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You are given different sets of Stata output below. Please use the appropriate Stata output to answer questions below.log pri

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Answer #1

log_price = 8.381284 - 0.0107765 mpg + 0.0002239 + 0.0132012 trunk - 0.1232495 headroom

For us to see if headroom and trunk have any effect on price, we look at their P>|t|

For trunk:

Since the probability of rejecting null hypothesis that trunk has no effect on price is 35.6% (which is more than widely accpeted 5% level of significance) we can safely say that trunk has no effect on log_price

For headroom:

Since the probability of rejecting null hypothesis that headroom has no effect on price is 4.6% (which is less than widely accpeted 5% level of significance) we can safely say that headroom has significant effect on log_price

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