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An actuary wanted to develop a model to predict how long individuals will live. After consulting a number of physicians, she collected the age at death (y), the average number of hours of exercise per week ( ), the cholesterol level ( ), and the number of points by which the individual's blood pressure exceeded the recommended value ( ). A random sample of 40 individuals was selected. The computer output of the multiple regression model is shown below:
THE REGRESSION EQUATION IS
ŷ = se = 9.47 R2 = 22.5%. Is there enough evidence at the 5% significance level to infer that the cholesterol level and the age at death are negatively linearly related?
Lump Sum Payment
A single payment made at a particular time, as opposed to a series of payments made over time.
Leisure
Free time available to an individual excluding time spent on work, essential activities, or commitments.
Bushel
A volume measure used in agriculture, particularly in the United States, equivalent to 8 dry gallons or about 35.24 liters.
Consumption
The use of goods and services by households or individuals for personal needs or to satisfy their utility.
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