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Bookmarks People Window Help MyUSF ture.com/courses/1278411/quizzes/1778012/take ?58 XQuiz: Assessment 4 ? Student Assessment of Ins Student Question 2 3 pts Suppose you are working with the automobile data set and got the following printout. Assume that you already tested the quadratic terms and dropped them out of the model. The following printout was created. Least Squares Linear Regression of Price Predictor Variables Coefficient Std ErrorT Constant 2033 Mileage Model X1x2 P VIF 9.7 1039.20 19.57 0.0000 0.0 0.06642 0.02264 -2.93 0.0052 1.8 1255.69 1454.48 0.86 0.3924 7.0 0.04875 0.03590 1.36 0.2244 6.6 What p-value should you use to determine if the interaction term is useful for predicting price? You can assume that a two-tailed test was conducted. 1122 4488 0052 2244

Explanation / Answer

P-value which we use to determine if the interaction term is useful for predicting price.

That meana p-value corresponding predictor variable X1X2 which is equal to 0.2244

Answer: p-value = 0.2244

Note: since p-value for interaction term is larger we can say that this term is not useful for predicting price.

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