
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Transcribed Image Text: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.
Intercept
Age (Year)
Mileage
(in Thousands)
Safety Rating
Coefficients
31506.81
- 13424.74
-877.61
Coefficients
1168.30
Does the sign of the coefficient for the variable mileage make sense?
Standard Error
4395.89
1710.97
71.21
126.51
t Stat
7.167
-7.846
- 12.324
9.235
P-value
0.0000
0.0000
0.0000
0.0000

Transcribed Image Text:OYes, because it is expected that as mileage increases then the price should also increase.
O No, because it is expected that as mileage increases then the price should decrease.
O No, because it is expected that as mileage increases then the price should also increase.
O Yes, because it is expected that as mileage increases then the price should decrease.
h
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