Homework Help is Here – Start Your Trial Now!
Math
Statistics
2. A shoe manufacturer is considering developing a new brand of running shoes. The business problem facing the marketing analyst is to determine which variables should be used to predict durability (i.e., the effect of long-term impact). Two independent variables un- der consideration are X 1 (FOREIMP), a measurement of the forefoot shock-absorbing capability, and X 2 (MIDSOLE), a measurement of the change in impact properties over time. The dependent variable Y is LTIMP, a measure of the shoe's durability after a repeated impact test. Data are collected from a random sample of 15 types of currently manufactured running shoes, with the following results: Standard Error Variable Coefficients t Statistic p-Value Intercept -0.02686 0.06905 -0.39 0.7034 FOREIMP 0.79116 0.06295 12.57 0.0000 MIDSOLE 0.60484 0.07174 8.43 0.0000 A: state the multiple regression equation b. interpret the meaning of the slopes, b1 and b2 in this problem. c. what conclusions can you reach concerning durability? Activato Window

2. A shoe manufacturer is considering developing a new brand of running shoes. The business problem facing the marketing analyst is to determine which variables should be used to predict durability (i.e., the effect of long-term impact). Two independent variables un- der consideration are X 1 (FOREIMP), a measurement of the forefoot shock-absorbing capability, and X 2 (MIDSOLE), a measurement of the change in impact properties over time. The dependent variable Y is LTIMP, a measure of the shoe's durability after a repeated impact test. Data are collected from a random sample of 15 types of currently manufactured running shoes, with the following results: Standard Error Variable Coefficients t Statistic p-Value Intercept -0.02686 0.06905 -0.39 0.7034 FOREIMP 0.79116 0.06295 12.57 0.0000 MIDSOLE 0.60484 0.07174 8.43 0.0000 A: state the multiple regression equation b. interpret the meaning of the slopes, b1 and b2 in this problem. c. what conclusions can you reach concerning durability? Activato Window

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
See similar textbooks
icon
Related questions
Question
2. A shoe manufacturer is considering developing a new brand of running shoes. The business problem facing the marketing analyst is to determine which variables should be used to predict durability (i.e., the effect of long-term impact). Two independent variables un- der consideration are X 1 (FOREIMP), a measurement of the forefoot shock-absorbing capability, and X 2 (MIDSOLE), a measurement of the change in impact properties over time. The dependent variable Y is LTIMP, a measure of the shoe's durability after a repeated impact test. Data are collected from a random sample of 15 types of currently manufactured running shoes, with the following results: Standard Variable t Statistic p-Value Coefficients Error 0.06905 Intercept -0.02686 -0.39 0.7034 FOREIMP 0.79116 0.06295 12.57 0.0000 MIDSOLE 0.60484 0.07174 8.43 0.0000 A: state the multiple regression equation b. interpret the meaning of the slopes, b1 and b2 in this problem. c. what conclusions can you reach concerning durability? Activato Window
Transcribed Image Text:2. A shoe manufacturer is considering developing a new brand of running shoes. The business problem facing the marketing analyst is to determine which variables should be used to predict durability (i.e., the effect of long-term impact). Two independent variables un- der consideration are X 1 (FOREIMP), a measurement of the forefoot shock-absorbing capability, and X 2 (MIDSOLE), a measurement of the change in impact properties over time. The dependent variable Y is LTIMP, a measure of the shoe's durability after a repeated impact test. Data are collected from a random sample of 15 types of currently manufactured running shoes, with the following results: Standard Variable t Statistic p-Value Coefficients Error 0.06905 Intercept -0.02686 -0.39 0.7034 FOREIMP 0.79116 0.06295 12.57 0.0000 MIDSOLE 0.60484 0.07174 8.43 0.0000 A: state the multiple regression equation b. interpret the meaning of the slopes, b1 and b2 in this problem. c. what conclusions can you reach concerning durability? Activato Window
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
SEE MORE TEXTBOOKS