Question: Problem 1 : In the linear regression example, we fit the following model data = insurance ) . fit ( ) ins _ model.summary (
Problem : In the linear regression example, we fit the following model
data insurance fit
insmodel.summary
and get the summary shown below:
Based on the model results, answer the following questions.
Note: even if some coefficients are not significant, we keep them in our prediction using
this model.
a If a male is living in the Southwest region, what would be the predicted increase
in medical expenses if his BMI increases by one unit?
b If a female is living in the Northeast region, what would be the predicted increase
in medical expenses if her BMI increases by one unit?
c How much of an increase in medical expenses should be expected if an individual
adopts a child next year?
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