Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t Stat P-value Intercept 49314.99 6450.95 7.645 0.0000 Age (Year) - 25890.57 3156.87 -8.201 0.0000 Mileage (in Thousands) - 12.402 - 1584.68 127.77 0.0000 Safety Rating - 1762.27 2658.52 -0.663 0.5102 Does the sign of the coefficient for the variable safety rating make sense?
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t Stat P-value Intercept 49314.99 6450.95 7.645 0.0000 Age (Year) - 25890.57 3156.87 -8.201 0.0000 Mileage (in Thousands) - 12.402 - 1584.68 127.77 0.0000 Safety Rating - 1762.27 2658.52 -0.663 0.5102 Does the sign of the coefficient for the variable safety rating make sense?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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