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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. SCENARIO 18-9 cont. The various residual plots are as shown below.
SCENARIO 18-9 cont.
SCENARIO 18-9 cont.
The coefficient of partial determination
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
as the dependent variable and all other X variables as independent variables (
)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.
Processed
Refers to items or data that have been altered, refined, analyzed, or prepared through a series of actions for a specific use or purpose.
Disbursement Float
The time lag between when a check is issued and when the funds are actually withdrawn from the issuer’s account.
Clear
To finalize or settle a transaction or an obligation, especially in the context of financial transactions.
Disbursement Float
The time difference between the issuance of a payment and when the funds are actually debited from the payer’s account.
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