Question

30. The following regression equation was obtained using the five independent variables. Given that a- 0.05 The regression equation is sales-19.7-0.00063 outlets + 1.74 cars+0.410 income+ 2.04 age - 0.034 bosses Predictor Constant outlets cars Coef -19.672 -0.000629 1.7399 0.40994 2.0357 -0.0344 SE Coef 5.422 0.002638 0.5530 0.04385 0.8779 0.1880 -3.63 -0.24 3.15 9.35 2.32 -0.18 0.022 0.823 0.035 0.001 0.081 0.864 ncome age bosses S1.507 R-Sq 99.4% R-Sq (adj) -98.7% - Analysis of Variance Source Regression Residual Error Total MS 318.76 2.27 DF 140.36 0.000 1593.81 9.08 1602.89 (Minitab Software) a) What percent of the variation is explained by the b) What is the standard error of regression? 2 regression equation? c) Write the estimated equation d) What is the critical value of the F-statistic? e) What sample size is used in the print out? f) What is the variance of the slope coefficient of income? g) Assuming that you are using a two-tailed test make a decision using the computed P-value

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Answer 1

As per HOMEWORKLIB RULES we should answer only the first four sub parts of the question. But I have answered all of these. So please upvote my answer if you like it