Question: Continue solving Coefficient table Predictor Coefficient SE of coefft p-value Constant 2.5 1.5 1.667 - X, 3 15 2 0.056 X, 4 3 1.333 0.194

Continue solving

Coefficient table Predictor Coefficient SE of coefft p-value Constant 2.5 1.5 1.667 - X, 3 15 2 0.056 X, 4 3 1.333 0.194 X, 3 0.2 -15 0.000 X, 0.2 0.05 4 0.000 X, Il 5 0.667 0.511 ANOVA table Source df SS MSF p-value RegressionS 10020 100.000 Error 2040 2 Total 25 140 a. What is the amount of profit for a restaurant with 40 parking spaces that is open 72 hours per week is 10 miles from Peaches Corner has 20 servers and has been open 5 years? v. Interpret the values of b, and b; in the multiple regression equation. c. How large was the sample? How many independent variables are there? d. What percentage of the variation in profit is explained by this model? e. Which of the above independent variables are better explanatory variables? Answer by taking the help of p value. t Perform an overall test of hypothesis to check whether the model is significant or not at 5% significance level? g. Compute standard error of estimate and interpret its meaning. n. Compute 95% confidence interval for the regression coefficient of the number of hours the restaurant is open per week and the number of servers employed

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!