Question: Perform a simple linear regressionwith dependent variable (cost) and independent variable (age). cost age 13316 83 14043 72 17354 64 15338 81 14510 77 14703
- Perform a simple linear regressionwith dependent variable (cost) and independent variable (age).
| cost | age |
| 13316 | 83 |
| 14043 | 72 |
| 17354 | 64 |
| 15338 | 81 |
| 14510 | 77 |
| 14703 | 81 |
| 17422 | 64 |
| 16958 | 69 |
| 12873 | 82 |
| 12185 | 68 |
| 10096 | 64 |
| 13787 | 71 |
| 29478 | 73 |
| 15900 | 74 |
| 16030 | 67 |
| 16037 | 78 |
| 11163 | 72 |
| 15974 | 78 |
| 15055 | 75 |
| 18636 | 84 |
| 9063 | 61 |
| 18247 | 65 |
| 14216 | 72 |
| 14881 | 75 |
| 17133 | 80 |
| 13668 | 82 |
| 15142 | 76 |
| 10834 | 66 |
| 10321 | 70 |
| 13906 | 81 |
| 18759 | 77 |
| 12974 | 69 |
| 17186 | 81 |
| 17262 | 63 |
| 17030 | 76 |
| 15655 | 68 |
| 16662 | 79 |
| 10036 | 62 |
| 16471 | 69 |
| 16269 | 79 |
| 17714 | 65 |
| 15179 | 68 |
| 29408 | 90 |
| 16060 | 63 |
| 15980 | 78 |
| 12265 | 68 |
| 14254 | 80 |
| 15594 | 74 |
| 13452 | 73 |
| 12095 | 67 |
| 14817 | 75 |
| 18176 | 68 |
| 14847 | 69 |
| 14624 | 74 |
| 18471 | 83 |
| 13785 | 83 |
| 13380 | 70 |
| 14227 | 73 |
| 13824 | 73 |
| 11915 | 81 |
| 18384 | 62 |
| 16575 | 79 |
| 15453 | 64 |
| 13527 | 63 |
| 16285 | 64 |
| 15307 | 76 |
| 14514 | 75 |
| 12579 | 68 |
| 14772 | 74 |
| 15122 | 63 |
| 15473 | 75 |
| 15719 | 82 |
| 15123 | 76 |
| 16091 | 78 |
| 14874 | 67 |
| 14679 | 74 |
| 13380 | 74 |
| 17630 | 82 |
| 16704 | 80 |
| 13428 | 70 |
| 12101 | 83 |
| 13571 | 71 |
| 13117 | 70 |
| 12183 | 77 |
| 14181 | 82 |
| 15484 | 76 |
| 14478 | 74 |
| 16057 | 78 |
| 15577 | 63 |
| 14588 | 74 |
| 16739 | 80 |
| 15358 | 82 |
| 13913 | 65 |
| 14125 | 84 |
| 12880 | 69 |
| 15720 | 63 |
| 16391 | 77 |
| 15230 | 82 |
| 15972 | 67 |
| 16008 | 78 |
| 15702 | 67 |
| 13049 | 87 |
| 10734 | 82 |
| 18683 | 86 |
| 18203 | 78 |
| 14154 | 61 |
| 14263 | 73 |
| 14163 | 72 |
| 12866 | 69 |
| 12349 | 68 |
| 14472 | 73 |
| 11520 | 66 |
| 14927 | 75 |
| 12136 | 67 |
| 13981 | 70 |
| 11401 | 73 |
| 12852 | 69 |
| 13749 | 71 |
| 13861 | 67 |
| 14603 | 74 |
| 14336 | 62 |
| 13335 | 70 |
| 14400 | 73 |
| 15754 | 77 |
| 16600 | 63 |
| 12758 | 69 |
| 14797 | 82 |
| 14520 | 74 |
| 12959 | 69 |
| 17617 | 81 |
| 12974 | 69 |
| 14981 | 75 |
| 15989 | 78 |
| 14886 | 75 |
| 11331 | 65 |
| 15457 | 77 |
| 14366 | 73 |
| 14083 | 72 |
| 14247 | 73 |
| 15539 | 82 |
| 15190 | 74 |
| 28764 | 86 |
| 10596 | 77 |
| 13844 | 71 |
| 14636 | 63 |
| 14887 | 82 |
| 14232 | 73 |
| 14508 | 62 |
| 12702 | 81 |
| 16195 | 78 |
| 13793 | 77 |
| 12184 | 67 |
| 15796 | 74 |
| 12607 | 68 |
| 13368 | 83 |
| 14787 | 76 |
| 16267 | 61 |
| 17924 | 82 |
| 12524 | 81 |
| 16437 | 79 |
| 14610 | 69 |
| 15227 | 76 |
| 15197 | 75 |
| 13945 | 72 |
| 13461 | 70 |
| 13588 | 63 |
| 14413 | 74 |
| 15600 | 77 |
| 13969 | 72 |
| 15903 | 74 |
| 13549 | 71 |
| 15694 | 77 |
| 17127 | 67 |
| 15257 | 76 |
| 16370 | 67 |
| 14542 | 62 |
| 16317 | 79 |
| 16846 | 80 |
| 14063 | 72 |
| 13904 | 71 |
| 12988 | 70 |
| 16284 | 79 |
| 15128 | 76 |
| 11164 | 66 |
| 16788 | 70 |
- Interpret the statistical significance and effect size of the regression coefficients.
- Discuss what the regression means in practical terms.
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