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A Local Parent Group Was Concerned with the Increasing Cost

question 25

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A local parent group was concerned with the increasing cost of school for families with school aged children.The parent group was interested in understanding the relationship between the academic grade level for the child and the total costs spent per child per academic year.They performed a multiple regression analysis using total cost as the dependent variable and academic year (x1) as the independent variables.The multiple regression analysis produced the following tables.  Coefficients  Stardard Error t Statistic p-value  Intercept 707.9144435.11831.6269470.114567x12.90330781.628020.0355680.971871x1211.912973.8062113.1298780.003967\begin{array} { | c | c | c | c | c | } \hline & \text { Coefficients } & \text { Stardard Error } & t \text { Statistic } & p \text {-value } \\\hline \text { Intercept } & 707.9144 & 435.1183 & 1.626947 & 0.114567 \\\hline \boldsymbol { x } _ { 1 } & 2.903307 & 81.62802 & 0.035568 & 0.971871 \\\hline \mathbf { x } _ { 1 } { } ^ { 2 } & 11.91297 & 3.806211 & 3.129878 & 0.003967 \\\hline\end{array}  df  Ss  Ms Fp-value  Regression 2320551531602757747.345571.49E09 Residual 279140128338523.3 Total 2941195281\begin{array} { | c | c | c | c | c | c | } \hline & \text { df } & \text { Ss } & \text { Ms } & F & p \text {-value } \\\hline \text { Regression } & 2 & 32055153 & 16027577 & 47.34557 & 1.49 \mathrm { E } - 09 \\\hline \text { Residual } & 27 & 9140128 & 338523.3 & & \\\hline \text { Total } & 29 & 41195281 & & & \\\hline\end{array} For a child in grade 5 (x1= 5) , the predicted value of y is ____________.

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Definitions:

Information Gatherer

An individual or tool that collects data and information from various sources for analysis or decision-making purposes.

Influencer

A person with the ability to affect the purchasing decisions of others because of their authority, knowledge, position, or relationship with their audience, often utilized in marketing.

Vacation Decision

The process individuals or groups go through to choose destinations, accommodations, and activities for vacation based on factors such as budget, interests, and timing.

Family Life Cycle

A series of stages through which a family might pass over time, from singlehood to partnering, parenting, and eventually retirement.

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