Top Posters
Since Sunday
k
4
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
New Topic  
bmh12e bmh12e
wrote...
Posts: 130
Rep: 0 0
3 weeks ago
Use the following to answer the questions below:

Does the price of used cars depend upon the model? Data were collected on the selling price and age of used Hyundai Elantras (coded as Model = 1) and Toyota Camrys (coded as Model = 0). Output from the multiple regression analysis is provided.

The regression equation is Price = 14.5 - 0.619 Age - 3.63 Model

PredictorCoefSE CoefTP
Constant14.46480.705920.490.000
Age-0.619220.04903-12.630.000
Model-3.63430.7584-4.790.000
S = 2.63465        R-Sq = 69.3%        R-Sq(adj) = 68.4%

Analysis of Variance

SourceDFSSMSFP
Regression21142.13571.0682.270.000
Residual Error73 506.726.94
Total751648.85

Is the model effective according to the ANOVA test? Use α = 0.05. Include all details of the test.
Textbook 
Statistics: Unlocking the Power of Data

Statistics: Unlocking the Power of Data


Edition: 3rd
Authors:
Read 14 times
1 Reply
Replies
Answer verified by a subject expert
kniemeier2kniemeier2
wrote...
Posts: 158
Rep: 0 0
3 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bmh12e Author
wrote...

3 weeks ago
Correct Slight Smile TY
wrote...

Yesterday
Thanks
ky
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1025 People Browsing
Related Images
  
 1674
  
 265
  
 1060