Suppose a study wants to predict the market price of a certain species of turtle (Y) based on the following independent variables indicated in the table. Based from the table, what is the equation of the multiple linear regression? (Round off up to two decimal places.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 66E
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Suppose a study wants to predict the market price of a certain species of turtle (Y) based on the following independent variables indicated in the table. Based from the table, what is the equation of the multiple linear regression? (Round off up to two decimal places. 

 

Market Price = 0.07 - 0.40*weight + 1.51*length + 1.41*width + 0.80*age
 
 
 
Market Price = - 0.40*weight + 1.51*length + 1.41*width + 0.80*age
 
 
 
Market Price = 0.07 + 0.40*weight + 1.51*length + 1.41*width + 0.80*age
 
 
 
Market Price = 0.07 - 0.40 + weight + 1.51 + length + 1.41 + width + 0.80 + age

 

Coefficients
t Stat
P-value
Intercept
weight
length
0.068289
0.027
0.009357
-0.404537
4.848
0.004679
1.509969
1.002
0.363124
width
1.411264
-2.751
0.04025
age
0.797636
-0.503
0.635889
Transcribed Image Text:Coefficients t Stat P-value Intercept weight length 0.068289 0.027 0.009357 -0.404537 4.848 0.004679 1.509969 1.002 0.363124 width 1.411264 -2.751 0.04025 age 0.797636 -0.503 0.635889
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