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Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Answer Coefficients 680 122.40 Coefficients -74.80 -104.25 Standard Error Does the sign of the coefficient for the variable number of car accidents make sense? 79.71 14.75 8.89 11.46 t Stat 8.531 8.298 P-value 0.0000 0.0000 -8.414 0.0000 -9.097 0.0000 O Yes, because it is expected that as the number of car accidents increases then the cost should also increase. O No, because it is expected that as the number of car accidents increases then the cost should also increase. O Yes, because it is expected that as the number of car accidents increases then the cost should decrease. O No, because it is expected that as the number of car accidents increases then the cost should decrease. Keyp Keyboard Short Tables

Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Answer Coefficients 680 122.40 Coefficients -74.80 -104.25 Standard Error Does the sign of the coefficient for the variable number of car accidents make sense? 79.71 14.75 8.89 11.46 t Stat 8.531 8.298 P-value 0.0000 0.0000 -8.414 0.0000 -9.097 0.0000 O Yes, because it is expected that as the number of car accidents increases then the cost should also increase. O No, because it is expected that as the number of car accidents increases then the cost should also increase. O Yes, because it is expected that as the number of car accidents increases then the cost should decrease. O No, because it is expected that as the number of car accidents increases then the cost should decrease. Keyp Keyboard Short Tables

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Answer Coefficients Coefficients Standard Error 680 Intercept Car Accidents (In last 3 years) Credit Score -74.80 Safety Rating - 104.25 122.40 Does the sign of the coefficient for the variable number of car accidents make sense? 79.71 14.75 8.89 11.46 t Stat P-value 8.531 0.0000 0.0000 8.298 -8.414 -9.097 0.0000 0.0000 O Yes, because it is expected that as the number of car accidents increases then the cost should also increase. O No, because it is expected that as the number of car accidents increases then the cost should also increase. O Yes, because it is expected that as the number of car accidents increases then the cost should decrease. O No, because it is expected that as the number of car accidents increases then the cost should decrease. Keyp- Keyboard Short Tables
Transcribed Image Text:Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Answer Coefficients Coefficients Standard Error 680 Intercept Car Accidents (In last 3 years) Credit Score -74.80 Safety Rating - 104.25 122.40 Does the sign of the coefficient for the variable number of car accidents make sense? 79.71 14.75 8.89 11.46 t Stat P-value 8.531 0.0000 0.0000 8.298 -8.414 -9.097 0.0000 0.0000 O Yes, because it is expected that as the number of car accidents increases then the cost should also increase. O No, because it is expected that as the number of car accidents increases then the cost should also increase. O Yes, because it is expected that as the number of car accidents increases then the cost should decrease. O No, because it is expected that as the number of car accidents increases then the cost should decrease. Keyp- Keyboard Short Tables
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