Is this an effective model for predicting horse prices? Write down the relevant hypotheses as well as

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Is this an effective model for predicting horse prices? Write down the relevant hypotheses as well as a conclusion based on the ANOVA table.


Use information in the ANOVA table below, which comes from fitting a multiple regression model to predict the prices for horses (in $1000s).

Source Regression Residual Error Total DF SS MS 4327.7 5671.4 1442.6 131.9 10.94 0.000 43 46 9999.1

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Statistics Unlocking The Power Of Data

ISBN: 9780470601877

1st Edition

Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock

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