Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation, Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."

Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation, Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...

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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?
Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Suppose the following data were collected from a sample of 15 houses relating selling price to square footage and the architectural style of the house. Use statistical software to find the following regression equation: PRICEi=b0+b1SQFTi+b2COLONIALi+b3RANCHi+ei . Is there enough evidence to support the claim that on average, houses that are ranch style have lower selling prices than houses that are Victorian style at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."Selling Price Square Footage Colonial (1 if house is Colonial style, 0 otherwise) Ranch (1 if house is Ranch style, 0 otherwise) Victorian (1 if house is Victorian style, 0 otherwise) 377640 1941 1 0 0 460996 3397 0 1 0 405781 2764 0 0 1 407216 2906 0 0 1 435139 3401 1 0 0 405275 2600 0 0 1 381141 2203 0 1 0 370490 2046 1 0 0 404070 2210 0 0 1 460196 3692 0 1 0 382780 2172 1 0 0 406466 2606 0 1…
If the point representing 64 wins and attendance of 40,786, people per game is removed from the set of data and a new regression analysis is conducted, how would the following be mpacted?