10) The following computer printout is for the following multiple linear regression model, G= Bo + BIPg + B2DI+ B3Pnc+ e, where G is demand for gasoline, Pg is the price of gasoline, DI is disposable income, and Pnc is the price of a new car. ANOVA Significance df SS MS F Regression 3 39522.14 13174.05 Residual 15 313.777 17.43206 Total 18 39835.91 Standard Coefficients Error P-value Intercept -136.52 10.96646 Pg -22.3587 7.290932 DI 0.044582 0.013864 Pne 54.4312 0.221501 Interpret parameters of Pg (B). Is the parameter of Pg (B) significant? Use a = 0.05 and interpret your results. c. Identify variance of the error term (s*) from the printout. d. Calculate and interpret R. What is the meaning of the P-value for Pnc (0.221501)? a. b. е.

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ONLY NEED PARTS D AND E ANSWERED. A B AND C WERE ASKED IN PREVIOUS QUESTION

10) The following computer printout is for the following multiple linear regression model,
G= Bo + BIPg + B2DI+ B3Pnc+ e, where G is demand for gasoline, Pg is the price of gasoline, DI is disposable income, and
Pnc is the price of a new car.
ANOVA
Significance
df
SS
MS
F
Regression
3
39522.14
13174.05
Residual
15
313.777
17.43206
Total
18
39835.91
Standard
Coefficients
Error
P-value
Intereept
-136.52
10.96646
Pg
-22.3587
7.290932
DI
0.044582
0.013864
Pne
-54.4312
0.221501
a. Interpret parameters of Pg (B,).
b. Is the parameter of Pg (B) significant? Use a = 0.05 and interpret your results.
c. Identify variance of the error term (s) from the printout.
d. Calculate and interpret R.
e. What is the meaning of the P-value for Pnc (0.221501)?
Transcribed Image Text:10) The following computer printout is for the following multiple linear regression model, G= Bo + BIPg + B2DI+ B3Pnc+ e, where G is demand for gasoline, Pg is the price of gasoline, DI is disposable income, and Pnc is the price of a new car. ANOVA Significance df SS MS F Regression 3 39522.14 13174.05 Residual 15 313.777 17.43206 Total 18 39835.91 Standard Coefficients Error P-value Intereept -136.52 10.96646 Pg -22.3587 7.290932 DI 0.044582 0.013864 Pne -54.4312 0.221501 a. Interpret parameters of Pg (B,). b. Is the parameter of Pg (B) significant? Use a = 0.05 and interpret your results. c. Identify variance of the error term (s) from the printout. d. Calculate and interpret R. e. What is the meaning of the P-value for Pnc (0.221501)?
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