b) Consider the following regression model;= 24.7747 +0.9415X2i +0.0424X31(6.7525) (0.8229)t = (3.6690) (1.1442) (0.5261)R² = 0.9635 R = 0.9531 df =7 RSS = 8,565.5541 ESS = 324.4459(0.0807)where X₂ = income; X3 = wealth and Y= consumption(i) How would you interpret the model?(ii) Is there multicollinearity in the regression? How do you know?

The provided information is as follows:The regression equation is given as .The coefficient of…

Answered: b) Consider the following regression =…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A regression was run to determine if there is a relationship between hours of study per week (xx) and the final exam scores (yy).The results of the regression were: y=ax+b a=6.22 b=21.6 r2=0.477481 r=0.691 Use this to predict the final exam score of a student who studies 8 hours per week, and please round your answer to a whole number.
A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y). The results of the regression were: y-a+bx a=37,525 b=-1.215 =0,790321 T==0,889 Use this to predict the number of situps a person who watches 6.5 hours of TV can do (to one decimal place) 19.7 Question Help: o Message instructor Submit Question MacBook Pro esc 288 F4 F3 F7 #3 & 2 6 7 Q T Y A S G C V B * LO
A regression was run to determine if there is a relationship between hours of study per week (x) and the final exam scores (y).The results of the regression were: y=ax+b a=5.088 b=26.56 r2=0.913936 r=0.956 Use this to predict the final exam score of a student who studies 4.5 hours per week, and please round your answer to a whole number.
A regression was run to determine if there is a relationship between hours of study per week (x) and the final exam scores (y). The results of the regression were: y=ax+b a=6.239 b=38.43 r²=0.758641 r=0.871 Use this to predict the final exam score of a student who studies 6 hours per week, and please round your answer to a whole number.
A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y). The results of the regression were: ŷ = a + bx a = 36.694 b = 0.874 R = = 0.923521 a) Use this to predict the number of situps a person who watches 0.5 hours of TV can e do (to 3 decimal places) b) What is the value of the correlation coefficient (to 3 decimal places) ? Priv Terr ост 21 MacBook Pro esc F1 F2 F3 F4 F5
A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y). The results of the regression were: y=ax+b a=-0.971 b=21.794 r²-0.872356 r=-0.934 Use this to predict the number of situps a person who watches 5 hours of TV can do (to one decimal place)
A regression was run to determine if there is a relationship between hours of TV watched per day (x) and number of situps a person can do (y). The results of the regression were: y = 26.699 -0.639*x R² = 0.5 r = -0.704 Predict the number of situps a person who watches 6 hours of TV can do (round your answer to three decimal places).
A regression was run to determine if there is a relationship between hours of study per week (xx) and the final exam scores (yy).The results of the regression were: y=ax+b a=5.226 b=34.56 r2=0.904401 r=0.951 Use this to predict the final exam score of a student who studies 1 hours per week, and please round your answer to a whole number?
A regression was run to determine if there is a relationship between hours of study per week (xx) and the final exam scores (yy).The results of the regression were: y=ax+b a=5.614 b=32.79 r2=0.808201 r=0.899 Use this to predict the final exam score of a student who studies 1 hours per week, and please round your answer to a whole number.

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