Use software to do further analyses with the multiple regression model of y = selling price of
Question:
a. Report the F statistic and state the hypotheses to which it refers. Report its P-value, and interpret. Why is it not surprising to get a small P-value for this test?
b. Report and interpret the t statistic and P-value for testing H0: β2 = 0 against Ha: β2 > 0.
c. Construct a 95% confidence interval for β2, and interpret. This inference is more informative than the test in part b. Explain why.
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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