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Author Question: Calculate P(A2 B1 ). What will be an ideal response?[br][br][b][color=#151B54]Question ... (Read 63 times)

dalyningkenk

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on: Jun 24, 2018
Calculate P(A2  B1 ).
 
  What will be an ideal response?

Question 2

Interpret the estimated regression coefficient b2.
 
  What will be an ideal response?


Hdosisshsbshs

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

P(A2  B1 ) = P(A2  B1 ) / P(B1 ) = 0.25 / 0.60 = 0.4167

Answer to Question 2

For an increase in the age of an individual by an additional year, we would expect the time required to prepare a tax return to take, on average, 1.04 minutes longer, with all other independent variables in the model held constant.


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