Question: Please help me determine the answer to the question below Check my work Refrigerator prices are affected by characteristics such as whether or not the

Please help me determine the answer to the question below

Please help me determine the answer to the question below Check my

Check my work Refrigerator prices are affected by characteristics such as whether or not the refrigerator is on sale, whether or not it is listed as a Sub- Zero brand, the number of doors (one door or two doors), and the placement of the freezer compartment (top, side, or bottom). The table below shows the regression output from a regression model using the natural log of price as the dependent variable. The model was developed by the Bureau of Labor Statistics. Variable Coefficient Standard Error t Statistic Intercept 5 . 5800 0 . 12871 43 . 35 Sale price -0. 0733 0 . 0223 -3 . 29 Sub-Zero brand 1. 0424 0 . 1472 7. 08 Total capacity (in cubic ft ) 0 . 06894 0. 00563 12 . 25 COS Two-door, freezer on bottom 0 . 05198 0. 07124 0 . 73 Two-door, side freezer Base Two-door, freezer on top -0. 3595 0. 03694 -9. 73 One door with freezer -0. 6585 0. 1274 -5 . 17 One door, no freezer -0 . 8435 0. 1565 -5 . 39 (a) Write the regression model, being careful to exclude the base indicator variable. (Negative amounts should be indicated by a minus sign. Round your answers to 4 decimal places.) In(Price) = SalePrice + Sub-Zero + Capacity + 2DoorFzBot + 2DoorFzTop + 1DoorFz + 1DoorNoFZ (b) Find the p-value for each coefficient, using 303 degrees of freedom. Using an a - .01, which predictor variable(s) are not significant predictors? (Leave no cells blank - be certain to enter "O" wherever required. Round your answers to 4 decimal places.)

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!