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29 Sep 2019
Given the following regression result, answer the question a) to d)
Regression analysis: Tourism ($ bill) versus visitors (mill)
The regression equation is
Tourism ($ bill) = 21.5 + 0.295 Visitors (mill)
(3.462) (0.07917)
Standard errors are in parentheses.
a. What is the dependent variable and what is the independent variable in this linear regression model?
b. How much is the intercept (b0) and the slope (b1) in the above?
c. How much do you interpret the above linear model?
d. Based on the above data, draw a scatter plot
Given the following regression result, answer the question a) to d)
Regression analysis: Tourism ($ bill) versus visitors (mill)
The regression equation is
Tourism ($ bill) = 21.5 + 0.295 Visitors (mill)
(3.462) (0.07917)
Standard errors are in parentheses.
a. What is the dependent variable and what is the independent variable in this linear regression model?
b. How much is the intercept (b0) and the slope (b1) in the above?
c. How much do you interpret the above linear model?
d. Based on the above data, draw a scatter plot
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Sonal BahlLv10
29 Sep 2019
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