2)
y^= 401.0069 - 88.3314 PCP + 0.010979 Income + 278.8516 ADE +
68.66415 PFBG
3)
slope coefficient - when x is increased by 1 unit keeping other
variables constant
then y changes by amount of coeffienct
hence
if PCP in increased by 1 unit, y decreases by 88.3314 units .
similarly others
6)
R^2 = 0.9731
hence 97.31 % of variation is explaiend by this model
7)
if |t-stats| > critical value
then we reject the null hypothesis
df =20
critical value = =t.inv.2t(0.05,20)
= 2.085
we conclude that variable is significant
here PCP and ADE are significant
Income and PFBG are not
Please post Q4,5,8,9 again
You can write on top to ask them to solve these questions specifically
We have to solve one question or 4 sub-parts at one time
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