Question: Based on the Regression Analysis displayed below (with 5% significance level), answer the following questions: 1) Identify the independent and response variables. What does the

Based on the Regression Analysis displayed below (with 5% significance level), answer the following questions:

1) Identify the independent and response variables. What does the regression model (first line) statistically indicate?

2) Describe the null and alternative hypothesis in the regression analysis.

3) What R-sq stands for?

4) Discuss whether or not the regression model is statistically significant based on the P-value.

5) Based on the R-sq value, discuss whether or not the regression model is statistically significant. Based on the Regression Analysis displayed below

Problem 2 Based on the Regression Analysis displayed below (with 5% significance level), answer the following questions: Regression Analysis: Tons mined versus Personnel hours The Regression Equation is Tons mined - 4.359 + 0.000310 Personnel hours S - 0.0559431 R-Sg - 39.25 R-Sg(adj) - 33.18 Analysis of Variance Source SS MSFP Regression 1 0.0201823 0.0201023 6.45 0.029 DF Error 10 0.0312964 0.0031296 11 0.0514787 Total 1) Identify the independent and response variables. What does the regression model (first line) statistically indicate? 2) Describe the null and alternative hypothesis in the regression analysis. 3) What R-sq stands for? 4) Discuss whether or not the regression model is statistically significant based on the P-value". 5) Based on the R-sq value, discuss whether or not the regression model is statistically significant

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