3. A market research firm is studying the relationship between the monthly income for a household and the age of the hom

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3 A Market Research Firm Is Studying The Relationship Between The Monthly Income For A Household And The Age Of The Hom 1 (50.68 KiB) Viewed 90 times

3. A market research firm is studying the relationship between the monthly income for a household and the age of the homeowner, the value of the car, and the monthly mortgage payment for the household (in dollars). The SAS computer printout of the regression analysis is as follows: The REG Procedure Model Dependent Variable: Income Analysis of Variance Source DF SS F Value p-value Regression 3 1810437.38607 D 0.0001 Error B 1733883.95126 115592.26342 Total с MS 18 DF Predictor Constant Age Book Value Mortgage Payment 1 1 Parameter Estimates Coefficient St. Error -424.151829 928.885111 E 24.318420 0.157115 0.027413 1.686387 G T-value -0.457 1.748 F 2.708 p-value 0.6545 0.1009 0.0000 ,0162 a) b) State the names of the dependent (response) variable and the independent (explanatory) variables. Fill in the missing entries A, B, C, D, E, F and G. State the multiple regression equation. State the value of the coefficient of determination, R. At the level of significance a 0.05, what predictors are useful in the model and what predictors does not appear to be useful in the model? 15 Points d) e)