Question: Which explanatory variable has the LEAST signifiant relationship with FARE? Variables used in this multiple regression model: FARE: response (dependent) variable - average fare price

Which explanatory variable has the LEAST signifiant relationship with FARE?

Which explanatory variable has the LEAST signifiant relationship with FARE? Variables used

Variables used in this multiple regression model: FARE: response (dependent) variable - average fare price ($) on that route DISTANCE: distance between the two endpoint airports in miles PAX: number of passengers on the route during the period of data collection SWA: whether Southwest Airlines serves that route (Yes) or not (No) VACATION: whether a vacation route (Yes) or not (No); Florida and Las Vegas routes are generally considered vacation routes HI: Herfindahl Index - a measure of market concentration SUMMARY OUTPUT Regression Statistics Multiple R 0.8567 R Square 0.7339 Adjusted R Square 0.7318 Standard Error 39.3716 Observations 638 ANOVA df SS MS F Significance F Regression 5 2701807.711 540361.542 348.5929 5.5794E-179 Residual 632 979676.999 1550.122 Total 637 3681484.709 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 86.67589 7.08935 12.2262 5.2751E-31 72.7544 100.5974 DISTANCE 0.07751 0.00269 28.8351 2.4522E-117 0.0722 0.0828 PAX -0.00011 0.00012 -0.9381 0.3485 -0.0004 0.0001 SWA=YES -61.42324 3.54152 -17.3438 2.0809E-55 68.3778 -54.4687 VACATION=YES 52.21338 3.57526 -14.6041 7.8163E-42 59.2342 -45.1926 HI 0.00735 0.00099 7.3950 4.5121E-13 0.0054 0.0093 4

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