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Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Coefficients 1186 213.48 Coefficients - 130.46 294.11 Standard Error t Stat 9.575 Does the sign of the coefficient for the variable safety rating make sense? 123.87 21.89 14.26 356.37 P-value 0.0000 9.752 0.0000 -9.149 0.825 0.0000 0.4128

Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Coefficients 1186 213.48 Coefficients - 130.46 294.11 Standard Error t Stat 9.575 Does the sign of the coefficient for the variable safety rating make sense? 123.87 21.89 14.26 356.37 P-value 0.0000 9.752 0.0000 -9.149 0.825 0.0000 0.4128

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O Yes, because it is expected that as the safety rating increases then the cost should also increase. O No. because it is expected that as the safety rating increases then the cost should decrease. Keyboard Shortcuts
Transcribed Image Text:Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O Yes, because it is expected that as the safety rating increases then the cost should also increase. O No. because it is expected that as the safety rating increases then the cost should decrease. Keyboard Shortcuts
Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Coefficients 1186 213.48 Coefficients - 130.46 294.11 Standard Error Does the sign of the coefficient for the variable safety rating make sense? 123.87 21.89 14.26 356.37 t Stat P-value 9.575 0.0000 9.752 0.0000 -9.149 0.0000 0.825 0.4128
Transcribed Image Text:Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Coefficients 1186 213.48 Coefficients - 130.46 294.11 Standard Error Does the sign of the coefficient for the variable safety rating make sense? 123.87 21.89 14.26 356.37 t Stat P-value 9.575 0.0000 9.752 0.0000 -9.149 0.0000 0.825 0.4128
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