The following information summarizes the linear relationship between size (in square feet) and assessed value of homes in Ithaca, NY, based on a random sample of n = 18 homes. All homes sampled had areas between 1000 and 3500 square feet. You may take for granted that all requisite assumptions for this dataset are satisfied. Simple linear regression results: Price = 37131 + 11.89 Size Sample size: 18 R = 0.3219 Parameter estimates: Parameter Estimate Std. Err. Alternative DF T-Stat P-value Intercept Slope ??? ?? ??? ??? 4.285 ?? Calculate the test statistic necessary to test whether or not there is a statistically significant linear relationship between home size and price, accurate to two digits past the decimal point.

The following information summarizes the linear relationship between size (in square feet) and assessed value of homes in Ithaca, NY, based on a random sample of n = 18 homes. All homes sampled had areas between 1000 and 3500 square feet. You may take for granted that all requisite assumptions for this dataset are satisfied. Simple linear regression results: Price = 37131 + 11.89 Size Sample size: 18 R = 0.3219 Parameter estimates: Parameter Estimate Std. Err. Alternative DF T-Stat P-value Intercept Slope ??? ?? ??? ??? 4.285 ?? Calculate the test statistic necessary to test whether or not there is a statistically significant linear relationship between home size and price, accurate to two digits past the decimal point.

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?
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 = 1000
The following is a partial computer output of a multiple regression analysis of a data set containing 20 sets of observations on the dependent variableThe regression equation isSALEPRIC = 1470 + 0.814 LANDVAL + 0.820 IMPROVAL + 13.5 AREA Predictor Coef SE Coef T P Constant 1470 5746 0.26 0.801 LANDVAL 0.8145 0.5122 1.59 0.131 IMPROVAL 0.8204 0.2112 3.88 0.0001 AREA 13.529 6.586 2.05 0.057 S = 79190.48 R-Sq = 89.7% R-Sq(adj) = 87.8% Analysis of Variance Source DF SS MS Regression 3 8779676741 2926558914 Residual Error 16 1003491259 62718204 Total 19 9783168000 For the problem above, we want to carry out the significance test about the coefficient of LANDVAL, what is the t-value for this test, and is it significant? 46.66, significant 2.05, significant 1.59, not significant 0.26, not significant
Consider the following sample regressions for the linear and quadratic models along with their respective R2 and adjusted R2. Linear Quadratic Intercept 13.3087 1.7656 x 0.3392 4.0966 x2 NA -0.2528 R2 0.1317 0.5844 Adjusted R2 0.0232 0.4657 Choose the model with the best fit, and then predict y for x = 4, 8, and 12. ROUND TO TWO DECIMAL PLACES. x Predicted y 4 8 12
The following data is a regression model where the U.S. Department of Transportation has tried to relate the rate of fatal traffic accidents (per 1000 licenses) to the percentage of motorists under the age of 21. Data has been collected for 42 major cities in the United States. SUMMARY OUTPUT Regression Statistics Multiple R 0.83938748 R Square 0.70457134 Adjusted R Square 0.69718562 Standard Error 0.58935028 Observations 42 ANOVA df SS MS F Regression 1 33.13441764 33.1344 95.3964 Residual 40 13.89335048 0.34733 Total 41 47.02776812 Coefficients Standard Error t Stat P-value Intercept -1.5974138 0.371671454 -4.2979 0.00010 Percent Under 21 0.28705317 0.029389769 9.76711 3.79E-9…
A researcher notes that, in a certain region, a disproportionate number of software millionaires were born around the year 1955. Is this a coincidence, or does birth year matter when gauging whether a software founder will besuccessful? The researcher investigated this question by analyzing the data shown in the accompanying table. Complete parts a through c below. a. Find the coefficient of determination for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to total number (x) of births in the region. Interpret the result. The coefficient of determination is 1.___? (Round to three decimal places as needed.) This value indicates that 2.____ of the sample variation in the number of software millionaire birthdays is explained by the linear relationship with the total number of births in the region. (Round to one decimal place as needed.) b. Find the coefficient of determination for the simple linear regression model…
The following factors are being considered in identifying the factors that are associated with labor productivity in a certain company. ▪ Labor productivity ▪ Worker▪ Method▪ Workspeed ▪ Workplacetemperature ▪ Workplace illumination ▪ Workplace noise▪ Age ▪ Salary▪ Job satisfaction a. Classify the response variables and regressor/explanatory variables in this regression analysis.b. Identify the indicator variables to be used for job satisfaction with a Likert scale of 1, 2, 3, 4, and 5 (5 being the highest) using xi (i = 1, 2, 3, ..., n) as the reference.
If the standard error of the estimate for a regression model fitted to a large number of paired observations is 1.75, approximately 95% of the residuals would lie within ______. −3.50 and +3.50 −1.75 and +1.75 −0.95 and +0.95 −0.68 and +0.68 −0.97 and +0.97
Consider the following computer output of a multiple regression analysis relating annual salary to years of education and years of work experience. Regression Statistics Multiple R 0.73520.7352 R Square 0.54050.5405 Adjusted R Square 0.52050.5205 Standard Error 2131.18202131.1820 Observations 4949 ANOVA dfdf SSSS MSMS F� Significance F� Regression 22 245,793,126.4218245,793,126.4218 122,896,563.2109122,896,563.2109 27.058227.0582 1.7E-081.7E-08 Residual 4646 208,929,085.5374208,929,085.5374 4,541,936.64214,541,936.6421 Total 4848 454,722,211.9592454,722,211.9592 Coefficients Standard Error t� Stat P-value Lower 95%95% Upper 95%95% Intercept 14268.6823614268.68236 2,521.08442,521.0844 5.65975.6597 0.0000009340.000000934 9194.00279194.0027 19,343.362119,343.3621 Education (Years) 2352.26982352.2698 337.1115337.1115 6.97776.9777 0.000000010.00000001 1673.69951673.6995 3030.84013030.8401 Experience (Years) 832.2096832.2096…
The following data shows the dexterity test scores of five assembly-line employees of Dimples Company Limited and their respective hourly productivity.Employee Score on dexterity test (?) Ali 12Kofi 14Kwesi 17Abudu 16Nana 11Units produced in an hour (?) 55636770 51You are required to(i) Write the regression equation(ii) Interpret the regression equation(iii) Calculate the Pearson’s Product Moment Correlation Coefficient.(iv) Interpret the correlation coefficient (v) Suppose the dexterity test score is 13, what would be the units produced in an hour? (vi) Clearly explain (in detail) the difference between regression analysis and correlation analysis.
Given the following Anova output of a regression output from MS Excel Source DF SS MS F Regression 4 10 2.5 10 Error 20 5 0.25 total 24 15 Compute the multiple standard error of estimate
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