Question: For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same).


For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same). SUMMARY OUTPUT Regression Statistics Multiple R 0.732 R Square 0.536 Adjusted R 0.511 Square Standard Error 4451.652 Observations 100 ANOVA Significance df SS MS F F Regression 5 2148222488 429644497.6 21.680 2.246E-14 Residual 94 1862816975 19817201.86 Total 99 4011039463 Standard Coefficients t Stat P-value Lower 95% Upper 95% Error Intercept 528.896 2512.847 0.210 0.8338 -4460.421 5518.213 Annual Income 2.936E- 139.220 15.531 8.964 108.382 170.058 ($1000) 14 Household Size 821.824 232.404 3.536 0.0006 360.381 1283.266 Education -1104.740 299.596 -3.687 0.0004 - 1699.595 509.885 TV Hours 20.638 27.201 0.759 0.4499 -33.371 74.646 Age -8.312 45.476 -0.183 0.8554 98.607 811982 Find the predicted annual charges for a 44-year old customer with an annual income of $65 (thousand), a household size of 5. 2 years of post-high school education, 32 hours of watching television per week. $27,964 $11.773 Find the predicted annual charges for a 44-year old customer with an annual income of $65 (thousand), a household size of 5, 2 years of post-high school education, 32 hours of watching television per week. O $27.964 O $11,773 $8,155 O $10,755 O $398 The following scenario applies to the rest of the questions on the quiz. A credit card company is trying to understand and even predict annual charges that a customer will make on their cards using 5 variables: annual income (in $1000), household size, years of post-high school education (labeled simply "Education"), hours per week watching television (labeled "TV Hours") and age of the primary card holder. They collect data on 100 randomly selected customers and measure the variables described above. They then perform a multiple regression analysis and find the results shown in the questions below. Important Note: While the scenario above applies to all of the questions below, the output shown in different questions may change from question to question. Please be careful that you use the appropriate output for each
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