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 1278 230.04 Coefficients Does the sign of the coefficient for the variable safety rating make sense? -140.58 328.63 Standard Error 129.86 23.23 14.97 397.29 t Stat 9.841 P-value 0.0000 9.903 0.0000 -9.391 0.0000 0.827 0.4117 O No, because it is expected that as the safety rating increases then the cost should decrease. O Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O Yes, because it is expected that as the safety rating increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
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 1278 230.04 Coefficients Does the sign of the coefficient for the variable safety rating make sense? -140.58 328.63 Standard Error 129.86 23.23 14.97 397.29 t Stat 9.841 P-value 0.0000 9.903 0.0000 -9.391 0.0000 0.827 0.4117 O No, because it is expected that as the safety rating increases then the cost should decrease. O Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O Yes, because it is expected that as the safety rating increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
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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