7. (2 points) Based on the output, what is the independent variable? What is the

Question

7. (2 points) Based on the output, what is the independent variable? What is the dependent variable?

8. (5 points) Use the output provided to estimate the model. Write down the equation and report the results. Be sure to include standard errors.

9. (3 points) Interpret the slope coefficient. What does this coefficient tell you? Is this variable statistically significant?

10. (3 points) Interpret the R-squared in this regression.

xhibit C 11,064 2.36 0.1244 0.0002 0.0001 102.1 Source df MS Number of obs F (1, 11062) Mode ? Residual 24610.2016 115312854 1 24610.2016 Prob > F 11,062 10424.2319R-squared Adj R-squared- Total 115337464 11,063 10425.5142 Root MSE coach fare Coef. Std. Err. [95% Conf. Interval] herf 6.671918 4.342253 248.2913 3.174246 1.54 0.124 78.220.000 1.839673 242.0692 15.18351 254.5134 cons

Explanation / Answer

7) Independent Variable = Herf

Depedent variable = Coach_fare

8)

Coach_fare = 6.672*Herf + 248.291

(4.342) (3.174)

9) For every one unit increase in herf, will increase coach_fare by $6.672

p- value is greater than 0.05, so this variable is not statistically significant

10)R squared = 0.02

2% of the variance in depedent variable is explained by the variance in independent variable

Related Questions

Navigate

• Browse (All)
• Browse 7
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.