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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 MPG makes a significant contribution to the regression model in the presence of the other independent variables at a 5% level of significance.
Electronic Transmission
The process of transferring data or documents over electronic networks, such as the internet or email.
Initial Investment
Initial investment refers to the amount of money used to start a business venture, purchase capital assets, or invest in a project.
Internal Rate Of Return
A financial metric used to evaluate the profitability of potential investments, based on the net present value of cash flows.
Quantitative Factors
Measurable aspects that can be numerically expressed and analyzed, often used in decision making and financial analysis.
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