A multiple regression analysis based on 20 data points yielded the following fitted mode. Y = 3 + 5(X1) +1.0(X2) Y = Starting salary of college graduates (in thousand dollars). X1= GPA X2= 0 if Male. 1 if Female Interpret the regression coefficient of the dummy variable.
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- in multiple regression analysis, a residual is the difference between the value of a dependent variable and its corresponding independents variable value? True or false?Suppose there is a significant correlation between variables. describe 2 instances in which it might be inappropriate to use the linear regression model for predictionHypertension The investigators for a study collected standardized data on timed 24-hour urinary excretion for 10,079 men and women from 52 population samples in 32 countries. One of the goals of the study was to quantify the relationship between 24-hour urinary Na (y) and estimated 24-hour urinary Na (x) obtained from casual urine specimens at one point in time. The investigators presented a simple linear regression of y on x, separately for men and women. The regression equation for men was: Y = 1.09x - 7.11, with R² = 0.26, n = 1,369 Hint: Assume that a t distribution with > 200 df is the same as a N(0, 1) distribution. You can use the Distribution Calculators page in SALT to find critical values and/or p-values to answer parts of this question. (a) What does the R² of 0.26 mean in words? R²: = 0.26 means that about 74% of the time the estimated 24-hour urinary Na matches the 24-hour urinary Na obtain from casual urine specimens at one point in time. R² = 0.26 means that about 26% of…
- Why was the variable “# of customer service representatives” dropped from the model? Write the regression equation. Sales of men’s clothing (predicted) = Are the regression coefficients significantly different from 0? If one mails 10,000 catalogs and has 15 phone lines open, what would the predicted sales of men’s clothing be? How would you interpret the regression coefficient for number of catalogs mailed? What is the final R2 of the model? How would you interpret this? Which of the two independent variables is the most important predictor of the dependent variable? Why?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 *??"The following table gives the data for the average temperature and the snow accumulation in several small towns for a single month. Determine the equation of the regression line, yˆ=b0+b1x�^=�0+�1�. Round the slope and y-intercept to the nearest thousandth. Then determine if the regression equation is appropriate for making predictions at the 0.050.05 level of significance. Critical Values of the Pearson Correlation Coefficient Average Temperatures and Snow Accumulations Average Temperature (℉℉) 3939 2525 1515 4242 4242 2424 3232 2020 3030 3737 Snow Accumulation (in.in.) 66 1515 2929 66 1414 2626 2323 1212 1616 77 Copy Data Regression equation: yˆ=�^= Is the equation appropriate? Yes
- Increase in sales (percent) An advertising firm wishes to demonstrate to its clients the effectiveness of the advertising campaigns it has conducted. The following bivariate data on twelve recent campaigns, including the cost of each campaign (in millions of dollars) and the resulting percentage increase in sales following the campaign, were presented by the firm. Based on these data, we would compute the least-squares regression line to be y = 6.16+0.18x, with x representing campaign cost and y representing the resulting percentage increase in sales. (This line is shown below, along with a scatter plot of the data.) Increase in sales, y Campaign cost, x (in millions of dollars) (percent) 3.02 6.91 7.2+ 1.92 6.80 3.83 6.85 6.8- 1.40 6.37 6.6 - 3.12 6.42 3.56 6.82 6.4- 4.06 6.94 6.2 1.64 6.56 6- 2.06 6.50 1.62 6.18 1.5 2.5 3.5 6.66 Campaign cost (in millions of dollars) 2.87 2.25 6.61 Send data to calculator Based on the firm's data and the regression line, complete the following. (a)…To determine if the listing price of a house influences the selling price; a financial analyst sampled fifty houses and collected data on sale price, Y,(in $'000) and listed price,X,(in$'000) and fitted a regression model to the data. (a) Calculate the value of the test statistic if the regression sum of squares of fitted model was 25818.5 and error sum of squares was 1341 (round off answer to two decimal points)In a multiple regression analysis involving an intercept, 15 independent variables and 200 observations, Total SS = 800 and Residual SS = 240. Adjusted R-squared is
- The regression line for the given data is = 6.91x + 46.26. Determine the residual of a data point for which x = 4 and y = 75.what is a confidence coefficinent for a simple linear regression line whoes alpha =0.05 and line is y(hat)=-7.45-10xA 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 ($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 Сoef 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 1991.31 663.77 ?? Error 12 77.4 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 ??' d) Hence test whether B is significant. Give reasons for your answer. e) Perform the F…
