Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Copy and paste the numbers in an Excel worksheet and then use Excel's Regression tool to conduct a simple linear regression analysis. Choose 95% confidence level. Answer the following questions: x y 2 12 3 9 6 8 7 7 8 6 7 5 9 2 Find out regression coefficient b1 (Keep 2 decimal places) Find out SSR (Keep 2 decimal places) Find out SST (Only report the integer part)

Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Copy and paste the numbers in an Excel worksheet and then use Excel's Regression tool to conduct a simple linear regression analysis. Choose 95% confidence level. Answer the following questions: x y 2 12 3 9 6 8 7 7 8 6 7 5 9 2 Find out regression coefficient b1 (Keep 2 decimal places) Find out SSR (Keep 2 decimal places) Find out SST (Only report the integer part)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 4GP

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x	y
2	12
3	9
6	8
7	7
8	6
7	5
9	2

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Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Copy and paste the numbers in an Excel worksheet and then use Excel's Regression tool to conduct a simple linear regression analysis. Choose 95% confidence level. Answer the following questions: x y 2 12 3 9 6 8 7 7 8 6 7 5 9 2 t statistics is statistically significant at 5% level. Answer Yes or No. Yes No What is the lower bound of the 95% confidence interval for the independent variable x (Keep 2 decimal places)   What is the upper bound of the 95% confidence interval for the independent variable x (Keep 2 decimal places)
Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Copy and paste the numbers in an Excel worksheet and then use Excel's Regression tool to conduct a simple linear regression analysis. Choose 95% confidence level. Answer the following questions: x y 2 12 3 9 6 8 7 7 8 6 7 5 9 2 Find out F Statistics (Only report the integer part)   F Statistics is statistically significant at 5% level. Answer Yes or No.   Yes No Find out t statistics for the independent variable x (Keep 2 decimal places)   t statistics is statistically significant at 5% level. Answer Yes or No. Yes No What is the lower bound of the 95% confidence interval for the independent variable x (Keep 2 decimal places)   What is the upper bound of the 95% confidence interval for the independent variable x (Keep 2 decimal places)
The following data are the monthly salaries  and the grade point averages  for students who obtained a bachelor's degree in business administration. GPA Monthly Salary ($) 2.6 3,600 3.4 3,900 3.6 4,300 3.2 3,800 3.5 4,200 2.9 3,900 The estimated regression equation for these data is  and . Use Table 1 of Appendix B. a. Develop a point estimate of the starting salary for a student with a GPA of  (to 1 decimal). b. Develop a  confidence interval for the mean starting salary for all students with a  GPA (to 2 decimals). (  ,  ) c. Develop a  prediction interval for Ryan Dailey, a student with a GPA of  (to 2 decimals). (  ,  ) d. Discuss the differences in your answers to parts (b) and (c).
Bill is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a relationship exists between the number of presentations made to prospective clients in a month and the number of new clients per month. The following table shows the number of presentations and corresponding new clients for a random sample of six employees. Employee Presentations New Clients 1 2 1 2 8 2 3 9 4 4 10 3 5 11 5 6 12 6 Bill would like to use simple regression analysis to estimate the number of new clients per month based on the number of presentations made by the employee per month. The average number of new clients per month for an employee who made 20 presentations per month is ________. 5.02 5.45 3.43 8.69
Sarah is the office manager for a group of financial advisors who provide financial services for individual clients. She would like to investigate whether a relationship exists between the number of presentations made to prospective clients in a month and the number of new clients per month. The following table shows the number of presentations and corresponding new clients for a random sample of six employees. Employee Presentations New Clients 1 7 2 2 9 3 3 9 4 4 10 3 5 11 5 6 12 3 Sarah would like to use simple regression analysis to estimate the number of new clients per month based on the number of presentations made by the employee per month. The expected number of new clients per month for an employee who made 10 presentations per month is ________. 2.3982 1.6753 3.0521 3.4348
Consider the multiple regression model shown next between the dependent variable Y and four independent variables X1, X2, X3, and X4, which results in the following function:Ŷ = 33 + 8X1 − 6X2 + 16X3 + 18X4For this model, there were 35 observations; SSR = 1,544 and SSE = 600. Assume a 0.01 significance level.Based on the given information, which of the following conclusions is correct about the statistical significance of the overall model? Multiple Choice Reject the null hypothesis that β3 = 0. Do not reject the null hypothesis that β1 = β2 = β3 = β4 = 0. Reject the null hypothesis that β1 = 0. Reject the null hypothesis that β1 = β2 = β3 = β4 = 0.
In exercise 12, the following data on x = average daily hotel room rate and y = amount spent on entertainment (The Wall Street Journal, August 18, 2011) lead to the estimated regression equation ŷ = 17.49 + 1.0334x. For these data SSE = 1541.4.Click on the datafile logo to reference the data. Use Table 1 of Appendix B. a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals).$ b. Develop a 95% confidence interval for the mean amount spent on entertainment for all cities that have a daily room rate of $89 (to 2 decimals).$ to $ c. The average room rate in Chicago is $128. Develop a 95% prediction interval for the amount spent on entertainment in Chicago (to 2 decimals).
Use the following information from a multiple regression analysis. n=15 b1=2 b2=6 Sb1=1.4 Sb2=0.5 a. Which variable has the largest slope, in units of a t statistic? b. Construct a 90% confidence interval estimate of the population slope, β1. c. At the 0.10 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the independent variables to include in this model.
A teacher conducted a regression analysis to investigate the relationship between student height and femur length. Computer output from the linear regression analysis is shown in the table. The analysis was performed on a sample of 24 students. Term CoefCoef SE CoefSE Coef Constant 28.34 0.945 Femur length 1.73 0.023 Assume that the conditions for inference for the slope of the regression equation have been met. Which of the following defines the margin of error for a 99.5 percent confidence interval for the slope of the least-squares regression equation? A)3.104 (0.023) B)3.104 (1.73) C)3.119 (0.023) D)3.119(0.945) E)3.119(1.73)
In exercise 12, the following data on x = average daily hotel room rate and y = amount spent on entertainment (The Wall Street Journal, August 18, 2011) lead to the estimated regression equation ŷ = 17.49 + 1.0334x. For these data SSE = 1541.4. Use Table 1 of Appendix B.Click on the datafile logo to reference the data. a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals).$ b. Develop a 95% confidence interval for the mean amount spent on entertainment for all cities that have a daily room rate of $89 (to 2 decimals).$ to $ c. The average room rate in Chicago is $128. Develop a 95% prediction interval for the amount spent on entertainment in Chicago (to 2 decimals).$ to $
Sarah is the office manager for a group of financial advisors who provide financial services forindividual clients. She would like to investigate whether a relationship exists between the numberof presentations made to prospective clients in a month and the number of new clients per month.The following table shows the number of presentations and corresponding new clients for aa random sample of six employees.Employee Presentations New Clients1 7 22 9 33 9 44 10 35 11 56 12 3Sarah would like to use simple regression analysis to estimate the number of new clients permonth based on the number of presentations made by the employee per month. The test statisticfor testing the hypothesis that the population coefficient of determination is greater than zero is________. A) 1.03 B) 1.45 C) -1.16 D) 0.35
Based on the sample data set: (0,0) ( 2,3) (3,3) (6,4) (9,8) A. Construct the 90% confidence interval for the slope B1 of the population regression line B. find the Coefficient of determination using the formula r2=B1SSxy / SSyy.