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A major car magazine has recently collected data on 30 leading cars in the U.S.market.It is interested in building a multiple regression model to explain the variation in highway miles.The following correlation matrix has been computed from the data collected:
The analysts also produced the following multiple regression output using curb weight,cylinders,and horsepower as the three independent variables.Note,a number of the output fields are missing,but can be determined from the information provided.
Based on the information provided,the 95 percent confidence interval estimate for regression slope coefficient for horsepower is approximately - 0.041 to 0.009 and since this interval crosses zero,we are unable to conclude that the regression slope coefficient for this variable is different from zero.
State Corporation Laws
Regulations established by individual states governing the formation, operation, and dissolution of corporations within their jurisdiction.
Comprehensive Income Items
Components of comprehensive income that represent all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Revaluation Surplus
The increase in value of an asset, over its previously recorded cost, reflected in the financial statements.
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The amount received by a company over and above the face value of its shares when issuing them.
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