Question: A linear regression model is conducted and the coefficient for a variable is -3.0 with a 95% confidence interval of [-4.5, -1.5]. Which of the

A linear regression model is conducted and the coefficient for a variable is -3.0 with a 95% confidence interval of [-4.5, -1.5]. Which of the following statements is NOT true?

a) As the independent variable is not significant at an alpha of 0.05

b) On average, the model estimates that as the independent variable increases by one unit, the dependent variable decreases by 3.0 units

c) The model estimates with 95% confidence that as the independent variable increases by one unit, the dependent variable can decrease by as much as 4.5 units

d) The model estimates with 95% confidence that as the independent variable increases by one unit, the dependent variable can decrease by as little as 1.5 units

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A chemical engineer studied the effect of the amount of surfactant and time on clathrate formation. Clathrates are used as cool storage media. The dataset is Clathrate.txt. Here are the variables: y:...

By using R Language, A chemical engineer studied the effect of the amount of surfactant and time on clathrate formation. Clathrates are used as cool storage media. The dataset is Clathrate.txt. Here...

step by step SUMMARY OUTPUT Regression Statistics Multiple R D.19 R Square D.04 Adjusted R Square -0.24 Standard Error 10.60 Observations 10 ANOVA SS MS Regression 2 30 45 15.22 Residual 7 785.95...

2. A study was conducted to see whether heart rate (y) on swimmers linearly related to their age (x,) and swimming time for 2000 meters (x2). A random sample of ten swimmers was selected and the...

Chicago public libraries collect data on the number of visitors and the number of library computer wifi sessions. A regression analysis was conducted using yearly totals for 2013. Assume the...

Assist me to obtain reliable solutions please An analyst wishes to compare the results from investing in a certain category of hedge funds, f, with those from the stock market, x. She uses on...

Instructor: Basu Dipanker Course: MAT-240-Q6622-16EW6 Assignment: 6-2 MyStatLab: Module Six Problem Set 1. Determine whether the scatter diagram indicates that a linear relation may exist between the...

1. Suppose a least-squares regression line is given by y = 4.302x 3.293. What is the mean value of the response variable if x = 20? y 20 = (Round to one decimal place as needed.) 2. In the...

Know about measurement errors (impression and bias affecting the validity of measurements or reported results). Know the difference between use of point estimates such as sample mean and sample...

abe thicient for a portfolio Dada Electric is a public company, and Electric Fund is a relatively well-diversified mutual fund. The following two graphs show regressions for the market's historic...

Lonnie Hippen moved to Long Island, Kansas, to work at an insurance company owned by Griffiths. After he moved there, Griffiths offered to sell Hippen a house he owned and Hippen agreed in writing to...

Korte Company is currently producing 16,000 units per month, which is 80% of its production capacity. Variable manufacturing costs are currently $8.00 per unit. Fixed manufacturing costs are $56,000...

A nonproprietary mutual fund is where the bank acts as a broker for a nonaffiliated mutual fund but does not act as an investment advisor. True False

1. Buying groceries at the supermarket. 2. Selling a house 3. Getting married out of community of property. 4. Starting a new cellphone contract. 5. Arranging monthly instalments to pay for the car...

Is it necessary to change something in your everyday life in order for you to achieve the goal?

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....