Question: Data Sheet: Car Size Price ($) Cost/Mile Road-Test Score Predicted Reliability Value Score Toyota Corolla (base, manual) Small Sedan 16,419 0.44 70 4 1.99 Mazda3

Data Sheet:

Car Size Price ($) Cost/Mile Road-Test Score Predicted Reliability Value Score
Toyota Corolla (base, manual) Small Sedan 16,419 0.44 70 4 1.99
Mazda3 i Touring (manual) Small Sedan 18,895 0.50 74 5 1.94
Toyota Corolla LE Small Sedan 18,404 0.47 71 4 1.89
Mazda3 i Touring Small Sedan 19,745 0.52 70 5 1.82
Hyundai Elantra GLS Small Sedan 18,445 0.53 80 3 1.64
Nissan Sentra 2.0 SL Small Sedan 20,150 0.57 74 4 1.51
Kia Forte Sedan EX Small Sedan 19,040 0.57 71 3 1.32
Ford Focus SE Small Sedan 20,280 0.52 68 2 1.30
Ford Fiesta SE Small Sedan 16,595 0.47 61 2 1.25
Volkswagen Jetta SE (2.5) Small Sedan 20,300 0.54 60 3 1.24
Volkswagen Jetta TDI Small Sedan 25,100 0.50 68 2 1.18
Chevrolet Cruze LS (1.8) Small Sedan 18,375 0.57 67 1 0.96
Chevrolet Cruze 1LT (1.4T) Small Sedan 20,530 0.60 69 1 0.91
Nissan Altima 2.5 S (4-cyl.) Family Sedan 23,970 0.59 91 4 1.75
Kia Optima LX (2.4) Family Sedan 21,885 0.58 81 4 1.73
Subaru Legacy 2.5i Premium Family Sedan 23,830 0.59 83 4 1.73
Ford Fusion Hybrid Family Sedan 32,360 0.63 84 5 1.70
Honda Accord LX-P (4-cyl.) Family Sedan 23,730 0.56 80 4 1.62
Mazda6 i Sport (4-cyl.) Family Sedan 22,035 0.58 73 4 1.60
Hyundai Sonata GLS (2.4) Family Sedan 21,800 0.56 89 3 1.58
Ford Fusion SE (4-cyl.) Family Sedan 23,625 0.57 76 4 1.55
Chevrolet Malibu LT (4-cyl.) Family Sedan 24,115 0.57 74 3 1.48
Kia Optima SX (2.0T) Family Sedan 29,050 0.72 84 4 1.43
Ford Fusion SEL (V6) Family Sedan 28,400 0.67 80 4 1.42
Nissan Altima 3.5 SR (V6) Family Sedan 30,335 0.69 93 4 1.42
Hyundai Sonata Limited (2.0T) Family Sedan 28,090 0.66 89 3 1.39
Honda Accord EX-L (V6) Family Sedan 28,695 0.67 90 3 1.36
Mazda6 s Grand Touring (V6) Family Sedan 30,790 0.74 81 4 1.34
Ford Fusion SEL (V6, AWD) Family Sedan 30,055 0.71 75 4 1.32
Subaru Legacy 3.6R Limited Family Sedan 30,094 0.71 88 3 1.29
Chevrolet Malibu LTZ (V6) Family Sedan 28,045 0.67 83 3 1.20
Chrysler 200 Limited (V6) Family Sedan 27,825 0.70 52 5 1.20
Chevrolet Impala LT (3.6) Family Sedan 28,995 0.67 63 3 1.05
Lexus ES 350 Upscale Sedan 38,615 0.77 91 5 1.45
Acura TL (base) Upscale Sedan 36,465 0.75 82 5 1.41
Lexus IS 250 Upscale Sedan 33,734 0.75 84 5 1.40
Infiniti G25 Journey Upscale Sedan 34,225 0.73 86 4 1.37
Lexus HS 250h Premium Upscale Sedan 38,939 0.75 83 4 1.36
Acura TSX (4-cyl.) Upscale Sedan 29,675 0.67 84 3 1.35
Infiniti G37 Journey Upscale Sedan 37,225 0.79 95 4 1.33
Toyota Avalon Limited Upscale Sedan 35,485 0.73 86 3 1.27
Hyundai Genesis 3.8 Upscale Sedan 39,850 0.78 92 3 1.22
Volvo S60 T5 Upscale Sedan 35,100 0.76 77 4 1.18
Nissan Maxima 3.5 SV Upscale Sedan 33,700 0.78 83 3 1.17
Buick Regal CXL (2.4) Upscale Sedan 28,840 0.65 77 2 1.14
Lincoln MKZ Upscale Sedan 37,160 0.80 77 4 1.12
BMW 328i Upscale Sedan 39,175 0.79 77 3 1.10
Audi A4 Premium Quattro Upscale Sedan 35,895 0.76 76 3 1.08
Ford Taurus Limited Upscale Sedan 34,980 0.78 73 3 1.07
Buick Regal CXL (turbo) Upscale Sedan 32,135 0.71 79 2 1.06
Mercedes-Benz C300 Sport Upscale Sedan 37,325 0.83 77 3 1.04
Volkswagen CC Luxury (2.0T) Upscale Sedan 32,680 0.73 82 2 1.04
Saab 9-3 2.0T Upscale Sedan 31,615 0.70 69 3 1.00
Buick LaCrosse CXS (V6) Upscale Sedan 37,555 0.81 74 2 0.82

Executive Summary

The executive summary is a brief description of your business report, allowing readers to

  1. understand the problem/opportunity that is being analyzed and reported on
  2. see the findings and insights that help you solve the problem/opportunity
  3. learn the strategy you recommend the company follow

For each of these points, a short paragraph.

The executive summary is very important in a business report - it provides a snapshot of all the details shown in the full business report.

Keywords: Use Italics

THIS SECTION MUST BE ON ONE PAGE ONLY!

Title of the Paper

Introduction paragraph

Please give a brief overview of the topic

Question 1

A portion of the Excel output follows.

Regression Statistics
Multiple R 0.8707
R Square 0.7580
Adjusted R Square 0.7485
Standard Error 0.0520
Observations 54
ANOVA
df SS MS F Significance F
Regression 2 0.4325 0.2163 79.8884 1.93001E-16
Residual 51 0.1381 0.0027
Total 53 0.5706
Coefficients Standard Error t Stat p-Value
Intercept 0.5231 0.0144 36.2479 4.48609E-38
Family-Sedan 0.1189 0.0185 6.4157 4.55557E-08
Upscale-Sedan 0.2303 0.0184 12.5400 3.33718E-17

There appears to be a significant relationship between the type of car and the cost/mile. Approximately 75% of the variability in Cost/Mile is explained using the Family-Sedan and Upscale-Sedan variables. Note that for a small sedan, Family-Sedan = 0 and Upscale-Sedan = 0. Thus the estimate of the Cost/Mile for a small sedan is .5231. Note that the Cost/Mile increases by .1189 for a family sedan and .2303 for an upscale sedan. Conclusion: smaller cars have lower five-year owner costs.

Question 2

A portion of the Excel output follows.

Regression Statistics
Multiple R 0.9671
R Square 0.9353
Adjusted R Square 0.9286
Standard Error 0.0720
Observations 54
ANOVA
df SS MS F Significance F
Regression 5 3.5967 0.7193 138.8089 2.4970E-27
Residual 48 0.2487 0.0052
Total 53 3.8454
Coefficients Standard Error t Stat p-Value
Intercept 1.3710 0.1397 9.8163 4.6315E-13
Cost/Mile -2.2659 0.1938 -11.6894 1.2003E-15
Road-Test Score 0.0111 0.0013 8.4774 4.2227E-11
Predicted Reliability 0.1662 0.0104 15.9306 8.5542E-21
Family-Sedan 0.0228 0.0380 0.5996 0.5516
Upscale-Sedan 0.0681 0.0537 1.2682 0.2108

Question 3

Family-Sedan and Upscale-Sedan are both not significant. The Excel regression output corresponding to a model using only Cost/Mile, Road-Test Score, and Predicted Reliability follows.

Question 4

Regression Statistics
Multiple R 0.8667
R Square 0.7512
Adjusted R Square 0.7309
Standard Error 0.1397
Observations 54
ANOVA
df SS MS F Significance F
Regression 4 2.8886 0.7221 36.9806 3.07225E-14
Residual 49 0.9569 0.0195
Total 53 3.8454
Coefficients Standard Error t Stat p-Value
Intercept 0.1719 0.1840 0.9341 0.3548
Family-Sedan -0.2499 0.0582 -4.2948 8.24809E-05
Upscale-Sedan -0.4553 0.0576 -7.9090 2.63274E-10
Road-Test Score 0.0112 0.0025 4.3800 6.23668E-05
Predicted Reliability 0.1701 0.0202 8.4018 4.67372E-11

This regression output shows that the size of the car, as represented by the two dummy variables, is also a significant factor in predicting Value Score. But note that in part (1) the estimated regression equation shows that there is a significant relationship between Cost/Mile and the two dummy variables representing size. So, once the effect of Cost/Mile has been accounted for, any effects that might be due to size have already been incorporated into the model.

Conclusion and Christian Perspective

Give a brief conclusion of the report. Also, provide a Christian Perspective

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