Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 15.6, Problem 27E
a.
To determine
Find a point estimate of the
b.
To determine
Find a point estimate for an individual value of y when
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In exercise 1, the following estimated regression equation based on 10 observations was presented.
y^=29.1270+.5906x1+.4980x2Develop a point estimate of the mean value of y when x1=180 and x2=310.
Predict an individual value of y when x1=180 and x2=310.
If a sample of 25 pairs of data yields a correlation coefficient, r, of 0.390 and the scatterplot displays a linear trend, can you use the regression equation to make predictions, assuming your x-values are within the domain of the data set? Choose your answer from the multiple choice answers below
A.) Yes, because rcrit = 0.396 and the regression coefficient, r, is less than this value.
B.) Yes, because rcrit = 0.381 and the regression coefficient, r, is greater than this value.
C.) No, because rcrit = 0.381 and the regression coefficient, r, is greater than this value.
D.) No, because rcrit = 0.396 and the regression coefficient, r, is less than this value.
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 adequate
Chapter 15 Solutions
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 15.2 - 1. The estimated regression equation for a model...Ch. 15.2 - Consider the following data for a dependent...Ch. 15.2 - Prob. 3ECh. 15.2 - 4. A shoe store developed the following estimated...Ch. 15.2 - The owner of Showtime Movie Theaters, Inc. would...Ch. 15.2 - NFL Winning Percentage. The National Football...Ch. 15.2 - Prob. 7ECh. 15.2 - Scoring Cruise Ships. The Condé Nast Traveler Gold...Ch. 15.2 - The Professional Golfers Association (PGA)...Ch. 15.2 - Baseball Pitcher Performance. Major League...
Ch. 15.3 - 11. In exercise 1, the following estimated...Ch. 15.3 - 12. In exercise 2, 10 observations were provided...Ch. 15.3 - Prob. 13ECh. 15.3 - Prob. 14ECh. 15.3 - 15. In exercise 5, the owner of Showtime Movie...Ch. 15.3 - Prob. 16ECh. 15.3 - In part (d) of exercise 9, data contained in the...Ch. 15.3 - Prob. 18ECh. 15.5 - In exercise 1, the following estimated regression...Ch. 15.5 - Prob. 20ECh. 15.5 - Prob. 21ECh. 15.5 - Prob. 22ECh. 15.5 - Testing Significance in Theater Revenue. Refer to...Ch. 15.5 - Testing Significance in Predicting NFL Wins. The...Ch. 15.5 - The Condé Nast Traveler Gold List provides ratings...Ch. 15.5 - Prob. 26ECh. 15.6 - Prob. 27ECh. 15.7 - 32. Consider a regression study involving a...Ch. 15.7 - Prob. 33ECh. 15.7 - 34. Management proposed the following regression...Ch. 15.7 - Repair Time. Refer to the Johnson Filtration...Ch. 15.7 - Prob. 36ECh. 15.7 - Prob. 37ECh. 15.8 - Prob. 40ECh. 15.8 - Exercise 5 gave the following data on weekly gross...Ch. 15.8 - The following table reports the price, horsepower,...Ch. 15 - 49. The admissions officer for Clearwater College...Ch. 15 - The personnel director for Electronics Associates...Ch. 15 - Prob. 46SECh. 15 - Recall that in exercise 44, the admissions officer...Ch. 15 - Recall that in exercise 45 the personnel director...Ch. 15 - Fortune magazine publishes an annual list of the...Ch. 15 - The Department of Energy and the U.S....Ch. 15 - The Tire Rack, an online distributor of tires and...Ch. 15 - The National Basketball Association (NBA) records...Ch. 15 - Consumer Research, Inc., is an independent agency...Ch. 15 - Matt Kenseth won the 2012 Daytona 500, the most...Ch. 15 - When trying to decide what car to buy, real value...
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- In a study of possible correlation between the height in cm (X) and the weight in kg (Y) of chimpanzees, a sample of 40 animals produces a correlation coefficient of r=0.813 and a regression line with equation Y=0.34X+19.5. What is the expected weight of a chimpanzee that is 157 cm tall? Round off final answer to 2 decimal places.arrow_forwardA study of the amount of rainfall and the quantity of air pollution removed produced the following data shown in table below: Daily Rainfall x (0.01 cm) Particulate Removed y (μg/m3) 7 126 7.9 129.3 7.5 125.3 9.2 120.2 10.8 116.7 5.8 119.2 5.6 138.7 2.7 147.5 9.2 110.3 Compute and interpret the coefficient of determination, and coefficient of correlation for the given data. What will be the regression equation, when swapped depended and independent variablearrow_forwardIn exercise 4, the following estimated regression equation relating sales to inventory investment and advertising expenditures was given.The data used to develop the model came from a survey of 10 stores; for these dataSST = 16,000 and SSR =12,000. yˆ = 25 + 10x1 + 8x2 a. Compute SSE, MSE, and MSR.b. Use an F test and a .05 level of significance to determine whether there is a relationship among the variables.arrow_forward
- on the basis of the value of linear correlation coefficient, would you conclude, at the /r/>0.9 level, that the data can be reasonably modeled linear equation?arrow_forwardWhat is the effect of this violation on the regression model? "The number of observations n is less than or equal to the number of parameters to be estimated"arrow_forwardSuppose the following data were collected from a sample of 15 houses relating selling price to square footage and the architectural style of the house. Use statistical software to find the following regression equation: PRICEi=b0+b1SQFTi+b2COLONIALi+b3RANCHi+ei . Is there enough evidence to support the claim that on average, houses that are ranch style have lower selling prices than houses that are Victorian style at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."Selling Price Square Footage Colonial (1 if house is Colonial style, 0 otherwise) Ranch (1 if house is Ranch style, 0 otherwise) Victorian (1 if house is Victorian style, 0 otherwise) 377640 1941 1 0 0 460996 3397 0 1 0 405781 2764 0 0 1 407216 2906 0 0 1 435139 3401 1 0 0 405275 2600 0 0 1 381141 2203 0 1 0 370490 2046 1 0 0 404070 2210 0 0 1 460196 3692 0 1 0 382780 2172 1 0 0 406466 2606 0 1…arrow_forward
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