Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters), and the weights W (pounds) of 436 automobiles The t values are in brackets a Does the value 2 1414 seem reasonable b Does the value 0 0022 seem reasonable c Does the value 0 65 seem reasonable d...

The Answer is in the image, click to view ...

Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters),

Question:

Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters), and the weights W (pounds) of 436 automobiles: image text in transcribed

The t values are in brackets.

a. Does the value −2.1414 seem reasonable?

b. Does the value −0.0022 seem reasonable?

c. Does the value 0.65 seem reasonable?

d. Is the coefficient of S statistically significant at the 5 percent level?

e. Is the coefficient of W statistically significant at the 5 percent level?

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

Step by Step Answer:

Related Book For answer-question

Essential Statistics Regression And Econometrics

ISBN: 9780123822215

1st Edition

Authors: Gary Smith

See More Books

Question Posted: Mar 16, 2024 12:00 PM

See More Questions

Find the range of the given function O 15, 1) O 12. m) O 13, ) -5, 0) (1.0) 2 3 (0, -1) 4-3-2-1 45 (3,-2) (-2, -3)
Miller-Rabin test to check whether a number N is composite. This will involve computing a N1 mod N for some value of a. [10 marks] Carry out the steps for N = 65 and a = 1, 2, 8 and 12. on what each...
1. For each of the following pairs, explain why you believe that they are positively related, negatively related, or essentially unrelated. If they are related, identify the dependent variable. a....
Questions for discussion: read the material in Exhibit 3.3 below and answer the three questions presented at the end of the exhibit. EXHIBIT 3.3 WHAT IS THE MOST DESIRABLE LEVEL OF POLLUTION?...
Explain what happens to the official measure of GDP in each of the following situations. a. Air quality improves significantly throughout the United States, but there are no effects on aggregate...
Explain how a transistor could be used as a switch?
Redesign the fractionator of Example 6.8 for a reflux ratio that is twice the minimum. Determine the diameter of the tower, the height of packing in the stripping and rectifying sections, and the...
Nadal Inc. has two temporary differences at the end of 2008. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Nadals accounting...
IKEA entered the United States in 1985 and China in 1998. But the company started in 1958; why did it take so long to move into the United States and China? Why do you think IKEA is not in more than...
Data for 100 college students were used to estimate this multiple regression equation: Y = 0.752 + 0.470F + 0.507M + 0.047A + 4.330D, where Y = height of student (inches), F = height of students...
Data from a random sample of 100 college students were used to estimate the following multiple regression equation: where Y is the students height (inches), X 1 is a dummy variable equal to 1 if the...
The Supreme Court of Canada in Bhasin stated that there is a new duty of honesty in contractual performance. What is this duty and how might it interfere with freedom of contract?
A dye has a max = 460 nm ( = 70,000 L/(mol*cm)). What is the concentration of dye in a sample whose absorbance at 460 nm is A = 0.350 in a cell with a path length of 1.00 cm?
What are at least THREE relational frames a person would need to think the following cartoon is funny? It will take more than one to interpret the meaning in this cartoon. ww iure Rungo m Wher **T...
For each resident taxpayer, calculate their basic tax on taxable income in the 2021 income year: Harry derived a taxable income of 41,100. Megan derived a taxable income of 99,250. Margo derived...
How can giving a remainder interest to charity in farmland generate an immediate financial benefit that can be used to fund the purchase of life insurance?
Which of the following statements is true with respect to a simple linear regression model? a. The percent of variation in the dependent variable that is explained by the regression model is equal to...
Three charged particles are placed at the corners of an equilateral triangle of side 1.20m (Fig. 16-53). The charges are + 4.0μC, - 8.0μC, and 6.0μC. Calculate the magnitude and direction of...
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
Bob and Anna are in the 39.6% tax bracket for ordinary income and the 20% bracket for capital gains (ignore the 3.8% additional tax on investment income for higher-income taxpayers.) They have owned...
Virginia is a cash-basis, calendar-year taxpayer. Her salary is $20,000, and she is single. She plans to purchase a residence in 2018. She anticipates her property taxes and interest will total...
Which tax form is used by the following individuals? a. Anita is single, age 68, and has a salary of $22,000 and interest of $300. b. Betty owns an apartment complex that produced rental income of...
What role do protected areas, wildlife reserves, and marine sanctuaries play in safeguarding biodiversity hotspots, critical habitats, and key biodiversity areas, and how can networks of protected...
How can citizen science initiatives, crowdsourced monitoring platforms, and geospatial technologies be leveraged to enhance biodiversity monitoring, environmental surveillance, and public engagement...
Question 4 Puan Siti Khadijah is considering two stocks. Both pay dividend of RM1, but the beta coefficient of Stock Putih is 1.5 while the beta coefficient of Stock Hitam is 0.5. Puan Siti...

Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters),

Question:

M = 38.6765-2.1414S - 0.0022W, R = 0.65 [13.2987] [8.6200]

Step by Step Answer:

Essential Statistics Regression And Econometrics

Students also viewed these Business questions