Bundle: Introduction to Statistics and Data Analysis, 5th + WebAssign Printed Access Card: Peck/Olsen/Devore. 5th Edition, Single-Term
5th Edition
ISBN: 9781305620711
Author: Roxy Peck, Chris Olsen, Jay L. Devore
Publisher: Cengage Learning
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Chapter 14.2, Problem 23E
To determine
Test whether the given model is useful at 0.10 level of significance.
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The article “Models for Assessing Hoisting Times of Tower Cranes” (A. Leung and C. Tam, Journal of Construction Engineering and Management, 1999: 385–391) presents a model constructed by a stepwise regression procedure to predict the time needed for a tower crane hoisting operation. Twenty variables were considered, and the stepwise procedure chose a nine-variable model. The adjusted R2 for the selected model was 0.73. True or false: a) The value 0.73 is a reliable measure of the goodness of fit of the selected model. b) The value 0.73 may exaggerate the goodness of fit of the model. c) A stepwise regression procedure selects only variables that are of some use in predicting the value of the dependent variable. d) It is possible for a variable that is of no use in predicting the value of a dependent variable to be part of a model selected by a stepwise regression procedure.
A)
A multiple regression model was used in production the speed of a car
based on several factors known to affect the speed. A graph of the residuals
for the predicted values is presented below.
i) Discuss the relevance of the graph shown below in relation to the
normality of predicted values.
6.00000-
4.00000-
225
2.00000
00000-
-2.00000-
424
164
226
227
O163
-4.00000-
Standardized Residual
(b) The diameter of iron rods issued in a high rising building pillars are
under investigation. The diameter for Eleven rods were measured and the
following results are obtained:
Days
14.5
16.0 15.4 16.3
15.4 15.9
15.5 14.9
15.7
16.0
15.9
i. Determine The Interquartile range of the data
ii. Determine a measure to describe the asymmetry of the data set.
Q.2 Since outbreak of COVID-19 pandemic insurance companies started spending on
Advertisement of Corona Kavach policy to enhance the revenue due to rising number of cases in
India. The data below explains the advertising expenditure and revenue of seven companies.
a) Is there any association between advertising expenditure and revenue earned ?
b) Use the data to develop a regression line to predict the amount of advertising by revenues?
c) What is your interpretation from the calculations in part a and b respectively?
Name of company
Advertising (in Rs.)
1073
Revenues (in Rs.)
Birla Sunlife
408.2
Bharti Axa
4898
79.7
Religare Health care
Мax Bupa
Reliance health care
HDFC ergo
United Insurance
3345
123.0
3296
104.6
2822
| 2577
|829
107.8
118.3
114.6
Chapter 14 Solutions
Bundle: Introduction to Statistics and Data Analysis, 5th + WebAssign Printed Access Card: Peck/Olsen/Devore. 5th Edition, Single-Term
Ch. 14.1 - Prob. 1ECh. 14.1 - The authors of the paper Weight-Bearing Activity...Ch. 14.1 - Prob. 3ECh. 14.1 - Prob. 4ECh. 14.1 - Prob. 5ECh. 14.1 - Prob. 6ECh. 14.1 - Prob. 7ECh. 14.1 - Prob. 8ECh. 14.1 - Prob. 9ECh. 14.1 - The relationship between yield of maize (a type of...
Ch. 14.1 - Prob. 11ECh. 14.1 - A manufacturer of wood stoves collected data on y...Ch. 14.1 - Prob. 13ECh. 14.1 - Prob. 14ECh. 14.1 - Prob. 15ECh. 14.2 - Prob. 16ECh. 14.2 - State as much information as you can about the...Ch. 14.2 - Prob. 18ECh. 14.2 - Prob. 19ECh. 14.2 - Prob. 20ECh. 14.2 - The ability of ecologists to identify regions of...Ch. 14.2 - Prob. 22ECh. 14.2 - Prob. 23ECh. 14.2 - Prob. 24ECh. 14.2 - Prob. 25ECh. 14.2 - Prob. 26ECh. 14.2 - This exercise requires the use of a statistical...Ch. 14.2 - Prob. 28ECh. 14.2 - The article The Undrained Strength of Some Thawed...Ch. 14.2 - Prob. 30ECh. 14.2 - Prob. 31ECh. 14.2 - Prob. 32ECh. 14.2 - Prob. 33ECh. 14.2 - This exercise requires the use of a statistical...Ch. 14.2 - This exercise requires the use of a statistical...Ch. 14.3 - Prob. 36ECh. 14.3 - Prob. 37ECh. 14.3 - Prob. 38ECh. 14.3 - Prob. 39ECh. 14.3 - The article first introduced in Exercise 14.28 of...Ch. 14.3 - Data from a random sample of 107 students taking a...Ch. 14.3 - Benevolence payments are monies collected by a...Ch. 14.3 - Prob. 43ECh. 14.3 - Prob. 44ECh. 14.3 - Prob. 45ECh. 14.3 - Prob. 46ECh. 14.3 - Exercise 14.26 gave data on fish weight, length,...Ch. 14.3 - Prob. 48ECh. 14.3 - Prob. 49ECh. 14.3 - Prob. 50ECh. 14.4 - Prob. 51ECh. 14.4 - Prob. 52ECh. 14.4 - The article The Analysis and Selection of...Ch. 14.4 - Prob. 54ECh. 14.4 - Prob. 55ECh. 14.4 - Prob. 57ECh. 14.4 - Prob. 58ECh. 14.4 - Prob. 59ECh. 14.4 - Prob. 60ECh. 14.4 - This exercise requires use of a statistical...Ch. 14.4 - Prob. 62ECh. 14 - Prob. 63CRCh. 14 - Prob. 64CRCh. 14 - The accompanying data on y = Glucose concentration...Ch. 14 - Much interest in management circles has focused on...Ch. 14 - Prob. 67CRCh. 14 - Prob. 68CRCh. 14 - Prob. 69CRCh. 14 - A study of pregnant grey seals resulted in n = 25...Ch. 14 - Prob. 71CRCh. 14 - Prob. 72CRCh. 14 - This exercise requires the use of a statistical...
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