Question

In: Statistics and Probability

a) State the Multiple Regression Equation. b) Interpret the meaning of the slopes of this equation...

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

Regression Statistics

Multiple R

0.782187748

R Square

0.611817673

Adjusted R Square

0.60186428

Standard Error

2.952425134

Observations

121

ANOVA

                df

SS

MS

F

Significance F

Regression

3

1607.421998

535.8073326

61.46825227

6.20871E-24

Residual

117

1019.867258

8.716814173

Total

120

2627.289256

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

Solutions

Expert Solution

(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)


Related Solutions

1.Interpret the following results of multiple regression. Interpret each statistic (b and beta) for each independent...
1.Interpret the following results of multiple regression. Interpret each statistic (b and beta) for each independent variable and the intercept. Provide a complete interpretation using the five-step model of hypothesis testing. Regression: The Relationship Between Number of Math Courses Taken, High School Grade Point Average, College Grade Point Average and Score on Stat Final                Variables Entered/Removed(b) Model Variables Entered Variables Removed Method 1 Number of Math Courses taken, High School Grade Point Average, College Grade Point Average(a) . Enter...
how is the interpretation of slopes in multiple regression model different from simple regression slope? How...
how is the interpretation of slopes in multiple regression model different from simple regression slope? How repeated measures ANOVA control for individual differences?
DEFINE THE COMPONENTS OF A GENERAL MULTIPLE REGRESSION EQUATION. IN A MULTIPLE REGRESSION ANOVA TABLE, THE...
DEFINE THE COMPONENTS OF A GENERAL MULTIPLE REGRESSION EQUATION. IN A MULTIPLE REGRESSION ANOVA TABLE, THE DEGREES OF FREDOM FOR THE REGRESSION IS EQUAL TO: THE TEST TO CONFIRM WHETHER THE DEPENDENT VARIABLE CAN BE ESTIMATED WITHOUT RELYING ON THE INDEPENDENT VARIABLES IS REFERRED TO AS: WHAT STATISITIC WOULD WE USE FOR TESTING TO SEE IF AT LEAST ONE INDEPENDENT REGRESSION COEFFICIENTS IS SIGNIFICANT? TO TEST INDEPENDENT VARIABLES INDIVIDUALLY TO DETERMINE WHETHER THE REGRESSION COEFFICIENTS DIFFER FROM ZERO WOULD BE:...
DEFINE THE COMPONENTS OF A GENERAL MULTIPLE REGRESSION EQUATION. IN A MULTIPLE REGRESSION ANOVA TABLE, THE...
DEFINE THE COMPONENTS OF A GENERAL MULTIPLE REGRESSION EQUATION. IN A MULTIPLE REGRESSION ANOVA TABLE, THE DEGREES OF FREDOM FOR THE REGRESSION IS EQUAL TO: THE TEST TO CONFIRM WHETHER THE DEPENDENT VARIABLE CAN BE ESTIMATED WITHOUT RELYING ON THE INDEPENDENT VARIABLES IS REFERRED TO AS: WHAT STATISITIC WOULD WE USE FOR TESTING TO SEE IF AT LEAST ONE INDEPENDENT REGRESSION COEFFICIENTS IS SIGNIFICANT? TO TEST INDEPENDENT VARIABLES INDIVIDUALLY TO DETERMINE WHETHER THE REGRESSION COEFFICIENTS DIFFER FROM ZERO WOULD BE:...
b) Use a multiple regression model with dummy variables as follows to develop an equation to...
b) Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data: Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank (Example: -300). If the constant...
Interpret the tables below: R, R square interpret the regression coefficients, either b or beta.   ...
Interpret the tables below: R, R square interpret the regression coefficients, either b or beta.    Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .625a .390 .390 17.5048 1.978 a. Predictors: (Constant), HIGHEST YEAR OF SCHOOL COMPLETED, FAMILY INCOME IN CONSTANT DOLLARS b. Dependent Variable: R's socioeconomic index (2010) Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) -9.124 1.774 -5.142 .000 FAMILY...
In a multiple linear regression with 40 observations, the following sample regression equation is obtained: yˆy^...
In a multiple linear regression with 40 observations, the following sample regression equation is obtained: yˆy^ = 12.5 + 2.4x1 − 1.0x2 with se = 5.41. Also, when x1 equals 16 and x2 equals 5, se(yˆ0)se(y^0) = 2.60. [You may find it useful to reference the t table.] a. Construct the 95% confidence interval for E(y) if x1 equals 16 and x2 equals 5. (Round intermediate calculations to at least 4 decimal places, "tα/2,df" value to 3 decimal places, and...
The following regression equation was estimated: Y = -2.0 + 4.6X. Please explain the meaning of...
The following regression equation was estimated: Y = -2.0 + 4.6X. Please explain the meaning of -2 and 4.6. What would be the value of Y if X = 20. Just 20 min
1. What would the regression output (analysis) look like using this multiple regression equation and the...
1. What would the regression output (analysis) look like using this multiple regression equation and the following data? Daily Gross Revenue= total daily income+b1*daily tour income+b2*number of tourists+b3*Friday+b4*Saturday 2. What's the multiple regression equation with the numbers from the output? Years Weekend Daily Tour Income Number of Tourists Daily Gross Revenue Total Daily Income 1 Friday 3378 432 4838.95 8216.95 1 Saturday 1198 139 3487.78 4685.78 1 Sunday 3630 467 4371.3 8001.3 2 Friday 4550 546 6486.48 11036.48 2 Saturday...
9) Use the following data to estimate a linear regression equation between y and x. Interpret...
9) Use the following data to estimate a linear regression equation between y and x. Interpret the estimated slope coefficient. Predict y for an x value of 9. Calculate and interpret the model’s R-squared. x y 21 12 17 10 11 8 3 5 13 15
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT