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TABLE 15-5
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.
ANOVA
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 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 15-5, 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?
Managers
Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards achieving business goals.
Sole Proprietorship
A sole proprietorship where the business and the owner are legally considered the same entity, operated by only one person.
Death
The end of life in biological organisms; not applicable in a financial or economic context unless metaphorically used.
Partnership
A type of business organization in which two or more individuals own and operate the business, sharing its profits and liabilities.
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