Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t� Stat P-value Intercept 38356.1138356.11 4686.294686.29 8.1858.185 0.00000.0000 Age (Year) −18219.29−18219.29 2196.312196.31 −8.295−8.295 0.00000.0000 Mileage(in Thousands) 1149.561149.56 1897.651897.65 0.6060.606 0.54720.5472 Safety Rating 1396.751396.75 159.64159.64 8.7498.749 0.00000.0000 Does the sign of the coefficient for the variable mileage make sense?
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t� Stat P-value Intercept 38356.1138356.11 4686.294686.29 8.1858.185 0.00000.0000 Age (Year) −18219.29−18219.29 2196.312196.31 −8.295−8.295 0.00000.0000 Mileage(in Thousands) 1149.561149.56 1897.651897.65 0.6060.606 0.54720.5472 Safety Rating 1396.751396.75 159.64159.64 8.7498.749 0.00000.0000 Does the sign of the coefficient for the variable mileage make sense?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 7E
Related questions
Question
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating.
Coefficients
| Coefficients | Standard Error | t� Stat | P-value | |
|---|---|---|---|---|
| Intercept | 38356.1138356.11 | 4686.294686.29 | 8.1858.185 | 0.00000.0000 |
| Age (Year) | −18219.29−18219.29 | 2196.312196.31 | −8.295−8.295 | 0.00000.0000 |
| Mileage (in Thousands) |
1149.561149.56 | 1897.651897.65 | 0.6060.606 | 0.54720.5472 |
| Safety Rating | 1396.751396.75 | 159.64159.64 | 8.7498.749 | 0.00000.0000 |
Does the sign of the coefficient for the variable mileage make sense?
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning