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.
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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
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PrintDone
Solution
To answer the parts of the question systematically, let’s start with Part a: identifying the sample estimates of , , and . These estimates are taken directly from the software output.
a. Sample Estimates of , , and :
From the regression equation and the table of coefficients:
- (Constant)
- (Coefficient of )
- (Coefficient of )
Thus:
Next Steps:
Would you like me to move forward with additional parts, such as evaluating significance, interpreting the results, or analyzing and ANOVA values? Let me know!
Five Follow-Up Questions:
- How do you interpret the coefficients ( and ) in the context of the regression model?
- What does the p-value of each predictor tell us about its significance in the model?
- How do the and adjusted values influence your interpretation of the model's fit?
- What is the meaning of the residual standard error () in the context of this model?
- Can you assess the overall model significance from the ANOVA -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.
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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
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