Select Page

Use the following regression output to answer the following questions 21-25Y = Price in \$’s for Tracfone service planX1 = No. of minutes in planX2 = No. of service days in plan.Regression AnalysisR2 0.954AdjustedR2 0.944R 0.977Std. Error 13.321Regression output confidence intervalcoefficient std. 95% 95% variables s error t (df=9) p-value lower upperIntercept20.0000 6.8759 2.517.03291.7504 32.8590X1, minutes0.1000 0.0092 12.4885.48E- 070.0936 0.1350X2, days0.0800 0.0263 2.680.02520.0110 0.1297Flag question: Question 21Question 214 ptsSelect the correct regression equation using the output above.Group of answer choicesY = 20 + 0.1*X1 + 0.08*X2Y = 0.1*X1 + 0.08*X2Y = 0.08*X1 + 0.1*X2Y = 20+ 0.08*X1 + 0.1*X2Flag question: Question 22Question 224 ptsEvaluate the statistical significance of the intercept, X1 (minutes), and X2 (days):Group of answer choicesIntercept (Significant at 0.05), X1 (Significant at 0.01), X2 (Significant at 0.05)Intercept (Significant at 0.05), X1 (Significant at 0.05), X2 (Significant at 0.05)Intercept (Significant at 0.05), X1 (Significant at 0.01), X2 (Significant at 0.01)Intercept (Significant at 0.05), X1 (Not Significant), X2 (Significant at 0.05)Flag question: Question 23Question 234 ptsPredict the change in the service plan price if the number of minutes increases by 100.Group of answer choices\$10\$28\$30\$8Flag question: Question 24Question 244 ptsPredict the change in the service plan price if the number of days increases by 100.Group of answer choices\$8\$28\$30\$10Flag question: Question 25Question 254 ptsPredict the price for a plan which offers 100 minutes and 100 days.Group of answer choices\$38\$18\$28\$30MathStatistics and Probability BUSA 5030

Order your essay today and save 20% with the discount code ESSAYHELP