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Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done

Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 17P: Consider the following time series: a. Construct a time series plot. What type of pattern exists in...
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Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done
Transcribed Image Text:Consider the accompanying set of dependent and independent variables. The variable x, is qualitative with M=Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. Variables a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + 13.723 (1.039)x+(-0.339)x+(-0.051)x3 (Round to three decimal places as needed.) b. Interpret the meaning of each of the regression coefficients. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to three decimal places as needed.) OA. Increasing x by 1 unit increases y by an average of OB. Increasing x by 1 unit increases y by an average of OC. Increasing x, by 1 unit increases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Increasing x2 by 1 unit decreases y by an average of units. Increasing x₂ by 1 unit decreases y by an average of units. Females increase y by an average of units when compared with males. units. Males decrease y by an average of units when compared with females. units. Increasing x by 1 unit decreases y by an average of units. 0 y 16 15 17 20 24 28 34 x 1 5 5 9 7 12 15 21 x2 17 11 13 11 2 7 7 4 M M F M F M F Print Done
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