SCENARIO 18-9 What Are the Factors That Determine the Acceleration Time (In

question 226

Short Answer

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,what is the p-value of the test statistic to determine whether Cargo Vol makes a significant contribution to the regression model in the presence of the other independent variables at a 5% level of significance?

---

Definitions:

Activity-Based Costing

Accounting practice that assigns costs to products or services based on the precise resources they consume, offering more accuracy in costing.

Receiving Calls

The action or process of answering or accepting incoming telephone calls.

Time-Driven

Refers to a method or model that bases calculations, decisions, or processes on the passage of time, often focusing on efficiency and scheduling.

Tech Support

A service provided by companies to help their customers with technical problems or issues related to their products or services.