Stats
Stats
5th Edition
ISBN: 9780135163825
Author: De Veaux, Richard D., Velleman, Paul F., BOCK, David E.
Publisher: Pearson,
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Chapter 23, Problem 1E
To determine

Write the regression model.

Explain the slope coefficient means in the context.

Expert Solution & Answer
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Answer to Problem 1E

The regression model is,

Earn^=14,468.1+27.262(SAT)

The slope coefficient means in the context is the graduates earn approximately $27.26 per year more for each additional point in SAT score.

Explanation of Solution

Given info:

A output shows the regression model and associated plots.

Calculation:

The linear regression model is,

y^=b0+b1x

Where, y^ represents the predicted variable, x represents the predictor variable b0 represents intercept and b1 represents slope.

From the output, it can be observed that the predicted variable is Earn, predictor variable is SAT score, intercept is 14,468.1 and the slope is 27.262.

Thus, the linear regression model that predicts from SAT score is,

Earn^=14,468.1+27.262(SAT)

Here, the slope coefficient means in the context is the graduates earn approximately $27.26 per year more for each additional point in SAT score.

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Chapter 23 Solutions

Stats

Ch. 23 - Prob. 5ECh. 23 - Prob. 6ECh. 23 - Prob. 7ECh. 23 - Prob. 8ECh. 23 - Prob. 9ECh. 23 - Prob. 10ECh. 23 - Prob. 11ECh. 23 - 12. Shoot to score, overtime The coach in Exercise...Ch. 23 - Prob. 13ECh. 23 - Prob. 14ECh. 23 - 15. Earnings and more A second predictor in...Ch. 23 - 16. Shoot to score, double overtime Continuing...Ch. 23 - Prob. 17ECh. 23 - Prob. 18ECh. 23 - Prob. 19ECh. 23 - Prob. 20ECh. 23 - Prob. 21ECh. 23 - 22. Drug use 2013 The 2013 World Drug Report...Ch. 23 - Sea ice Climate scientists have been observing the...Ch. 23 - Saratoga house prices How does the price of a...Ch. 23 - Prob. 25ECh. 23 - Prob. 26ECh. 23 - Prob. 27ECh. 23 - Prob. 28ECh. 23 - Prob. 29ECh. 23 - Prob. 30ECh. 23 - Prob. 31ECh. 23 - Prob. 32ECh. 23 - Prob. 33ECh. 23 - 34. Used Civics 2017 On January 22, 2017,...Ch. 23 - Prob. 35ECh. 23 - Prob. 36ECh. 23 - Prob. 37ECh. 23 - 38. Civics again The price of a car depends on its...Ch. 23 - Prob. 39ECh. 23 - 40. Fuel economy A consumer organization has...Ch. 23 - Prob. 41ECh. 23 - Prob. 42ECh. 23 - Prob. 43ECh. 23 - Prob. 44ECh. 23 - 45. Climate change again Consider once again the...Ch. 23 - 46. Cereals A healthy cereal should be low in both...Ch. 23 - Prob. 47ECh. 23 - Prob. 48ECh. 23 - Prob. 49ECh. 23 - Prob. 50ECh. 23 - Prob. 51ECh. 23 - 52. Sales and profits A business analyst was...Ch. 23 - Prob. 53ECh. 23 - 54. More sales and profits Consider again the...Ch. 23 - Prob. 55ECh. 23 - Prob. 56ECh. 23 - Prob. 57ECh. 23 - Prob. 58ECh. 23 - Prob. 59ECh. 23 - Prob. 60ECh. 23 - 61. Education and mortality The following software...Ch. 23 - 62. Property assessments The following software...Ch. 23 - Prob. 63ECh. 23 - Prob. 64E
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