Use the Stata output below to answer the following question. The data used in this analysis is from a sample of airlines. Thevariables used are:fare-avg price of a one-way fare, in dollarsdist- distance of the flight, in miles.reg fare ldist.SourceModelResidual 551.391705TotallfareSSldist_cons875.094374dfThe OLS results suggest that1 323.7026681200243154,594MSCoef. Std. Err.4,595 190444913Number of obsF(1, 4594)Prob > FR-squaredAdj R-squaredRoot MSEt P>|t|.4025646 .0077517 51.93 0.0002.399834 .0521601 46.01 0.0004,5962696.980.00000.36990.3698.34645[95% Conf. Intervall.3873676 .41776172.297575 2.502093a 1% increase in distance is associated with approximately a $.40 increase in the price of the fare.a 1% increase in distance is associated with approximately a .40% increase in the price of the fare.a 1% increase in distance is associated with approximately a 40 % increase in the price of the fare.None of the above.

Answered: Use the Stata output below to answer…

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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