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TABLE 17-9
What are the factors that determine the acceleration time (in sec.)from 0 to 60 miles per hour of a car? Data on the following variables for 171 different vehicle models were collected:
Accel Time: Acceleration time in sec.
Cargo Vol: Cargo volume in cu.ft.
HP: Horsepower
MPG: Miles per gallon
SUV: 1 if the vehicle model is an SUV with Coupe as the base when SUV and Sedan are both 0
Sedan: 1 if the vehicle model is a sedan with Coupe as the base when SUV and Sedan are both 0
The regression results using acceleration time as the dependent variable and the remaining variables as the independent variables are presented below. The various residual plots are as shown below.
The coefficient of partial determination (
)of each of the 5 predictors are,respectively,0.0380,0.4376,0.0248,0.0188,and 0.0312.
The coefficient of multiple determination for the regression model using each of the 5 variables Xj as the dependent variable and all other X variables as independent variables ( )are,respectively,0.7461,0.5676,0.6764,0.8582,0.6632.
-Referring to Table 17-9,what is the value of the test statistic to determine whether HP makes a significant contribution to the regression model in the presence of the other independent variables at a 5% level of significance?
Purchase Decision
A buyer’s decision to purchase something.
Preapproach
The preparatory phase where a salesperson gathers information and plans strategies before engaging with a potential customer.
Buying Center
A group of individuals within an organization who are responsible for making purchasing decisions, including evaluating and selecting products or services.
Vendor Analysis
The process of evaluating suppliers based on various criteria such as price, quality, reliability, and service to make informed procurement decisions.
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