Solved

Exhibit 14-2The Station Manager of a Local Television Station Is

Question 24

Essay

Exhibit 14-2The station manager of a local television station is interested in predicting the amount of television (in hours) that people will watch in the viewing area. The explanatory variables are: X1 age (in years), X2 education (highest level obtained, in years) and X3 family size (number of family members in household). The multiple regression output is shown below:
 Summary measures  Multiple R 0.8440 R-Square 0.7123 Adi R-Square 0.6644 StErr of 0.5598 Estimate \begin{array}{l}\text { Summary measures }\\\begin{array}{ll}\hline \text { Multiple R } & 0.8440 \\\text { R-Square } & 0.7123 \\\text { Adi R-Square } & 0.6644 \\\text { StErr of } & 0.5598 \\\text { Estimate } & \\\hline\end{array}\end{array}

 ANOVA Table  Source dfSSMSFp-value  Explained 313.96824.656114.85640.0000 Unexplained 185.64130.3134\begin{array}{l}\text { ANOVA Table }\\\begin{array}{l|lllll}\hline \text { Source } & d f & S S & M S & F & p \text {-value } \\\hline \text { Explained } & 3 & 13.9682 & 4.6561 & 14.8564 & 0.0000 \\\text { Unexplained } & 18 & 5.6413 & 0.3134 & & \\\hline\end{array}\end{array}


 Regression coefficients  Coefficient  StdErr  t-value p-value  Constant 1.6831.16961.43890.1674 Age 0.04980.01992.50180.0222 Education 0.21350.05034.24260.0005 Family Size 0.04050.07840.51680.6116\begin{array}{l}\underline{\text { Regression coefficients }}\\\begin{array}{l|llll|}\hline & \text { Coefficient } & \text { StdErr } & \text { t-value } & p \text {-value } \\\hline \text { Constant } & 1.683 & 1.1696 & 1.4389 & 0.1674 \\\text { Age } & -0.0498 & 0.0199 & -2.5018 & 0.0222 \\\text { Education } & 0.2135 & 0.0503 & 4.2426 & 0.0005 \\\text { Family Size } & 0.0405 & 0.0784 & 0.5168 & 0.6116 \\\hline\end{array}\end{array}


-Refer to Exhibit 14-2. Use the information above to estimate the linear regression model.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents