Statistics for the Behavioral Sciences
3rd Edition
ISBN: 9781506386256
Author: Gregory J. Privitera
Publisher: SAGE Publications, Inc
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Chapter 16, Problem 34PR
1.
To determine
Find the estimated value of the procrastination when Aitken Procrastination Inventory score is 30.
2.
To determine
Find the estimated value of the procrastination when Aitken Procrastination Inventory score is 40.
3.
To determine
Find the estimated value of the procrastination when Aitken Procrastination Inventory score is 50.
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Multiple regression is sometimes used in litigation. In the case of Cargill, Inc. v. Hardin (1971), the prosecution charged that the cash price of wheat was manipulated in violation of the Commodity Exchange Act. In a statistical study conducted for this case, a multiple regression model was constructed to predict the cash price of wheat using three supply-and-demand explanatory variables: economic growth, population growth, and meat consumption. Data for 24 years were used to construct the regression equation, and a prediction for the suspect period was computed from this equation.
Which of the independent variables is the most significant predictor of the cash price of wheat?
a. Intercept
b. Economic Growth
c. Population Growth
d. Meat Consumption
Multiple regression is sometimes used in litigation. In the case of Cargill, Inc. v. Hardin (1971), the prosecution charged that the cash price of wheat was manipulated in violation of the Commodity Exchange Act. In a statistical study conducted for this case, a multiple regression model was constructed to predict the cash price of wheat using three supply-and-demand explanatory variables: economic growth, population growth, and meat consumption. Data for 24 years were used to construct the regression equation, and a prediction for the suspect period was computed from this equation
Based on a significance level of 5%, which of the following independent variables significantly predict the cash price of wheat?
a. Economic Growth
b. Population Growth
c. Meat Consumption
d. All the independent variables significantly predict the cash price of wheat.
Multiple regression is sometimes used in litigation. In the case of Cargill, Inc. v. Hardin (1971), the prosecution charged that the cash price of wheat was manipulated in violation of the Commodity Exchange Act. In a statistical study conducted for this case, a multiple regression model was constructed to predict the cash price of wheat using three supply-and-demand explanatory variables: economic growth, population growth, and meat consumption. Data for 24 years were used to construct the regression equation, and a prediction for the suspect period was computed from this equation.
The actual cash price of wheat under investigation in 1963 was $2.13. Based on the comparison of the correct predicted cash price calculated in the previous question and the actual cash price, what does the evidence suggest about Cargill, Inc.?
a. Because the predicted price is relatively close to the actual price (within one cent), Cargill, Inc. probably did not artificially manipulate the price of wheat.…
Chapter 16 Solutions
Statistics for the Behavioral Sciences
Ch. 16.2 - Prob. 1.1LCCh. 16.2 - Prob. 1.2LCCh. 16.2 - Prob. 1.3LCCh. 16.4 - Prob. 2.1LCCh. 16.4 - Prob. 2.2LCCh. 16.4 - Prob. 2.3LCCh. 16.5 - Prob. 3.1LCCh. 16.5 - Prob. 3.2LCCh. 16.6 - Prob. 4.1LCCh. 16.6 - Prob. 4.2LC
Ch. 16.6 - Prob. 4.3LCCh. 16.8 - Prob. 5.1LCCh. 16.8 - Prob. 5.2LCCh. 16.8 - Prob. 5.3LCCh. 16.9 - Prob. 6.1LCCh. 16.9 - Prob. 6.2LCCh. 16.9 - Prob. 6.3LCCh. 16.13 - Prob. 7.1LCCh. 16.13 - Prob. 7.2LCCh. 16.13 - Prob. 7.3LCCh. 16 - Prob. 1FPCh. 16 - Prob. 2FPCh. 16 - Prob. 3FPCh. 16 - Prob. 4FPCh. 16 - Prob. 5FPCh. 16 - Prob. 6FPCh. 16 - Prob. 7FPCh. 16 - Prob. 8FPCh. 16 - Prob. 9FPCh. 16 - Prob. 10FPCh. 16 - Prob. 11FPCh. 16 - Prob. 12FPCh. 16 - Prob. 13CAPCh. 16 - Prob. 14CAPCh. 16 - Prob. 15CAPCh. 16 - Prob. 16CAPCh. 16 - Prob. 17CAPCh. 16 - Prob. 18CAPCh. 16 - Prob. 19CAPCh. 16 - Prob. 20CAPCh. 16 - Prob. 21CAPCh. 16 - Prob. 22CAPCh. 16 - Prob. 23CAPCh. 16 - Prob. 24CAPCh. 16 - Prob. 25CAPCh. 16 - Prob. 26CAPCh. 16 - Prob. 27CAPCh. 16 - Prob. 28CAPCh. 16 - Prob. 29CAPCh. 16 - Prob. 30PRCh. 16 - Prob. 31PRCh. 16 - Prob. 32PRCh. 16 - Prob. 33PRCh. 16 - Prob. 34PR
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