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Does the sign of the coefficient for the variable safety rating make sense? Answer O No, because it is expected that as safety rating increases then the price should also increase. . O No, because it is expected that as safety rating increases then the price should decrease. O Yes, because it is expected that as safety rating increases then the price should also increase. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables

Does the sign of the coefficient for the variable safety rating make sense? Answer O No, because it is expected that as safety rating increases then the price should also increase. . O No, because it is expected that as safety rating increases then the price should decrease. O Yes, because it is expected that as safety rating increases then the price should also increase. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables

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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Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Intercept Age (Year) Mileage (in Thousands) Safety Rating Answer Coefficients 43835.55 -22054.93 - 1367.12 1579.51 Does the sign of the coefficient for the variable safety rating make sense? Coefficients Standard Error 5654.62 2346.59 111.37 176.75 t Stat 7.752 -9.399 . - 12.276 8.937 P-value 0.0000 0.0000 0.0000 0.0000 O No, because it is expected that as safety rating increases then the price should also increase. O No, because it is expected that as safety rating increases then the price should decrease. O Yes, because it is expected that as safety rating increases then the price should also increase. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables Ke Keyboard She
Transcribed Image Text:Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Intercept Age (Year) Mileage (in Thousands) Safety Rating Answer Coefficients 43835.55 -22054.93 - 1367.12 1579.51 Does the sign of the coefficient for the variable safety rating make sense? Coefficients Standard Error 5654.62 2346.59 111.37 176.75 t Stat 7.752 -9.399 . - 12.276 8.937 P-value 0.0000 0.0000 0.0000 0.0000 O No, because it is expected that as safety rating increases then the price should also increase. O No, because it is expected that as safety rating increases then the price should decrease. O Yes, because it is expected that as safety rating increases then the price should also increase. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables Ke Keyboard She
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