Statistics for Business and Economics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780134456997
Author: James T. McClave, P. George Benson, Terry Sincich
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 11.6, Problem 11.88ACB
a.
To determine
To test: The adequacy of the simple linear regression.
To explain: The model for prediction purpose or not.
b.
To determine
To find: The 95% prediction interval for the revenue(y) of a movie with a tweet rate (x) of 250 per hour.
To interpret: The results.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A hospital conducted a study of the waiting time in its emergency room. The hospital has a main campus and three satellite locations. Management had a business objective of reducing waiting time for emergency room cases that did not require immediate attention. To study this, a random sample of 15 emergency room cases that did not require immediate attention at each location was selected on a particular day, and the waiting times (measured from check into when the patient was called into the clinic area) were collected and stored in the table.
At the 0.05 level of significance, is there evidence of a difference in the mean waiting times in
the four locations?
Main
Satellite 1
Satellite 2
Satellite 3
120.08
30.75
75.86
54.05
81.90
61.83
37.88
38.82
78.79
26.40
68.73
36.85
63.83
53.84
51.08
32.83
79.77
72.30
50.21
52.94
47.94
53.09
58.47
34.13
79.88
27.67
86.29
69.37
48.63
52.46
62.90
78.52
55.43
10.64
44.84
55.95
64.06
53.50
64.17
49.61
64.99
37.28
50.68…
A suburban hotel derives its revenue from its hotel and restaurant operations. Theowners are interested in the relationship between the number of rooms occupied on anightly basis and the revenue per day in the restaurant. Below is a sample of 25 days(Monday through Thursday) from last year showing the restaurant income and numberof rooms occupied.
Leisure Activities and Dementia. An article appearing in the Los Angeles Times discussed the study “Leisure Activities and the Risk of Dementia in the Elderly” (New England Journal of Medicine, Vol. 348) by J.Verghese et al. The article in the Times, titled “Crosswords Reduce Risk of Dementia,” contained the following statement: “Elderly people who frequently read, do crossword puzzles, practice a musical instrument or play board games cut their risk of Alzheimer’s and other forms of dementia by nearly two-thirds compared with people who seldom do such activities.” Comment on thestatement in quotes, keeping in mind the type of study for which causation can be reasonably inferred.
Chapter 11 Solutions
Statistics for Business and Economics, Student Value Edition (13th Edition)
Ch. 11.1 - In each case, graph the line that passes through...Ch. 11.1 - Give the slope and y-intercept for each of the...Ch. 11.1 - The equation for a straight line (deterministic...Ch. 11.1 - Refer to Exercise 11.3. Find the equations of the...Ch. 11.1 - Plot the following lines: a. y 4 + x b. y = 5 2x...Ch. 11.1 - Give the slope and y-intercept for each of the...Ch. 11.1 - Prob. 11.7LMCh. 11.1 - Prob. 11.8LMCh. 11.1 - If a straight-line probabilistic relationship...Ch. 11.1 - Congress voting on women's issues. The American...
Ch. 11.1 - Best-paid CEOs. Refer to Glassdoor Economic...Ch. 11.1 - Estimating repair and replacement costs of water...Ch. 11.1 - Forecasting movie revenues with Twitter. A study...Ch. 11.2 - The following table is similar to Table 11.2.It is...Ch. 11.2 - Refer to Exercise 11.14. After the least squares...Ch. 11.2 - Construct a scatterplot for the data in the...Ch. 11.2 - Consider the following pairs of measurements: a....Ch. 11.2 - Use the applet Regression by Eye to explore the...Ch. 11.2 - In business, do nice guys finish first or last?...Ch. 11.2 - State Math SAT scores. Refer to the data on...Ch. 11.2 - Lobster fishing study. Refer to the Bulletin of...Ch. 11.2 - Repair and replacement costs of water pipes. Refer...Ch. 11.2 - Joint Strike Fighter program. The Joint Strike...Ch. 11.2 - Software millionaires and birthdays. In Outliers:...Ch. 11.2 - Prob. 11.24ACICh. 11.2 - Ranking driving performance of professional...Ch. 11.2 - Sweetness of orange juice. The quality of the...Ch. 11.2 - Forecasting movie revenues with Twitter. Marketers...Ch. 11.2 - Charisma of top-level leaders. According to a...Ch. 11.2 - Ran kings of research universities. Refer to the...Ch. 11.2 - Prob. 11.30ACACh. 11.3 - Visually compare the scatterplots shown below. If...Ch. 11.3 - Calculate SSE and s2 for each of the following...Ch. 11.3 - Suppose you fit a least squares line to 26 data...Ch. 11.3 - Refer to Exercise 11.14 (p. 629). Calculate SSE,...Ch. 11.3 - Do nice guys really finish last in business? Refer...Ch. 11.3 - State Math SAT scores. Refer to the simple linear...Ch. 11.3 - Prob. 11.37ACBCh. 11.3 - Prob. 11.38ACBCh. 11.3 - Prob. 11.39ACBCh. 11.3 - Prob. 11.40ACICh. 11.3 - Prob. 11.41ACICh. 11.3 - Sweetness of orange juice. Refer to the study of...Ch. 11.3 - Rankings of research universities. Refer to the...Ch. 11.3 - Life tests of cutting tools. To Improve the...Ch. 11.4 - Construct both a 95% and a 90% confidence interval...Ch. 11.4 - Consider the following pairs of observations: a....Ch. 11.4 - Refer to Exercise 11.46. Construct an 80% and a...Ch. 11.4 - Do the accompanying data provide sufficient...Ch. 11.4 - State Math SAT Scores. Refer to the SPSS simple...Ch. 11.4 - Lobster fishing study. Refer to the Bulletin of...Ch. 11.4 - Prob. 11.51ACBCh. 11.4 - Prob. 11.52ACBCh. 11.4 - Estimating repair and replacement costs of water...Ch. 11.4 - Prob. 11.54ACBCh. 11.4 - Prob. 11.55ACICh. 11.4 - Beauty and electoral success. Are good looks an...Ch. 11.4 - Prob. 11.57ACICh. 11.4 - Prob. 11.58ACICh. 11.4 - Prob. 11.59ACICh. 11.4 - Prob. 11.60ACICh. 11.4 - Rankings of research universities. Refer to the...Ch. 11.4 - Prob. 11.62ACACh. 11.4 - Does elevation impact hitting performance in...Ch. 11.5 - Explain what each of the following sample...Ch. 11.5 - Describe the slope of the least squares line if a....Ch. 11.5 - Construct a scatterplot for each data set. Then...Ch. 11.5 - Calculate r2 for the least squares line in each of...Ch. 11.5 - Use the applet Correlation by Eye to explore the...Ch. 11.5 - In business, do nice guys finish first or last?...Ch. 11.5 - Going for it on fourth-down in the NFL Each week...Ch. 11.5 - Lobster fishing study. Refer to the Bulletin of...Ch. 11.5 - RateMyProfessors.com. A popular Web site among...Ch. 11.5 - Last name and acquisition timing. Refer to the...Ch. 11.5 - Women in top management. An empirical analysis of...Ch. 11.5 - Prob. 11.74ACICh. 11.5 - Prob. 11.75ACICh. 11.5 - Prob. 11.76ACICh. 11.5 - Prob. 11.77ACICh. 11.5 - Prob. 11.78ACICh. 11.5 - Evaluation of an imputation method for missing...Ch. 11.5 - Prob. 11.80ACICh. 11.5 - Prob. 11.81ACACh. 11.6 - Consider the followings of measurements: a...Ch. 11.6 - Consider the pairs of measurements shown in the...Ch. 11.6 - In fitting a least squares line to n = 10 data...Ch. 11.6 - Prob. 11.86ACBCh. 11.6 - Prob. 11.87ACBCh. 11.6 - Prob. 11.88ACBCh. 11.6 - Prob. 11.89ACBCh. 11.6 - Prob. 11.90ACBCh. 11.6 - Prob. 11.91ACICh. 11.6 - Ranking driving performance of professional...Ch. 11.6 - Spreading rate of spilled liquid Refer to the...Ch. 11.6 - Removing nitrogen from toxic wastewater. Highly...Ch. 11.6 - Predicting quit rates In manufacturing The reasons...Ch. 11.6 - Life tests of cutting tools Refer to the data...Ch. 11.7 - Prices of recycled materials. Prices of recycled...Ch. 11.7 - Thickness of dust on solar cells. The performance...Ch. 11.7 - Management research In Africa. The editors of the...Ch. 11.7 - An MBAs work-life balance. The importance of...Ch. 11 - In fitting a least squares line ton= 15 data...Ch. 11 - Consider the following sample data. a. Construct a...Ch. 11 - Consider the following 10 data points. a. Plot the...Ch. 11 - Drug controlled-release rate study. The effect of...Ch. 11 - Metaskills and career management. Effective...Ch. 11 - Burnout of human services professionals. Emotional...Ch. 11 - Retaliation against company whistle-blowers....Ch. 11 - Extending the life of an aluminum smelter pot. An...Ch. 11 - Diamonds sold at retail. Refer to the Journal of...Ch. 11 - Sports news on local TV broadcasts. The Sports...Ch. 11 - Evaluating managerial success. An observational...Ch. 11 - Doctors and ethics. Refer to the Journal of...Ch. 11 - FCAT scores and poverty. In the state of Florida,...Ch. 11 - Monetary values of NFL teams. Refer to the Forbes...Ch. 11 - Evaluating a truck weigh-in-motion program. The...Ch. 11 - Energy efficiency of buildings. Firms conscious of...Ch. 11 - Forecasting managerial needs. Managers are an...Ch. 11 - Prob. 11.118ACACh. 11 - Prob. 11.119CTCCh. 11 - Prob. 11.120CTC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- An article23 summarized results from the Nurses’ Health Study and the Health Pro- fessionals Follow-Up Study. The article reported (with RR = relative risk) that “Com- pared with nonregular use, regular aspirin use was associated with lower risk of overall cancer (RR 0.97; 95% CI 0.94, 0.99), which was primarily due to a lower incidence of gastrointestinal cancers, especially colorectal cancers (RR 0.81; 95% CI 0.75, 0.88).” Identify the response variables and the explanatory variable for these two results. Explain how to interpret the confidence interval about colorectal cancers. Would the association with overall cancer be considered (i) significant or non- significant? (ii) strong or weak? Explain. question 1 and 2arrow_forward12.3.22- The owner of a restaurant serving Continental-style entrées has the business objective of learning more about the patterns of patron demand during the Friday-to-Sunday weekend time period. Data were collected from 617 customers on the type of entrée ordered and the type of dessert ordered and organized into the accompanying table. At the 0.01 level ofsignificance, Calculate test statistic?P value: State conclusion: Alpha:arrow_forwardA research article on the effect of multitasking on grade performance describes an experiment in which 62 undergraduate business students were randomly assigned to one of two experimental groups. Students in one group were asked to listen to a lecture but were told that they were permitted to use cell phones to send text messages during the lecture. Students in the second group listened to the same lecture but were not permitted to send text messages. Afterwards, students in both groups took a quiz on material covered in the lecture. Data from this experiment are summarized in the accompanying table.arrow_forward
- The paper “Effect of long-term blood pressure control on salt sensitivity” [Journal of Medicine (1997) 28:147–156] describes a study evaluating salt sensitivity (SENS) after a period of antihypertensive treatment. Ten hypertensive patients (diastolic blood pressure between 90 and 115 mmHg) were studied after at least 18 months on antihypertensive treatment. SENS readings, which were obtained before and after the patients were placed on an antihypertensive treatment, are given in the table. 'Before' 'After' 22.86 6.11 7.74 -4.02 15.49 8.04 9.97 3.29 1.44 -0.77 9.39 6.99 11.4 10.19 1.86 2.09 -6.71 11.4 6.42 10.7 a) Write the null and alternate hypotheses What test will be used to test the hypothesis and what assumptions are required? test them. Is there significant evidence that the mean SENS value decreased after the patient received antihypertensive treatment?arrow_forwardMammograms A 9-year study in Sweden compared21,088 women who had mammograms with 21,195 whodid not. Of the women who underwent screening, 63 died of breast cancer, compared to 66 deaths among the con-trol group. (The New York Times, Dec 9, 2001) a) Do these results support the effectiveness of regu-lar mammograms in preventing deaths from breast cancer?b) If your conclusion is incorrect, what kind of error haveyou committed?arrow_forwardQuestion Red Wine and Weight LossResveratrol, a compound in grapes and red wine, has been shown to promote weight loss in rodents and now in a primate.1 Lemurs fed a resveratrol supplement for four weeks had decreased food intake, increased metabolic rate, and a reduction in seasonal body-mass gain compared to a control group. Suppose a hypothetical study is done for a different primate species, with one group given a resveratrol supplement and the other group given a placebo. We wish to see if there is evidence that resveratrol increases the mean metabolism rate for this species. (This exercise presents hypothetical data. We will see the results from the actual study later in this chapter.) (a) State the null and alternative hypotheses.Let group 1 be the species taking a resveratrol supplement and let group 2 be the species taking a placebo.arrow_forward
- Red Wine and Weight LossResveratrol, a compound in grapes and red wine, has been shown to promote weight loss in rodents and now in a primate.1 Lemurs fed a resveratrol supplement for four weeks had decreased food intake, increased metabolic rate, and a reduction in seasonal body-mass gain compared to a control group. Suppose a hypothetical study is done for a different primate species, with one group given a resveratrol supplement and the other group given a placebo. We wish to see if there is evidence that resveratrol increases the mean metabolism rate for this species. (This exercise presents hypothetical data. We will see the results from the actual study later in this chapter.) (a) State the null and alternative hypotheses.Let group 1 be the species taking a resveratrol supplement and let group 2 be the species taking a placebo.arrow_forwardThe scientific productivity of major world cities was the subject of a recent study. The study determined the number of scientific papers published between 1994 and 1997 by researchers from each of the 20 world cities, and is shown below. City Number of papers City Number of papers City 1 1616 City 11 33 City 2 2626 City 12 99 City 3 1212 City 13 2121 City 4 55 City 14 44 City 5 22 City 15 55 City 6 2626 City 16 44 City 7 66 City 17 2020 City 8 2525 City 18 1717 City 9 1616 City 19 2222 City 10 66 City 20 2525 Construct a 95 % confidence interval for the average number of papers published in major world cities. blank <μ<blankarrow_forwardResearchers are interested in the effectiveness of a new anti-retroviral medication at increasing 5 year survival for HIV infected persons with Hepatitis C. In order to test the efficacy of the new study drug, the researchers randomly assigned participants to receive either the new medication or a placebo. The following table summarizes preliminary results of the trial. Deceased Non-Deceased Total New Vaccine 55 84 139 Placebo 61 67 128 Total 116 151 267 A) Calculate the relative risk for mortality among those treated with the new vaccine versus the placebo. B) Interpret the relative risk measurement.arrow_forward
- 9 What particular aspects of the SPSS output would you look at to make your decision about the best model?arrow_forwardA recent study examined the effects of carbon monoxide exposure on a group of construction workers. The following table presents the numbers of workers who reported various symptoms, along with the shift (morning, evening, or night) that they worked. Morning Shift Evening Shift Night Shift Influenza 19 12 17 Headache 15 33 6 Weakness 12 14 7 Shortness of Breath 6 10 7 Send data to Excel Test the hypothesis of independence. Use the =α0.10 level of significance and the P-value method with the TI-84 Plus calculator. What do you conclude? H0: The shift and reported symptoms are/are not independent. H1: The shift and reported symptoms are/are not independent. This hypothesis test is a left tailed/right tailed/two tailed test.arrow_forwardCuring diabetes: Vertical banded gastroplasty is a surgical procedure that reduces the volume of the stomach in order to produce weight loss. In a recent study, 82 patients with Type 2 diabetes underwent this procedure, and 59 of them experienced a recovery from diabetes. Does this study provide convincing evidence that less than 76% of those with diabetes who undergo this surgery will recover from diabetes? Use the a = 0.05 level of significance and the P-value method with the TI-84 Plus calculator. State the appropriate null and alternate hypotheses. Compute the -value. Round the answer to at least four decimal places. Determine whether to reject H0 State a conclusion.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
Introduction to experimental design and analysis of variance (ANOVA); Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=vSFo1MwLoxU;License: Standard YouTube License, CC-BY