Examlex
SCENARIO 18-9
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 ( R2 yj.(All variables except j ) )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 X j as the dependent variable and all other X variables as independent variables ( R2 j )are,respectively, 0.7461,0.5676,0.6764,0.8582,0.6632.
-Referring to Scenario 18-9,there is enough evidence to conclude that HP makes a significant contribution to the regression model in the presence of the other independent variables at a 5% level of significance.
Radical
A symbol (√) representing the square root or nth root of a number or expression.
Square Root
A value that, when multiplied by itself, gives the original number. It is often represented by the radical symbol \(\sqrt{}.\)
Simplify
The process of reducing an expression into its simplest form, making it easier to work with.
Simplify
To make something less complex or complicated, making it easier to understand or solve.
Q26: Referring to Scenario 19-4,suppose the sample mean
Q27: A process is said to be out
Q66: Which of the following is a method
Q79: The difference between expected payoff under certainty
Q80: Referring to Scenario 20-5,what is the coefficient
Q104: Referring to Scenario 17-4,the highest mean weekend
Q115: In using the maximax criteria one chooses
Q121: For a potential investment of $5,000,a portfolio
Q133: Referring to Scenario 16-5,the number of arrivals
Q151: Referring to Scenario 16-5,the number of arrivals