What is the best predicted job performance rating for a person whose attitude rating is 72?
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Use the given data to find the best predicted value of the response variable. Use a significance level of 0.05
The regression equation relating attitude rating (x) and job performance rating (y) for the employees of a company is y=11.3+1.24x. Ten pairs of data were used to obtain the equation. The same data yield r=0.852 and y¯=80.14. What is the best predicted job performance rating for a person whose attitude rating is 72?
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- The Wall Street Journal asked Concur Technologies, Inc., an expense management company, to examine data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate (X) and the average amount spent on entertainment (Y) for a random sample of 9 of the 25 most-visited U.S. cities. These data lead to the estimated regression equation y = 17.49 + 1.0334x. For these data SSE = 1541.4. Use Table 1 of Appendix B. a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals). b. Develop a 95% confidence interval for the mean amount spent on entertainment for all cities that have a daily room rate of $89 (to 2 decimals). c. The average room rate in Chicago is $128. Develop a 95% prediction interval for the amount spent on entertainment in Chicago (to 2 decimals).The Wall Street Journal asked Concur Technologies, Inc., an expense management company, to examine data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate (X) and the average amount spent on entertainment (Y) for a random sample of 9 of the 25 most-visited U.S. cities. These data lead to the estimated regression equation y = 17.49 + 1.0334x. For these data SSE = 1541.4. Use Table 1 of Appendix B. (NEED ANSWER FOR A) a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals).A manufacturing company that produces laminate for countertops is interested in studying the relationship between the number of hours of training that an employee receives and the number of defects per countertop produced. Ten employees are randomly selected. The number of hours of training each employee has received is recorded and the number of defects on the most recent countertop produced is determined. The results are as follows. Hours of Training Defects per Countertop1 54 17 03 32 52 45 15 21 86 2 The estimated regression equation and the standard error are given. Defects per Countertop=6.717822−1.004950(Hours of Training)Se=1.229787 Suppose a new employee has had 1 hour of training. What would be the 90% prediction interval for the number of defects per countertop? Round your answer to two decimal places.
- A manufacturing company that produces laminate for countertops is interested in studying the relationship between the number of hours of training that an employee receives and the number of defects per countertop produced. Ten employees are randomly selected. The number of hours of training each employee has received is recorded and the number of defects on the most recent countertop produced is determined. The results are as follows. Hours of Training Defects per Countertop1 54 17 03 32 52 45 15 21 86 2 The estimated regression equation and the standard error are given. Defects per Countertop=6.717822−1.004950(Hours of Training)Se=1.229787S Suppose a new employee has had 3 hours of training. What would be the 95 prediction interval for the number of defects per countertop? Round your answer to two decimal places.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 adequateThe regional transit authority for a major metropolitan area wants to determine whetherthere is a relationship between the age of a bus and the annual maintenance cost. A sampleof ten buses resulted in the following data: a. Develop a scatter chart for these data. What does the scatter chart indicate about therelationship between age of a bus and the annual maintenance cost?b. Use the data to develop an estimated regression equation that could be used to predictthe annual maintenance cost given the age of the bus. What is the estimated regressionmodel?c. Test whether each of the regression parameters b0 and b1 is equal to zero at a 0.05level of significance. What are the correct interpretations of the estimated regressionparameters? Are these interpretations reasonable?d. How much of the variation in the sample values of annual maintenance cost does themodel you estimated in part b explain?e. What do you predict the annual maintenance cost to be for a 3.5-year-old bus?
