Essay
Life Expectancy
An actuary wanted to develop a model to predict how long individuals will live.After consulting a number of physicians,she collected the age at death (y),the average number of hours of exercise per week (x1),the cholesterol level (x2),and the number of points that the individual's blood pressure exceeded the recommended value (x3).A random sample of 40 individuals was selected.The computer output of the multiple regression model is shown below. THE REGRESSION EQUATION IS y = 55.8 + 1.79x1− 0.021x2− 0.061x3 S = 9.47 R−Sq = 22.5% ANALYSIS OF VARIANCE
-{Life Expectancy Narrative} Is there enough evidence at the 5% significance level to infer that the model is useful in predicting length of life?
Correct Answer:

Verified
At least one βi is not equal to zero. R...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q1: In multiple regression analysis,the adjusted coefficient of
Q2: In a multiple regression analysis involving 50
Q3: Discuss two indicators that can be found
Q5: In a multiple regression analysis involving 40
Q6: A multiple regression model has the form
Q7: Life Expectancy<br> An actuary wanted to
Q8: Multiple regression has four requirements for the
Q9: A small value of F indicates that
Q10: The coefficient of determination ranges from:<br>A)1.0 to
Q11: Real Estate Builder<br> A real estate