Thirty observations were used to estimate y = 0 + 1 x 1 +

Question:

Thirty observations were used to estimate y = β0 + β1x1 + β2x2 + ε. A portion of the regression results is shown in the accompanying table.

Standard Error p-value Coefficients t Stat Intercept 7.37 21.97 2.98 6.31E-08 2.23 X1 30.00 13.44 1.75E-13 -1.88 0.27 -6


a. What is the estimate for β1? Interpret this value.

b. What is the sample regression equation?

c. If x1 = 30 and x2 = 20, what is ŷ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: