Q2. A random sample of 8 recent BBA graduates in a company was selected. The following table lists their CGPA and starting salary in thousand taka. 3.5 50 CGPA 2.5 3.25 2.25 3.75 60 2.00 2.75 3.00 Starting salary 30 45 25 Pon line 20 35 40 timated leat sonara
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- Calculate the R2of the following multivariate sample regression functions and interpret theanswers.3.1 Investment-hat = β1-hat + β2-hat*Interest rate + β3-hat*Exchange rateESS = 900RSS = 1003.2 Investment-hat = β1 + β2-hat*Interest rate + β3-hat*number of 311 studentsESS = 400RSS = 6003.3 Salary-hat = β1 + β2-hat*Frequency of blinking eyes + β3-hat*Colour of hairRSS = 950TSS = 1000Years of Work Experience and number of Job Offers of 10 job-seekers were as follows: Work Exp. 4 2 5 3 7 12 2 5 4 9 No. of Offers 7 1 8 4 13 19 3 11 9 15 a. Fit the regression equation of No. of Job Offers on Years of Work Experience. b. What will be the predicted number of offers for an applicant with 6 years of experience? c. Verify the relationship between the number of job offers and years of work experience using at least two relevant methodsA set of n = 15 pairs of X and Y values has a correlation of r = +0.80 with SSY = 75, and the regression equation for predicting Y is computed. Find the standard error of estimate for the regression equation. How big would the standard error be if the sample size were n = 30.
- 1. Prior to being hired, the ve salespersons for a computer store were given a standard sales aptitude test. For each individual, the score achieved on the aptitude test and the number of computer systems sold during the first 3 months of their employment are shown in the attached image. (a) Determine the least-squares regression line and interpret its slope. (b) Estimate, for a new employee who scores 60 on the sales aptitude test, the number of units the new employee will sell in her first 3 months with the company. (c) Find the standard error of estimate. (d) Find the r-square of the model.A researcher collected data on the cholesterol level, CC, and the age, AA, of 24 people selected at random. Using the data, the researcher calculated the least-squares regression line to be Cˆ=182+2.2AC^=182+2.2A and the standard error of the slope to be 0.38. If the conditions for inference are met, which of the following is closest to the value of the test statistic to test the hypotheses H0:β=0H0:β=0 versus Ha:β≠0Ha:β≠0 ?For a sample of 8 employees, a personnel director has collected the following data on ownership of company stock, y, versus years with the firm, x. X 6 12 14 6 9 13 15 9 Y 300 408 560 252 288 650 630 522 (a) Determine the least-squares regression line and interpret its slope(b) For an employee who has been with the firm 10 years, what is the predicted number of shares owned? (c) Is there a statistical significance between years of service and ownership of company stocks? (use α=0.05α=0.05)
- The data regarding the production of wheat in tons (X) and the price of the kilo of flour in Ghana cedis (Y) Takoradi some years ago were: a. Fit the regression line for the day using the method of least squaresThe marketing manager of a supermarket chain would like to determine the effect of shelf spaceon the sales of pet food. A random sample of 10 stores was selected, and the results are presentedbelow. Store shelf space in cm weekly sales in thousand pesos 1 45 18 2 45 21 3 75 15 4 80 18 5 95 23 6 100 26 7 135 22 8 140 27 9 185 25 10 190 28 d. Using the estimated simple linear regression equation Y=15.6414+0.0611X, estimate the weekly sales when theshelf space is 230cm? 250cm? e. Compute the coefficient of determination and interpret its value.A company trains its employees with instructional videos and claims that the amount of time, in hours, spent training is linearly related to an increase in productivity. The company selected a random sample of five employees to test its claim. The data were used to create the computer output for a least-squares linear regression, shown in the table. Variable DF Estimate SE Intercept 1 3.6 1.1489 Hours 1 0.8 0.3464 Which of the following is the correct test statistic and number of degrees of freedom? t=2.31 with 4 degrees of freedom A t=2.31 with 3 degrees of freedom B t=2.31 with 5 degrees of freedom C t=3.13 with 1 degree of freedom D t=3.13 with 3 degrees of freedom E
- Mr. James, president of Daniel-James Financial Services, believes that there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, he gathered the following information from a sample of clients for the last month. Let X represent the number of times that the client was contacted and Y represent the valye of sales ($1000) for each client sampled. Number of Contacts (X) Sales ($1000) 14 24 12 14 20 28 16 30 23 30 a) Compute the regression equation for client contacts and sales. Interpret the slope and intercept parameters.Given are five observations for two variables, x and y. xi 3 8 12 18 20 yi 54 57 50 24 11 -select your answer choices- b. The least squares line provided an (good, bad) fit; __ % of the variability in y has been explained by the estimated regression equation (to 1 decimal)The following table presents the percentage of students who tested proficient in reading and the percentage who tested proficient in math for 5 randomly selected states in the United States. Compute the least-squares regression line for predicting math proficiency from reading proficiency. State Percent Proficientin Reading Percent Proficientin Mathematics Illinois 75 70 North Carolina 71 73 California 60 59 Georgia 67 64 Florida 66 68 Send data to Excel The equation for the least squares regression line is y = . Round the slope and y -intercept to four decimal places as needed.