Math Problem Statement

Statistical software was used to fit the model

Upper E left parenthesis y right parenthesisE(y)equals=beta 0 plus beta 1 x 1 plus beta 2 x 2β0+β1x1+β2x2

to

nequals=2020

data points. Complete parts a through

h.

LOADING...

Click the icon to see the software output.

Question content area bottom

Part 1

a. What are the sample estimates of

beta 0β0​,

beta 1β1​,

and

beta 2β2​?

ModifyingAbove beta with caret 0β0

equals=

ModifyingAbove beta with caret 1β1

equals=

ModifyingAbove beta with caret 2β2

equals=

​(Type integers or​ decimals.)The regression equation is

Yequals=1864.4 minus 759.33 x 1 minus 355.07 x 21864.4−759.33x1−355.07x2

PredictorPredictor

nbsp Coef Coef

nbsp SE Coef SE Coef

Upper TT

Upper PP

ConstantConstant

1864.41864.4

347.11347.11

5.375.37

0.0000.000

Upper X 1X1

negative 759.33−759.33

191.89191.89

negative 3.96−3.96

0.0010.001

Upper X 2X2

negative 355.07−355.07

312.22312.22

negative 1.14−1.14

0.2720.272

Sequals=317.342317.342  

​R-sqequals=53.053.0​%

​ R-sq(adj)equals=47.047.0​%

Analysis of Variance

SourceSource

DF

SS

MS

F

P

RegressionRegression

22

1 comma 899 comma 8191,899,819

949 comma 910949,910

9.439.43

0.0020.002

Residual ErrorResidual Error

1717

1 comma 712 comma 0051,712,005

100 comma 706100,706

TotalTotal

1919

3 comma 611 comma 8243,611,824

pop-up content ends

PrintDone

Solution

To answer the parts of the question systematically, let’s start with Part a: identifying the sample estimates of β0\beta_0, β1\beta_1, and β2\beta_2. These estimates are taken directly from the software output.

a. Sample Estimates of β0\beta_0, β1\beta_1, and β2\beta_2:

From the regression equation and the table of coefficients:

  1. β^0=1864.4\hat{\beta}_0 = 1864.4 (Constant)
  2. β^1=759.33\hat{\beta}_1 = -759.33 (Coefficient of X1X_1)
  3. β^2=355.07\hat{\beta}_2 = -355.07 (Coefficient of X2X_2)

Thus: β^0=1864.4,β^1=759.33,β^2=355.07\hat{\beta}_0 = 1864.4, \quad \hat{\beta}_1 = -759.33, \quad \hat{\beta}_2 = -355.07

Next Steps:

Would you like me to move forward with additional parts, such as evaluating significance, interpreting the results, or analyzing R2R^2 and ANOVA values? Let me know!

Five Follow-Up Questions:

  1. How do you interpret the coefficients (β1\beta_1 and β2\beta_2) in the context of the regression model?
  2. What does the p-value of each predictor tell us about its significance in the model?
  3. How do the R2R^2 and adjusted R2R^2 values influence your interpretation of the model's fit?
  4. What is the meaning of the residual standard error (SS) in the context of this model?
  5. Can you assess the overall model significance from the ANOVA FF-statistic and p-value?

Tip:

Always consider both the magnitude and the p-value of regression coefficients when evaluating their impact on the dependent variable. This ensures you consider practical significance alongside statistical significance.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Regression Analysis
Linear Models
Statistical Inference

Formulas

E(y) = β0 + β1x1 + β2x2
Regression Coefficient Estimates: β_hat = Coef
R-squared (R^2) = 1 - (SS_residual / SS_total)
F-statistic = MS_regression / MS_residual

Theorems

Least Squares Estimation
Significance Testing using p-values
Coefficient of Determination (R-squared)

Suitable Grade Level

Undergraduate Statistics