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Question
A sample of 25 families was taken. The objective of the study was to estimate the factors that determine the monthly expenditure on food for families. The independent variables included in the analysis were the number of members in the family (x1), the number of meals eaten outside the home (x2), and a dummy variable (x3) that equals 1 if a family member is on a diet and equals 0 if there is no family member on a diet. The following results were obtained.| ANOVA | ||||
| df | SS | MS | F | |
| Regression | 3,078.39 | 1,026.13 | ||
| Error | 2,013.90 | 95.90 | ||
| Coefficients | Standard Error | |||
| Intercept | 150.08 | 53.6 | ||
| x1 | 49.92 | 9.6 | ||
| x2 | 10.12 | 2.2 | ||
| x3 | -.60 | 12.0 |
a. Write out the estimated regression equation.
b. Interpret all coefficients.
c. Compute the appropriate tratios.
d. Test for the significance of
1, 2, and 3at the 1% level of significance.e. What are the degrees of freedom for the sum of squares explained by the regression (SSR) and the sum of squares due to error (SSE)?
f. Test whether of not there is a significant relationship between the monthly expenditure on food and the independent variables. Use a .01 level of significance. Be sure to state the null and alternative hypotheses.
g. Compute the coefficient of determination and explain its meaning.
h. Estimate the monthly expenditure on food for a family that has 4 members, eats out 3 times, and does not have any member of the family on a diet.
i. At 95% confidence determine which parameter is not statistically significant.
Answer
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