Is the relationship between Red Sox away games and average daily revenues significant at the 95% confidence level? Choose the correct answer with the corresponding correct reasoning. O No, because R Square is less than 50% O Yes, because the slope is positive. Yes, because the p-value of the intercept is less than 0.05 O Yes, because the p-value of the intercept is less than 0.95 Yes, because the p-value of the independent variable is less than 0.05

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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SUMMARY OUTPUT
Regression Statistics
Multiple R
0.4746
earch
R square
0.2252
Adjusted R Square
0.2091
目
Standard Error
466.32
labus
Observations
50
ANOVA
Ossary
Significance
F
df
MS
F
Regression
1
3.03E+06
3.03E+06
13.95
0.0005
er Help
Residual
48
1.04E+07
2.17E+05
Total
49
135E+07
Standard
P-
Upper
Coefficients
t Stat
Lower 95%
Team
cussion
Error
value
95%
Intercept
1,768.32
99.42
17.79
0.0000
1,568.42
1968.21
Red Sox away game
(1=yes, 0=no)
496.25
132.85
3.74
0.0005
229.13
763.38
okmark
Is the relationship between Red Sox away games and average daily revenues significant at the
95% confidence level? Choose the correct answer with the corresponding correct reasoning.
O No, because R Square is less than 50%
O Yes, because the slope is positive.
O Yes, because the p-value of the intercept is less than 0.05
O Yes, because the p-value of the intercept is less than 0.95
O Yes, because the p-value of the independent variable is less than 0.05
O Yes, because the p-value of the independent variable is less than 0.95
Transcribed Image Text:hboard SUMMARY OUTPUT Regression Statistics Multiple R 0.4746 earch R square 0.2252 Adjusted R Square 0.2091 目 Standard Error 466.32 labus Observations 50 ANOVA Ossary Significance F df MS F Regression 1 3.03E+06 3.03E+06 13.95 0.0005 er Help Residual 48 1.04E+07 2.17E+05 Total 49 135E+07 Standard P- Upper Coefficients t Stat Lower 95% Team cussion Error value 95% Intercept 1,768.32 99.42 17.79 0.0000 1,568.42 1968.21 Red Sox away game (1=yes, 0=no) 496.25 132.85 3.74 0.0005 229.13 763.38 okmark Is the relationship between Red Sox away games and average daily revenues significant at the 95% confidence level? Choose the correct answer with the corresponding correct reasoning. O No, because R Square is less than 50% O Yes, because the slope is positive. O Yes, because the p-value of the intercept is less than 0.05 O Yes, because the p-value of the intercept is less than 0.95 O Yes, because the p-value of the independent variable is less than 0.05 O Yes, because the p-value of the independent variable is less than 0.95
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