Please answer the follwing questions: 1)What are all the data in Residuals and C
ID: 2909751 • Letter: P
Question
Please answer the follwing questions:
1)What are all the data in Residuals and Coefficients section mean?And how can we get those number(just have to provide equation,no exact number is needed)
2)For F-statistics, what does on 1 means?And what is the equation of degree of freedom in this case?
3)How did you calculate the p-value when no significance level is provided(Don't have to provide the exact number just the equation)?
4)Is the p-value related to the significance codes? Assume they are related,as P-value is 1.27e^-15 in this case,according to significance codes,can we arrive to the concusion that we have extremely Strong evidence to against H0?
5)From all the data provided,how can you reach to the conclusion that in the last slide?
Sorry for providing such a long question.
Explanation / Answer
2)
1 is degree of freedom 1
df2 = 91
3)
p-value = P(F > TS) when df1 = k and df2 = n-k-1 , here k = number of independent variables
n = sample size
4)
no p-value is independent of significance level
if p-value < alpha
we reject the null hypothesis
yes , as p-vaue < 0.00000
5) yes, we reject the null hypothesis and conclude that there is extremely strong evidence of a car wit lager FTC