In: Statistics and Probability
a) State the Multiple Regression Equation.
b) Interpret the meaning of the slopes of this equation
c)Predict the gasoline mileage for an automobile that has a length of 195 inches and a weight of 3000 pounds.
e)Is there a significant relationship between the gasoline mileage and the two independent variables (Length and weight) at the 0.05 level of significance?
g) Interpret the meaning of the coefficient of multiple determination in this problem
i) At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. Indicate the most appropriate regression model for this set of data.
k) Construct a 95% confidence interval estimate of the population slope between gasoline mileage and weight.
SUMMARY OUTPUT |
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Regression Statistics |
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Multiple R |
0.782187748 |
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R Square |
0.611817673 |
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Adjusted R Square |
0.60186428 |
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Standard Error |
2.952425134 |
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Observations |
121 |
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ANOVA |
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df |
SS |
MS |
F |
Significance F |
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Regression |
3 |
1607.421998 |
535.8073326 |
61.46825227 |
6.20871E-24 |
|
Residual |
117 |
1019.867258 |
8.716814173 |
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Total |
120 |
2627.289256 |
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Coefficients |
Standard Error |
t Stat |
P-value |
Lower 95% |
Upper 95% |
|
Intercept |
42.43290086 |
8.218578926 |
5.163045977 |
1.00728E-06 |
26.15643651 |
58.70936521 |
Length |
-0.00667189 |
0.036217633 |
-0.18421688 |
0.854162226 |
-0.07839902 |
0.065055222 |
Width |
-0.03989444 |
0.182924039 |
-0.21809293 |
0.827736634 |
-0.40216590 |
0.322377022 |
Weight |
-0.00487697 |
0.000600754 |
-8.11807648 |
5.3858E-13 |
-0.00606673 |
-0.00368720 |
(a)Gasoline_mileage(y)=42.4329-0.0067*Length-0.0399*width-0.0049*weight,
(b)there are three independent variables length,width and weight so there are 3 slope corresponding to each variables,
for length the slope is -0.0067, it means mileage will be reduced by 0.0067 units if one unit length is increased and vice-versa, provided other variables width and weight remains fixed (i.e. no change)
similarly there will be reduce in mileage by 0.0399 unit if one unit width is increased and vice-versa, provided other variables length and weight remains fixed
there will be reduce in mileage by 0.0049 unit if one unit weigth is increased and vice-versa, provided other variables length and width remains fixed
(c) answer is 26.4264
here width is not mentioned, so we assume that width is fixed so
Predicted the gasoline mileage for an automobile that has a length of 195 inches and a weight of 3000 pounds would be Gasoline_mileage(y)=42.4329-0.0067*195-0.0049*3000=26.4264
(e) there is significant relationship between gasoline mileage and weight as the p-value= 5.3858E-13 is less than typical level of significance =alpha=0.05, but length is not significant as its p-value=0.8542 is more than 0.05
(g)coefficient of determination=R-square= 0.6118, is the proportion of variability in dependent variable Gasoline_mileage(y) explained by the regression model
(i) Not, each independent variable makes a significant contribution to the regression model. only weight is significantly contributed as its p-value is less than alpha=0.05, other variables length and weight are not significantly contributed.
so we can re-analyze the data using only independent variable weight, for this raw data is needed
(k) the required 95 confidence interval for slope of weight is given as (-0.0061, -0.0037)