An insurance company analyst is interested in analyzing the dollar value of dama

Question

An insurance company analyst is interested in analyzing the dollar value of damage in automobile accidents. She collects data from 115 accidents, and records the amount of damage as well as the age of the driver. The results of her regression analysis are listed below SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error5652.090 0.187 0.035 0.026 ations 115.000 ANOVA MS F Significance Regression Residual Total 130433116.219 130433116.219 4.083 0.046 113 3609911959.868 31946123.539 114 3740345076.087 Coefficient Standard Error StatP-value Intercept Age 6.987 2.021 10725.802 1535.215 0.000 0.046 69.964 34.625 The regression equation is: A. y= 10725.802 + 69.964x B. y 114+ 113x Cy 1535.215 34.625 x D y 113+ 114x

Explanation / Answer

from above as coefficient for intercept bo=10725.802 and for slope b1 =69.964

therefore regression equation is option A is correct

please revert for any other subparts.

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