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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 SUV makes a significant contribution to the regression model in the presence of the other independent variables at a 5% level of significance?
Output
The complete volume of goods or services created by a firm, industry, or the economy as a whole.
National Debt
The cumulative sum of funds a nation's government owes due to borrowing, which remains unpaid.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced within its borders.
National Debt
The sum total of finances that a nation's government has amassed in debt via various avenues.
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