The picture displays the fitted 3-predictor multiple regression model
Subject: Mathematics / Statistics
Question
1. The picture displays the fitted 3-predictor multiple regression model that was chosen using all three stepwise approaches. It is unnecessary to add interaction variables into the model displayed in the picture because:
A: an influemce analysis indicated that there were no observations that undult influenced the fitted model.
B: the dummy variable type food Asian significant contributed to it
C: the dummy variable type food Asian did not significantly contribute to it
2. In the model displayed in the picture, there is no concern about colinearity because:
A: each pvalue is 0.000
B: each vif is less the 5
C: the sample size for the model exceeds 30
3. In the model displayed in the picture, the yintercept is:
A: a meaningful, relevant value because the dependant response variable is in $
B: not a meaningful value in the model and just the base or starting because the dependant or response variable is natural logs
C: not a meaningful value in the model and just the base or starting because the rating scales begin at 1 so 0 values for any of the predictors are outside the respective relevant ranges
4. In the model displayed in the picture, interpret the meaning of the slope for the variable: food rating. Two sentences short answer:
5. In the model displayed in the picture, the _________ represents the proportion of the variation in the natural log cost per meal based on the model built, taking into account the number of predictors and the sample size.
A: coefficient of determination
B: adjusted coefficient of determination
C: standard error estimate
6. In the model displayed in the picture, the standard error of the estimate, given by 0.0897631 indicates:
A: The average scatter around the fitted regression line is approximately 9 cents
B: the average scatter around the fitted regression surface, measured in natural logs, is nearly 0.0898
C: The spread is quite large