Question 1. Below is output from a multiple regression for vehicle sales using price of the vehicle and a 0/1 variable f

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Question 1 Below Is Output From A Multiple Regression For Vehicle Sales Using Price Of The Vehicle And A 0 1 Variable F 1 (47.87 KiB) Viewed 46 times

Question 1. Below is output from a multiple regression for vehicle sales using price of the vehicle and a 0/1 variable for the type of car (0-Car, 1-Truck). Sketch the regression relationship based on the output provided. Indicate the values of the slopes or difference in the heights of the lines. Label all lines and axes. Remember that a line with a negative slope goes from upper left to lower right. [12 points] Model 1 82.467 (Constant) Vehicle type(y-int) 35.797 Ant Price in thousands -1.404 a. Dependent Variable: Sales in thousands 82.467- 0 Sales =slope + yunt 9-35.787 +1-1.404) +82-467 Price vehicle NEC 35.787 ·467 OF +35.187 Unstandardized Coefficients B Std. Error Avehicle sale 118.254 82-467 Coefficients 11.568 11.693 358 8731 Standardized Coefficients Beta 230 -295 t 7.129 3.000 -3.925 car (3/12) Truck Sig mai 9=(13 -116.85 000 003 000 M. O G-101 35.787 +11.404) +82-467 118-85 Price Collinearity Statistics VIF Tolerance 998 998 1.002 1.002