Instruction 13-8
You Worked as an Intern at We Always

question 171

Short Answer

Instruction 13-8
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premium depends very much on the age of the individual,the number of traffic tickets received by the individual,and the population density of the city in which the individual lives.You performed a regression analysis in Microsoft Excel and obtained the following information:
$\begin{array}{l}\text { Regression Analysis }\\\begin{array}{lr}\hline {\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.63 \\\text { R Square } & 0.40 \\\text { Adjusted R Square } & 0.23 \\\text { Standard Error } & 50.00 \\\text { Observations } & 15.00 \\\hline\end{array}\end{array}$
ANOVA
$\begin{array}{lrrrrrr}\hline & d f & & S S & M S & F & \text { Significance } F \\\hline \text { Regression } & 3 & & 5994.24 & 2.40 & 0.12 \\\text { Residual } & 11 & 27496.82 & & & \\\text { Total } & & & 45479.54 & & & \\\hline\end{array}$

$\begin{array}{lrrrrrrr}\hline & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & t \text { Stat } & P \text {-value } & \text { Lower 99.0\% } & \text { Upper 99.0\% } \\\hline \text { Intercept } & 123.80 & 48.71 & 2.54 & 0.03 & -27.47 & 275.07 \\\text { AGE } & -0.82 & 0.87 & -0.95 & 0.36 & -3.51 & 1.87 \\\text { TICKETS } & 21.25 & 10.66 & 1.99 & 0.07 & -11.86 & 54.37 \\\text { DENSITY } & -3.14 & 6.46 & -0.49 & 0.64 & -23.19 & 16.91 \\\hline\end{array}$
-Referring to Instruction 13-8,the standard error of the estimate is ________.

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Definitions:

Hidden Curriculum

The unwritten, informal, and often unintended lessons, values, and perspectives that students learn in school alongside the formal curriculum.

Gender Stratification

The uneven allocation of riches, authority, and advantages among different genders within a community.

Performativity

A theory that suggests identity is constructed through the performance of actions in accordance with societal norms and expectations.

Ethnomethodological

Pertaining to ethnomethodology, a sociological perspective focused on the way people make sense of their everyday lives through the use of common-sense knowledge and procedures.