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Concept explainers
For this problem, use the following multiple regression equation:
a. Interpret the meaning of the slopes.
b. Interpret the meaning of the
a.
![Check Mark](/static/check-mark.png)
Interpret the meaning of slopes.
Explanation of Solution
The given multiple regression is:
The coefficients of
Similarly, the coefficient of
b.
![Check Mark](/static/check-mark.png)
Interpret the meaning of the Y intercept.
Explanation of Solution
The Y-intercept of given regression line is 10. It represents the value of response variable Y when the both the independent variables
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Chapter 14 Solutions
Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
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