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TABLE 13-16
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 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 (Rj2) are, respectively, 0.7461, 0.5676, 0.6764, 0.8582, 0.6632.
-Referring to Table 13-16, what is the p-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?
Delegator
A party that assigns tasks, responsibilities, or authority to another party, typically in a contractual or employment relationship.
Assignor
The party in a contract who transfers their rights or interests in a property or agreement to another party, known as the assignee.
Assignee
An individual or entity to whom rights or interests have been transferred by another party, known as the assignor.
Agent
An individual authorized to act on behalf of another person or entity, typically in business or legal matters.
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