Refer to the Excel output shown in Exhibit 14.32 above. Test the individual coefficients for significance. Use
Question:
Transcribed Image Text:
SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.604771472 0.365748533 0.304369359 435.3412786 35 ANOVA MS 3 3387992.99 1129330.997 5.958837626 df Regression Residual Total 31 5875182.895 189522.0289 34 9263175.886 P-value Coefficients Standard Error Stat 38.35751156 539.3083936 0.07112352 0.94375632 Intercept Age of Head of Household Income (000) Value of Home (000 0.375387927 3.933953149 0.095422572 0.924593365 0.992027023 11.58540256 0.085627324 0.932313329 22.03697173 8.899239591 2.47627581 0.018939953
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Age of head of household H 0 1 0 H 1 1 0 from Excel output The pvalue is 093 so we fail to ...View the full answer
Answered By
Moses mwangi
With prior writing experience, be sure that I will give a great grade, If not an A+, it will be something close to this. My reviews speaks it all, Try me!!
4.80+
78+ Reviews
157+ Question Solved
Related Book For
Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated
ISBN: 9780132924962
2nd Edition
Authors: Judith Skuce
Question Posted:
Students also viewed these Statistics questions
-
Refer to the Excel output shown in Exhibit 14.32 above. Is the overall model significant? You will have to estimate the p-value from the tables at the back of the text. Use a 5% level of...
-
Study the Excel output shown in Problem 13.13. Comment on the overall strength of the regression model in light of S, R2, and adjusted R2.
-
Refer to the Excel display below and answer the given questions. Construct the multiple regression equation that expresses earthquake magnitude in terms of latitude, longitude, and depth.
-
Multiple Choice Questions: 1. Which of the following is most likely a topic of discussion in macroeconomics? a. An increase in the price of a pizza b. A decrease in the production of VCRs by a...
-
Explain the differences between an options delivery and expiration dates.
-
Which form of HIV RNA is packaged into HIV particles? a. Fully spliced RNA b. Incompletely spliced RNA c. Unspliced RNA d. All three forms of RNA are packaged into HIV particles.
-
Some believe that the top three ratios that every technology company needs to understand and track are the quick ratio, debt to equity ratio, and gross profit margin. Describe each of these ratios...
-
The controller of Pratesh Company is gathering data to prepare the cash budget for July. He plans to develop the budget from the following information: a. Of all sales, 35 percent are cash sales. b....
-
Given that 57.7 fex is equal to 1 gal and that 14.3 glo is equal to 1 day, how many cL/hr are there in 0.568 fex/glo? ( NOTE: A fex and glo are are both fictitious units of volume and time,...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Marcharpex is a company selling specialized software products to a select number of manufacturing companies. The company relies on senior salespeople to make contacts, sell the product, and provide a...
-
Given your answers to Exercises 2 and 3, what concerns do you have about the model? A correlation matrix for the values in the model is shown below in Exhibit 14.33 below. Number of People in...
-
Let f be a twice differentiable functional on some open interval S containing x0. For every x1 S, there exists some between x0 and x1 such that f (x1) = f(xo) +f"lxo]x+f"x?
-
Compute the value of the following. (Assume n is an integer.) (3), f for n 3
-
Define (4 points) the following and explain the use/role (2 points) with an example in C++ (4 points). a) Object-Oriented Paradigm (10 points) b) Data Abstraction (10 points)
-
An S-Corporation has beginning balances in AAA of $300,000, E&P of $200,000, and OAA of $100,000. Sally has a beginning balance in her Stock Basis of $400,000. Sally makes $10,000 contribution for...
-
Define a function a function called `labels_of_smallest` that takes the inputs: two different numpy arrays, the first one corresponding to a numeric column and the second one corresponding to a label...
-
Consider the topic of work / life balance in an organization. How should managers handle the personal needs of employees? How should employees handle the stress of their personal and professional...
-
What do you think are the reasons for these myths about data mining?
-
Three forces with magnitudes of 70pounds, 40 pounds, and 60 pounds act on an object at angles of 30, 45, and 135, respectively, with the positive x-axis. Find the direction and magnitude of the...
-
For the investment experiment of Exercise 4, identify how Control, Randomization, and Replication were used.
-
An Internet sale site randomly sent customers to one of three versions of its welcome page. It recorded how long each visitor stayed in the site. Here is a diagram of that experiment. Fill in the...
-
Analysts from the Internet company of Exercise 7 are now concerned that customers who come directly to their site (by typing their URL into a browser) might respond differently than those referred to...
-
Johnny's Lawn Service camed $200,000 of service revenues for 2020. $190,000 was collected in cash and $10,000 remains in Accounts Receivable as of 12/31/20. S155,000 of expense was incurred during...
-
Company BW has $500,000 loan outstanding. The annual loan interest rate is 6% with monthly compounding (meaning BW is making monthly payments). Find the annual after-tax cost of debt for the loan.
-
The hierarchical system of classification is intended to be a map of evolution. Explain this statement. What is implied about species that occur on the same branch of a phylogenetic tree?
Study smarter with the SolutionInn App