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Concept explainers
This exercise requires use of a statistical software package. The accompanying n = 25 observations on y = Catch at intake (number of fish), x1 = Water temperature (°C), x2 = Minimum tide height (m), x3 = Number of pumps running, x4 = Speed (knots), and x5 = Wind-
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Chapter 14 Solutions
Bundle: Introduction to Statistics and Data Analysis, 5th + WebAssign Printed Access Card: Peck/Olsen/Devore. 5th Edition, Single-Term
- If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use it to find a second model for the data. Graph this new equation along with your first model. How do they compare?arrow_forwardFind the equation of the regression line for the following data set. x 1 2 3 y 0 3 4arrow_forwardOlympic 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?arrow_forward
- The administration of a midwestern university commissioned a salary equity study to help establish benchmarks for faculty salaries. The administration utilized the following regression model for annual salary, y : ?(?) β0+β1x ,where ?=0 if lecturer, 1 if assistant professor, 2 if associate professor, and 3 if full professor. The administration wanted to use the model to compare the mean salaries of professors in the different ranks. a) Explain the flaw in the model. b)Propose an alternative model that will achieve the administration’s objective. c) If the global F-test for the model you proposed in 2 is conducted, what would be the value of the numerator degrees of freedom?arrow_forwardAn agribusiness performed a regression of wheat yield (bushels per acre) using observations on 21 test plots with four predictors (rainfall, fertilizer, soil acidity, hours of sun). The standard error was 1.02 bushels.arrow_forwardA researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+BOIL+YEXP+8FDI Where FR = yearly foreign reserves ($000's), OIL = annual oil prices, EXP = yearly total exports (S000's) and FDI = annual foreign direct investment (S000's). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 ЕXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** s = 2.45 R-sq = 96.3% R-sq (adj) = 95.3% Analysis of Variance Source DF MS Regression 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15arrow_forward
- A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B01L+YEXP+8FDI Where FR = yearly foreign reserves (So000's), OIL = annual oil prices, EXP = yearly total exports (S000's) and FDI = annual foreign direct investment ($000's). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 s - 2.45 R-sq = 96.3% R-sq(adj) = 95.3% Analysis of Variance Source DF MS F Regression 3 1991.31 663.77 ?? Error 12 43. רר 6.45 Total 15 a) What is dependent and independent variables? b) Fully write out the regression equation c) Fill in the missing values **', **', '?'and *??"arrow_forwardFit these three regression models and then discuss the similarities and differences between them, particularly as relates to slope estimates (use CI’s) and R2. Also address why this is a “special case” and we wouldn’t necessarily expect to see these model characteristics for a typical dataset. a) Additive model including both predictors (output attached) b) Model including only Moisture (output attached) c) Model including only Sweetness BrandLiking = 68.62 + 4.38 Sweetness Term 95% CI P-ValueConstant (50.16, 87.09) 0.000Sweetness (-1.46, 10.21) 0.130 S R-sq R-sq(adj)10.8915 15.57% 9.54%arrow_forwardA researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to 2016: ??=?+????+????+????Where FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports ($000’s) and FDI = annual foreign direct investment ($000’s). The sample of data was processed using MINITAB and the following is an extract of the output obtained:Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491OIL 85.39 18.46 4.626 0.0006EXP -377.08 112.19 * 0.0057FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3%Analysis of VarianceSource DF SS MS F pRegression 3 1991.31 663.77 ? ??Error 12 77.4 6.45Total 15 Perform the F Test making sure to state the null and alternative hypothesis. f) Given an interpretation of the term “R-sq” and comment on its value.arrow_forward
- A researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to 2016: ??=?+????+????+????Where FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports ($000’s) and FDI = annual foreign direct investment ($000’s). The sample of data was processed using MINITAB and the following is an extract of the output obtained:Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491OIL 85.39 18.46 4.626 0.0006EXP -377.08 112.19 * 0.0057FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3%Analysis of VarianceSource DF SS MS F pRegression 3 1991.31 663.77 ? ??Error 12 77.4 6.45Total 15a) What is dependent and independent variables? b) Fully write out the regression equation [1] c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’arrow_forwardA researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to 2016: ??=?+????+????+????Where FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports ($000’s) and FDI = annual foreign direct investment ($000’s). The sample of data was processed using MINITAB and the following is an extract of the output obtained:Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491OIL 85.39 18.46 4.626 0.0006EXP -377.08 112.19 * 0.0057FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3%Analysis of VarianceSource DF SS MS F pRegression 3 1991.31 663.77 ? ??Error 12 77.4 6.45Total 15a) What is dependent and independent variables? [2]b) Fully write out the regression equation [1] c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’ [4] d) Hence test whether ? is significant. Give reasons for your answer. [4]…arrow_forwardA researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to 2016: ??=?+????+????+????Where FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports ($000’s) and FDI = annual foreign direct investment ($000’s). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491OIL 85.39 18.46 4.626 0.0006EXP -377.08 112.19 * 0.0057FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3% Analysis of VarianceSource DF SS MS F pRegression 3 1991.31…arrow_forward
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