A research department of an American automobile company wants to develop a model to predict gasoline mileage (measured in MPG) of the company’s vehicles by using their horsepower and weights (measured in pounds). To do this, it took a random sample of 50 vehicles to perform a regression analysis as follows: Regression Statistics Multiple R 0.865689 R Square 0.749417 Adjusted R Square 0.738754 Standard Error 4.176602 Observations 50 ANOVA   df SS MS F Regression a 2451.973702 1225.987 d Residual b 819.8680976 c   Total 49 3271.8418       Coefficients Standard Error t Stat Intercept 58.15708 2.658248208 21.87797 Horsepower -0.11753 0.032643428 -3.60028 Weight -0.00687 0.001401173 -4.90349 (a) State the multiple regression equation. Interpret the meanings of the coefficients for horsepower and weight. (b) Test the validity of this multiple regression equation at the significance level of 1%. Show your reasoning. (c) The research department claims that the weight of the vehicle is negatively linearly related to its gasoline mileage. Test its claim at the significance level of 1%.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
icon
Related questions
Question

A research department of an American automobile company wants to develop a model to predict gasoline mileage (measured in MPG) of the company’s vehicles by using their horsepower and weights (measured in pounds). To do this, it took a random sample of 50 vehicles to perform a regression analysis as follows:

Regression Statistics

Multiple R 0.865689

R Square 0.749417

Adjusted R Square 0.738754

Standard Error 4.176602

Observations 50

ANOVA

  df SS MS F
Regression a 2451.973702 1225.987 d
Residual b 819.8680976 c  
Total 49 3271.8418    
  Coefficients Standard Error t Stat
Intercept 58.15708 2.658248208 21.87797
Horsepower -0.11753 0.032643428 -3.60028
Weight -0.00687 0.001401173 -4.90349

(a) State the multiple regression equation. Interpret the meanings of the coefficients for horsepower and weight.

(b) Test the validity of this multiple regression equation at the significance level of 1%. Show your reasoning.

(c) The research department claims that the weight of the vehicle is negatively linearly related to its gasoline mileage. Test its claim at the significance level of 1%.

Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill