The data regarding cost and related variables of a promotional insert in major magazines is given in the Table below. The multiple regression output is given below. Answer the questions that follow.

(A) Write down the Multiple Regression equation. (
B) What is the predicted cost of a promotional insert cost for a circulation of 7000, with a median age of 43 and median income of $\$ 25,000$ ? (
C) Is the overall regression line significant at 0.10 level? (
D) Is median age significant at 0.10 level? (
E) Which independent variable/s, if any, would you omit and why?

Question

The data regarding cost and related variables of a promotional insert in major magazines is given in the Table below. The multiple regression output is given below. Answer the questions that follow.

(A) Write down the Multiple Regression equation. (
B) What is the predicted cost of a promotional insert cost for a circulation of 7000, with a median age of 43 and median income of $\$ 25,000$ ? (
C) Is the overall regression line significant at 0.10 level? (
D) Is median age significant at 0.10 level? (
E) Which independent variable/s, if any, would you omit and why?

Quizplus · Accepted Answer

The Answer of The data regarding cost and related variables of a promotional insert in major magazines is given in the Table below. The multiple regression output is given below. Answer the questions that follow.

(A) Write down the Multiple Regression equation. (
B) What is the predicted cost of a promotional insert cost for a circulation of 7000, with a median age of 43 and median income of $\$ 25,000$ ? (
C) Is the overall regression line significant at 0.10 level? (
D) Is median age significant at 0.10 level? (
E) Which independent variable/s, if any, would you omit and why?

The Data Regarding Cost and Related Variables of a Promotional $25,000\$ 25,000$25,000

The Data Regarding Cost and Related Variables of a Promotional $\$ 25,000$