The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000 3 17,599 16,000 3 15,998 42,000 3 15,998 62,000 4 11,599 102,000 7 12,998 109,000 4 14,998 60,000 5 11,599 88,000 9 12,599 58,000 8 14,998 27,000 6 15,998 32,000 3 Price Mileage Age 11,599 95,000 8 9,499 123,000 8 14,599 54,000 5 10,599 68,000 10 16,998 40,000 4 20,998 7,000 0 11,599 80,000 9 12,599 70,000 6 13,599 86,000 5 11,599 92,000 7 9,599 120,000 10 Price Mileage Age 18,998 20,000 2 12,599 63,000 7 12,599 70,000 6 10,998 88,000 10 11,998 86,000 6 13,998 60,000 6 17,599 45,000 2 9,998 95,000 11 9,998 60,000 11 16,998 36,000 2 17,599 45,000 2 #1) Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question.(Round your answer to two decimal places.) The correlation between age and mileage is: ____________ #2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.) Find the p-value for ?2. (Round your answer to four decimal places.)
The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000 3 17,599 16,000 3 15,998 42,000 3 15,998 62,000 4 11,599 102,000 7 12,998 109,000 4 14,998 60,000 5 11,599 88,000 9 12,599 58,000 8 14,998 27,000 6 15,998 32,000 3 Price Mileage Age 11,599 95,000 8 9,499 123,000 8 14,599 54,000 5 10,599 68,000 10 16,998 40,000 4 20,998 7,000 0 11,599 80,000 9 12,599 70,000 6 13,599 86,000 5 11,599 92,000 7 9,599 120,000 10 Price Mileage Age 18,998 20,000 2 12,599 63,000 7 12,599 70,000 6 10,998 88,000 10 11,998 86,000 6 13,998 60,000 6 17,599 45,000 2 9,998 95,000 11 9,998 60,000 11 16,998 36,000 2 17,599 45,000 2 #1) Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question.(Round your answer to two decimal places.) The correlation between age and mileage is: ____________ #2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.) Find the p-value for ?2. (Round your answer to four decimal places.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8MCQ
Related questions
Topic Video
Question
The data below contains mileage, age, and selling price for a sample of 33 sedans.
| Price | Mileage | Age |
|---|---|---|
| 16,998 | 35,000 | 3 |
| 17,599 | 16,000 | 3 |
| 15,998 | 42,000 | 3 |
| 15,998 | 62,000 | 4 |
| 11,599 | 102,000 | 7 |
| 12,998 | 109,000 | 4 |
| 14,998 | 60,000 | 5 |
| 11,599 | 88,000 | 9 |
| 12,599 | 58,000 | 8 |
| 14,998 | 27,000 | 6 |
| 15,998 | 32,000 | 3 |
| Price | Mileage | Age |
|---|---|---|
| 11,599 | 95,000 | 8 |
| 9,499 | 123,000 | 8 |
| 14,599 | 54,000 | 5 |
| 10,599 | 68,000 | 10 |
| 16,998 | 40,000 | 4 |
| 20,998 | 7,000 | 0 |
| 11,599 | 80,000 | 9 |
| 12,599 | 70,000 | 6 |
| 13,599 | 86,000 | 5 |
| 11,599 | 92,000 | 7 |
| 9,599 | 120,000 | 10 |
| Price | Mileage | Age |
|---|---|---|
| 18,998 | 20,000 | 2 |
| 12,599 | 63,000 | 7 |
| 12,599 | 70,000 | 6 |
| 10,998 | 88,000 | 10 |
| 11,998 | 86,000 | 6 |
| 13,998 | 60,000 | 6 |
| 17,599 | 45,000 | 2 |
| 9,998 | 95,000 | 11 |
| 9,998 | 60,000 | 11 |
| 16,998 | 36,000 | 2 |
| 17,599 | 45,000 | 2 |
#1) Is multicollinearity an issue for this model? Find the
The correlation between age and mileage is: ____________
#2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.)
Find the p-value for ?2. (Round your answer to four decimal places.)
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