f. Are there any statistical problems with the regression indicated by the results? Explain! g. Discuss the meaning of the R-SQUARE

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 50E
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f. Are there any statistical problems with the regression indicated by the results?
Explain!
g. Discuss the meaning of the R-SQUARE

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SOURCE
MODEL
ERROR
TOTAL
Dashboard
VARIABLE
STANDARD ERROR Se (ROOT MSE)
DEP MEAN
PO
QG
SUM
DEPENDENT VARIABLE: PG
SUM SQUARES
5707.43
11.62
6230.27
Q Search
Use the "printout" below to answer questions on multiple regression that follow. PG
is price of gasoline ($per gal). PO is the price of oil (Sper bbl). OG is the amount
(1000 gal) of gasoline inventories. SUM is 1 during Summer, 0 otherwise. n=49.
DF
3
45
48
INTERCEPT 1
1
1
DF
DURBIN-WATSON D:
(FOR NUMBER OF OBS.)
PG
CORRELATION MATRIX:
PG
1.00
.00
PO
QG
PARAMETER
ESTIMATE
19.926
.01083
-.07736
0.4831
SUM
X Q Learning Log 7 Assu X
.119
.023
.257
.017
MULTIPLE REGRESSION
+
PO
-119
.023
70%
MEAN SQUARE
1902.48
.2582
.8914
2.894
PARAMETER ESTIMATES
STANDARD
ERROR
19.071
0.002
0.037
0.901
1.410
49
QG
SUM
.257 -.846
.017 .018
1.00 .064 -.353
.000
.243 .337
.064 1.00
.243 .000
.237
.436
-.846 -.353 .237 1.00
.018 .337 .436 .000
R-SQUARE .879
ADJ R-SQ .873
F VALUE
7366.6
T STATISTIC
Ch. 1 Introduction -...
-0.842
5.520
-2.082
0.536
PG
Show your work ple X
DELL
PROB>FI
0.0001
QG
Mail - Sdhari Morris X
Start Here, Go Any...
qb
+
☆
The Best Summary...
I
4)
»
Get Help
4:56 PM
4/5/2023
x
C
H
O
+
8
3
Transcribed Image Text:← ↑ € My PennWest Login Home - myPennWes X 1 66°F Mostly cloudy D2L Learning Log 7 - Spi X eCampus: Choosing... 1 of 2 https://pennwest.brightspace.com/d2l/le/content/3518986/viewContent/35581116/View https://ecampus.vit... WeBWork: CMAT_2... SOURCE MODEL ERROR TOTAL Dashboard VARIABLE STANDARD ERROR Se (ROOT MSE) DEP MEAN PO QG SUM DEPENDENT VARIABLE: PG SUM SQUARES 5707.43 11.62 6230.27 Q Search Use the "printout" below to answer questions on multiple regression that follow. PG is price of gasoline ($per gal). PO is the price of oil (Sper bbl). OG is the amount (1000 gal) of gasoline inventories. SUM is 1 during Summer, 0 otherwise. n=49. DF 3 45 48 INTERCEPT 1 1 1 DF DURBIN-WATSON D: (FOR NUMBER OF OBS.) PG CORRELATION MATRIX: PG 1.00 .00 PO QG PARAMETER ESTIMATE 19.926 .01083 -.07736 0.4831 SUM X Q Learning Log 7 Assu X .119 .023 .257 .017 MULTIPLE REGRESSION + PO -119 .023 70% MEAN SQUARE 1902.48 .2582 .8914 2.894 PARAMETER ESTIMATES STANDARD ERROR 19.071 0.002 0.037 0.901 1.410 49 QG SUM .257 -.846 .017 .018 1.00 .064 -.353 .000 .243 .337 .064 1.00 .243 .000 .237 .436 -.846 -.353 .237 1.00 .018 .337 .436 .000 R-SQUARE .879 ADJ R-SQ .873 F VALUE 7366.6 T STATISTIC Ch. 1 Introduction -... -0.842 5.520 -2.082 0.536 PG Show your work ple X DELL PROB>FI 0.0001 QG Mail - Sdhari Morris X Start Here, Go Any... qb + ☆ The Best Summary... I 4) » Get Help 4:56 PM 4/5/2023 x C H O + 8 3
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