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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. Intercept Age (Year) Mileage (in Thousands) Safety Rating Coefficients 31506.81 - 13424.74 -877.61 Coefficients 1168.30 Does the sign of the coefficient for the variable mileage make sense? Standard Error 4395.89 1710.97 71.21 126.51 t Stat 7.167 -7.846 - 12.324 9.235 P-value 0.0000 0.0000 0.0000 0.0000

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. Intercept Age (Year) Mileage (in Thousands) Safety Rating Coefficients 31506.81 - 13424.74 -877.61 Coefficients 1168.30 Does the sign of the coefficient for the variable mileage make sense? Standard Error 4395.89 1710.97 71.21 126.51 t Stat 7.167 -7.846 - 12.324 9.235 P-value 0.0000 0.0000 0.0000 0.0000

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter9: Solving Quadratic Functions
Section: Chapter Questions
Problem 4CA
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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. Intercept Age (Year) Mileage (in Thousands) Safety Rating Coefficients 31506.81 - 13424.74 -877.61 Coefficients 1168.30 Does the sign of the coefficient for the variable mileage make sense? Standard Error 4395.89 1710.97 71.21 126.51 t Stat 7.167 -7.846 - 12.324 9.235 P-value 0.0000 0.0000 0.0000 0.0000
Transcribed Image Text: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. Intercept Age (Year) Mileage (in Thousands) Safety Rating Coefficients 31506.81 - 13424.74 -877.61 Coefficients 1168.30 Does the sign of the coefficient for the variable mileage make sense? Standard Error 4395.89 1710.97 71.21 126.51 t Stat 7.167 -7.846 - 12.324 9.235 P-value 0.0000 0.0000 0.0000 0.0000
OYes, because it is expected that as mileage increases then the price should also increase. O No, because it is expected that as mileage increases then the price should decrease. O No, because it is expected that as mileage increases then the price should also increase. O Yes, because it is expected that as mileage increases then the price should decrease. h Keyboard Shortcuts
Transcribed Image Text:OYes, because it is expected that as mileage increases then the price should also increase. O No, because it is expected that as mileage increases then the price should decrease. O No, because it is expected that as mileage increases then the price should also increase. O Yes, because it is expected that as mileage increases then the price should decrease. h Keyboard Shortcuts
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