A Regression Analysis Was Applied to Determine the Relationship Between

question 101

Essay

A regression analysis was applied to determine the relationship between a dependent variable and 4 independent variables and the following information was obtained.
R Square = .60
SSR = 4800
Total number of observations, n = 35
​
a.
Fill in all the blanks in the following ANOVA table.
b.
At α = .05, test to determine if the model is significant.
​ ANOVA
$\begin{array} { l l l l l l } & d f & S S & M S & F \\ \text { Regression }&\_\_\_ ?&\_\_\_ ?&\_\_\_ ?&\_\_\_ ?\\\text {Error (residual)} &\_\_\_ ? &\_\_\_ ?&\_\_\_ ?\\\hline\text {Total }&\_\_\_ ? &\_\_\_ ?\\ \end{array}$

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Definitions:

Utility

An economic term denoting the total satisfaction received from consuming a good or service.

Endowment Effect

A mental prejudice in which individuals attribute higher worth to items simply because they possess them.

Prospect Theory

A behavioral economic theory that describes how people make decisions between probabilistic alternatives that involve risk, where the outcomes are known.

Identical Item

A product or object that is exactly the same in every aspect as another, with no variations.