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Author Question: Interpret the estimated regression coefficient b3. What will be an ideal ... (Read 108 times)

soccerdreamer_17

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on: Jun 24, 2018
Interpret the estimated regression coefficient b3.
 
  What will be an ideal response?

Question 2

Find the probability that a given student spends less than 15 minutes with the professor.
 
  What will be an ideal response?


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mcabuhat

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Reply #1 on: Jun 24, 2018
Answer to Question 1

For every additional person in the household we would expect the time required to prepare a tax return to take, on average, 2.15 minutes longer, with all other independent variables in the model held constant.

Answer to Question 2

P(X < 15 ) = 1 - e-(1/12 )15 = 1 - e-1.25 = 0.7135


soccerdreamer_17

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Reply #2 on: Jun 24, 2018
Thank you


mcabuhat

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Reply #3 on: Jun 24, 2018
No problemo


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