For a particular multiple linear regression analysis there are seven predictor variables. A sample of 68 observations is obtained on the seven predictor variables and the response variable. It is found that SSR = 987 and SSE = 1826. a. Construct the analysis of variance table for the analysis. b. Find R2 and interpret its value. c. Find the standard error of the estimate, se. d. At the 1% significance level, do the data provide sufficient evidence to conclude that the five predictor variables taken together are useful for predicting the response variable? e. State how useful you feel the regression equation is for making predictions about the response variable.

Question

For a particular multiple linear regression analysis there are seven predictor variables. A sample of 68 observations is obtained on the seven predictor variables and the response variable. It is found that SSR = 987 and SSE = 1826.

a. Construct the analysis of variance table for the analysis.

b. Find R2 and interpret its value.

c. Find the standard error of the estimate, se.

d. At the 1% significance level, do the data provide sufficient evidence to conclude that the five predictor variables taken together are useful for predicting the response variable?

e. State how useful you feel the regression equation is for making predictions about the response variable.

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