Question: Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car , mileage
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating.
| Coefficients | Standard Error | t Stat | P-value | |
|---|---|---|---|---|
| Intercept | 15068.49 | 1951.90 | 7.720 | 0.0000 |
| Age (Year) | 1917.82 | 250.14 | 7.667 | 0.0000 |
| Mileage (in Thousands) | 224.93 | 16.99 | 13.236 | 0.0000 |
| Safety Rating | 620.02 | 69.20 | 8.960 | 0.0000 |
Does the sign of the coefficient for the variable age make sense?
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