Use the following information from a multiple regression analysis to complete parts (a) through (c) below. Choose the correct hypotheses for X₂ below. OA. Ho: B₂ = 1 H₁: B₂ #1 OC. Ho: B₂ #0 H₁: B₂ = 0 Find the test statistic. (Round to two decimal places as needed.) Find the p-value. (Round to three decimal places as needed.) O B. Ho: B2#1 H₁: B₂ = 1 O D. Ho: B₂ = 0 H₁: B₂ #0 Is there evidence that the variable X. contributes to a model already containing X.?
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- The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t= Years since 2006 0 1 2 3 4 5 6 7 8 9 10 K= Price 56 51 50 55 58 52 45 43 44 48 51 Make a quartic model of these data. Round the regression parameters to two decimal places.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?The following estimated regression equation based on 10 observations was presented. ŷ = 29.1260 + 0.5306x1 + 0.4680x2 The values of SST and SSR are 6,728.125 and 6,215.375, respectively. (a) Find SSE. SSE = (b) Compute R2. (Round your answer to three decimal places.) R2 = (c) Compute Ra2. (Round your answer to three decimal places.) Ra2 = (d) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation. The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation.
- The following estimated regression equation based on 30 observations was presented. ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4 The values of SST and SSR are 1,807 and 1,757, respectively. (a) Compute R2. (Round your answer to three decimal places.) R2 = (b) Compute Ra2. (Round your answer to three decimal places.) Ra2 = (c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation. The estimated regression equation did not provide a good…The following estimated regression equation based on 30 observations was presented. ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4 The values of SST and SSR are 1,801 and 1,758, respectively. (a)Compute R2. (Round your answer to three decimal places.) R2 = (b)Compute Ra2.(Round your answer to three decimal places.) Ra2 = (c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation.The estimated regression equation provided a good fit as a…The following estimated regression equation based on 30 observations was presented. ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4 The values of SST and SSR are 1,808 and 1,780, respectively. (a) Compute R2. (b) Compute Ra2. (c) Comment on the goodness of fit.
- The following estimated regression equation based on 30 observations was presented. ŷ = 17.6 + 3.8x1 − 2.3x2 + 7.6x3 + 2.7x4 The values of SST and SSR are 1,801 and 1,758, respectively. (a) Compute R2. (Round your answer to three decimal places.) R2 = ?? (b) Compute Ra2. (Round your answer to three decimal places.) Ra2 = ?? (c)Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) -The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation. -The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression equation. -The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression equation. -The estimated regression equation…Use the following set of points to test the null hypothesis =:H0β10 versus <:H1β10 . Use the P -value method with the =α0.10 level of significance. The slope of the regression line for this data is computed to be =b1−0.46482 , and the standard error of b1 is computed as =sb0.256636 . Use the TI- 84 calculator. x 14 14 4 16 21 14 15 9 y 17 14 19 9 10 10 9 10 t-score= p-value=The following estimated regression equation based on 10 observations was presented. ŷ = 29.1670 + 0.5902x1 + 0.4960x2 Here, SST = 6,734.125, SSR = 6,212.375, sb1 = 0.0816, and sb2 = 0.0569. (a) Compute MSR and MSE. (Round your answers to three decimal places.) MSR=?? MSE=?? (b) Compute F and perform the appropriate F test. Use ? = 0.05. State the null and alternative hypotheses. H0: ?1 = ?2 = 0 Ha: One or more of the parameters is not equal to zero. H0: ?1 > ?2 Ha: ?1 ≤ ?2 H0: ?1 ≠ 0 and ?2 ≠ 0 Ha: One or more of the parameters is equal to zero. H0: ?1 < ?2 Ha: ?1 ≥ ?2 H0: ?1 ≠ 0 and ?2 = 0 Ha: ?1 = 0 and ?2 ≠ 0 Find the value of the test statistic. (Round your answer to two decimal places.) F = ?? Find the p-value. (Round your answer to three decimal places.) p-value = ?? State your conclusion. -Reject H0. There is sufficient evidence to conclude that the overall model is significant. -Do not reject H0.…
- Use the following set of points to test the null hypothesis H0:β1=0 versus ≠:H1β10. Use the P-value method with the =α0.01 level of significance. The slope of the regression line for this data is computed to be b1=−0.88401, and the standard error of b1 is computed as sb=0.311147. Use the TI-84 calculator. x 10 15 8 18 19 13 y 15 10 23 11 12 14 Compute the test statistic. Always round the t-score values to three decimal places.Consider the following hypothetical regression, with FAIL? as a dummy variable for if a business failed in its first year (1=failed, 0=didn’t fail); LOAN is how much money, in thousands of dollars, the business got as a loan when it started; GIG? is a dummy variable for if there was a gig economy job available, such as driving for Lyft (1=available, 0=not available), and COMP is the number of existing competitors the business faced when it started. All variables are statistically significant. FAIL? = 0.63 – 0.01*LOAN – 0.08*GIG? + 0.05*COMP Answer the following: Determine the predicted value of FAIL? if the business had a $30,000 loan, there was no gig economy, and four competitors. In everyday language, what does the estimated value found in A mean? If a business gets an additional six thousand dollars in loans, how would FAIL? change? Give the “punchline” interpretation of the COMP variable: “For every additional competitor…”From the following data, determine if the data has a positive or a negative relationship with each other. Showcase the regression line, and determine if the data provided fits the approximate curve. Use the formula attached together with the given data.