Data Module 1 and Empirical Evidence P-value Coefficients Standard Error t Stat
ID: 3315489 • Letter: D
Question
Data Module 1 and Empirical Evidence P-value Coefficients Standard Error t Stat 153576.0811 415497.4956 -0.369619752 0.7118913 Intercept Years in Major Leagues 161969.2195 47541.15068 -3.406926783 0.00073411 Career Games played Batting Average Home runs Runs batted in R Square 1617.777722 600.4477481 2.694285601 0.00739693 3732.183545 1556.953259 2.397106992 0.0170534 4200.147381 2887.275015 1.454709842 0.14665357 1046.670237 1312.573934 0.797418118 0.42575355 0.452825604 alpha- 0.05 Significance F 57.43342 1.9643E-43Explanation / Answer
Result:
To test the significance of the regression model, calculated F=57.43, p=0.0000 which is < 0.05 level of significance. The model is significant.
To test the significance of the variable, years in major leagues, calculated t=-3.407, p=0.0007 which is < 0.05 level of significance. The variable is significant.
To test the significance of the variable, career games played, calculated t=2.694, p=0.0074 which is < 0.05 level of significance. The variable is significant.
To test the significance of the variable, batting average, calculated t=2.397, p=0.0170 which is < 0.05 level of significance. The variable is significant.
To test the significance of the variable, home runs, calculated t=1.455, p=0.1466 which is >0.05 level of significance. The variable is not significant.
To test the significance of the variable, runs batted in, calculated t=0.7974, p=0.4257 which is >0.05 level of significance. The variable is not significant
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