Questions 15-18 use the following information. Suppose in a sample of 5 men that their monthly income y (in thousands of dollars) is regressed on years of schooling x1 and ages x2. Excel output below shows: a) Question 15. At 5% significance level, the model is (options: not significant, not able to determine, significant) b) For someone with 5 years of schooling and 35 years of age, the expected monthly income is closest to (options: $5,300; 6,500; 6,700; 6,900) c)At 5% significance, which one of the following statements is true? (options: both x1 and x2 are significant; both are not significant; only x1 is significant; only x2 is significant) d) A 95% confidence interval for β2 is closest to (– 1.092, 0.672; – 2.14635, 1.72635)
Questions 15-18 use the following information. Suppose in a sample of 5 men that their monthly income y (in thousands of dollars) is regressed on years of schooling x1 and ages x2. Excel output below shows: a) Question 15. At 5% significance level, the model is (options: not significant, not able to determine, significant) b) For someone with 5 years of schooling and 35 years of age, the expected monthly income is closest to (options: $5,300; 6,500; 6,700; 6,900) c)At 5% significance, which one of the following statements is true? (options: both x1 and x2 are significant; both are not significant; only x1 is significant; only x2 is significant) d) A 95% confidence interval for β2 is closest to (– 1.092, 0.672; – 2.14635, 1.72635)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Questions 15-18 use the following information.
Suppose in a sample of 5 men that their monthly income y (in thousands of dollars) is regressed on years of schooling x1 and ages x2. Excel output below shows:
a) Question 15. At 5% significance level, the model is (options: not significant, not able to determine, significant)
b) For someone with 5 years of schooling and 35 years of age, the expected monthly income is closest to (options: $5,300; 6,500; 6,700; 6,900)
c)At 5% significance, which one of the following statements is true? (options: both x1 and x2 are significant; both are not significant; only x1 is significant; only x2 is significant)
d) A 95% confidence interval for β2 is closest to (– 1.092, 0.672; – 2.14635, 1.72635)
Transcribed Image Text:df Ss
Significance
F
MS
F
Regression 2 62.5 31.25 5.435
Residual
0.1554
2 11.5 5,75
Total
4 74.0
Standard
Coefficient
Error
Intercept
2.33
10.06
x1
2.08
0.89
x2
-0.21
0.45
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman