The analyst from Exercise, worried about collinearity, regresses Age against Past Spending, Income, and Networth. The output
Question:
Response Variable: Age
R2 = 98.75% Adjusted R2 = 98.74%
s = 2.112 with 908 - 4 = 904 degrees of freedom
What is the VIF for Age?
Transcribed Image Text:
SE(Coeff t-ratio P-value Variable Coeff (Intercept) 2.000e +01 1.490e-01 134.234 <0.0001 Past Spending 3.339e 04 1.828e 04 1.826 0.0681 3.811e-04 /.blue-06 50.079
SE(Coeff t-ratio P-value Variable Coeff (Intercept) 2.000e +01 1.490e-01 134.234 <0.0001 Past Spending 3.339e 04 1.828e 04 1.826 0.0681 3.811e-04 /.blue-06 50.079
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Since the output shows the ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Statistics questions
-
Exercise 17 shows computer output examining the association between the length of a movie and its cost. a) Check the assumptions and conditions for inference. b) Find a 95% confidence interval for...
-
Exercise 18 shows computer output examining the association between the sizes of houses and their sale prices. a) Check the assumptions and conditions for inference. b) Find a 95% confidence interval...
-
For a Student t random variable Y with n degrees of freedom and any positive integer k, show that E(Y 2k ) exists if 2k < n. (Integrals of the form are finite if > 0, > 0, and > 1.) 00 1 dy (1+y")
-
Operating Rules. Indicate whether the following statements are true or false. If the statement is false, explain why. a. Since most corporations make distributions only when they are profitable and...
-
If a good is considered to be a luxury good, does it mean that the law of demand does not hold?
-
Write a program that uses turtle graphics to display a snowman, similar to the one shown in Figure 5-30. In addition to a main function, the program should also have the following functions: ...
-
A PI (Polarization Index) Test of a motor winding is performed and the 10-minute ratio is 3.0. The curve is a perfect parabolic shape. What is the verdict?
-
Nations Trust is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $ 380,000 and each with an eight-year life and expected total net cash flows of...
-
Pina is a manufacturer with a purpose: it creates durable, yet affordable, duffel bags with many functional pockets and accessories to encourage people of all ages to travel. In the process of making...
-
Create a list of at least 10 books (Title, Author, Price, Book_id) with the following functions: 1) Sequential insert in the list on the basis of Book_id 2) Sequential delete in the list and then...
-
The analyst in Exercise fits the model with the four predictor variables. The regression output shows: Response Variable: Spending R2 = 84.92% Adjusted R2 = 84.85% s = 48.45 with 908 - 5 = 903...
-
If the VIF for Networth in the regression of Exercise 11 was 20.83, what would the R2 be from the regression of Networth on Age, Income, and Past Spending? In exercise Income Net Worth Age Past...
-
Draper Dynamics finances its operations with $30,000,000 in debt and $50,000,000 in stockholders' equity. The debt carries a 6% interest rate, and stockholders require a 12% return. Required What is...
-
List the four elements which specify the size of the Lathe.
-
Write advantages and disadvantages of Vapor Compression Cycle over Air Refrigeration Cycle.
-
The pressure difference across the wall of a blood vessel is called transmural pressure. Suppose an aorta of radius \(11 \mathrm{~mm}\) has a transmural pressure of \(12 \mathrm{kPa}\) and a...
-
Find the expression for the work done by impeller of a centrifugal pump on water per second per unit weight of water.
-
Explain the structure and working of four-stroke diesel engine with a neat sketch.
-
Yasmeen purchases stock on January 30, 2019. If she wishes to achieve a long-term holding period, what is the first date that she can sell the stock as a long-term gain? a. January 20, 2020 b....
-
Tiger, Inc. signed a lease for equipment on July 1, 2007.The lease is for 10 years (the useful life of the asset).The first of 10 equal annual payments of $500,000 was made on July 1, 2007.The...
-
Condensation rates can be restricted by the speed of sound of the vapor phase. Hence, condensation can approach a sonic limit. Consider an \(S=2 \mathrm{~mm}\) wide, \(L=200 \mathrm{~mm}\) long...
-
a. Use the data given to test the following hypotheses. b. Use the p-value to reach a statistical conclusion. c. Using the critical value method, what are the critical sample meanvalues? Ho: = 25...
-
Use the data given to test the following hypotheses. Assume the data are normally distributed in thepopulation. Ho: -7.48 Ha: < 7.48 x = 6.91, n 24, 1.21, = .01
-
a. Use the data given to test the following hypotheses. b. Use the p-value to obtain the results. c. Solve for the critical value required to reject themean. : = 1200 Ha: > 1200 x 1215, n-113, =...
-
The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
A simply supported girder bridge is to support vehicular loads. It is anticipated that the worst load will come from a three-axle truck shown in Figure I below. Assuming the self-weight of the girder...
Study smarter with the SolutionInn App