Bus- 173 (Applied Statistics) Q3. The summary output obtained from fitting the multiple regression are given below.CoefficientsModelSig.Unstandardized CoeficientsStandardizedCoefficientsBStd. ErrorBeta(Constant)-5063.482730.224-6.934.000Education (in years)746.50639.517.68418.891.000Age (in years)48.3629.671.1815.000.000Note. Dependent Variable: Beginning salary(a) Write down the appropriate multiple regression model with necessary explanation.(b) Find the estimated multiple regression model and interpret estimated regressioncoefficient values.(c) Find the predicted beginning salary for an employee who is 25 years old and has 17years of education.

Given: The dependent variable is Beginning salary. The summary output as from fitting multiple…

Answered: Q3. The summary output obtained from…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section: Chapter Questions

Problem 30PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...

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Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?
For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or older who are college graduates in a particular city, by year. Based on the set of data given in Table 5, calculate the regression line using a calculator or other technology tool, and determine the correlation coefficient. Round to three decimal places of accuracy
For the following exercises, consider this scenario: The profit of a company decreased steadily overa ten-year spam.The following ordered pairs shows dollars and the number of units sold in hundreds and the profit in thousands ofover the ten-year span, (number of units sold, profit) for specific recorded years: (46,600),(48,550),(50,505),(52,540),(54,495). Use linear regression to determine a function Pwhere the profit in thousands of dollars depends onthe number of units sold in hundreds.
For the following exercises, consider the data in Table 5, which shows the percent of unemployed ina city of people 25 years or older who are college graduates is given below, by year. 40. Based on the set of data given in Table 6, calculate the regression line using a calculator or other technology tool, and determine the correlation coefficient to three decimal places.
Suppose that R2= 1 for a data set. What can you say abota. SSE? b. SSR? c. the utility of the sample multiple linear regression equation for making predictions?
What is the effect of this violation on the regression model? "The number of observations n is less than or equal to the number of parameters to be estimated"
If a new independent variable is added to a regression equation, the adjusted R2 increases only if the absolute value of the t-statistic of the new variable is greater than one. Group of answer choices True False.
Given a generic data set (x,y) with a linear regression. How do you determine if the y(dependent) will be less/greater than a certain value at a decided value of x?
The Mayor of texas whom is partners with a local agriculturalist wants to know how the amount of fertilizer and the amount of water given to plants affect their growth. The results were inputted into MINITAB so as to fit the model a) Write out the regression equation b) What is the sample size used in this investigation? c) Determine the values of *, ** and ***, **** d) Conduct a hypothesis test, at the 5% level of significance, to determine whether ? is significant. e) What would be the growth of the plant if 4g of fertilizer and 7g of ater was given to it daily? f) Carry out an F -test at the 1% significance level to determine whether the model is significant
A sociologist was hired by a large city hospital to investigate the relationship between the number of unauthorized days that employees are absent per year and the distance (miles) between home and work for the employee. A sample of 10 employees was chosen, and the following data were collected. A. Is the estimated regression equation appropriate and adequate
For each of the following, explain what is wrong and why. a)In simple linear regression, the null hypothesis of the ANOVA F test is H0: β0 = 0. b)In an ANOVA table, the mean squares add. In other words, MST = MSM + MSE. c)The smaller the P-value for the ANOVA F test, the greater the explanatory power of the model. d)The total degrees of freedom in an ANOVA table are equal to the number of observations n.

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