A sales manager for an advertising agency believes there is a relationship between the number of contacts that a salespersonmakes and the amount of sales dollars earned. A regression analysis shows the following results.Coefficients Standard Errort-Statp-valueIntercept-12.2016.560-1.8600.100Number of contacts2.1950.17612.5050.000ANOVAdfSSMSFSignificance FRegression1.00 |13,555.4213,555.42156.380.00Residual8.00693.4886.68Total9.00 14,248.90Assume that X = 33.4 and 2(X – X)´ = 2814. 4. Rounding to one decimal place, the 95% confidence interval for 30 calls is Multiple Choice46.7, 60.651.4, 55.955.8, 51.531.1, 76.2

Answered: Image /qna-images/answer/b2445a77-c3a3-4d9d-a8f7-decee04b198b.jpg

Answered: A sales manager for an advertising…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Data on 17 randomly selected athletes was obtained concerning their cardiovascular fitness (measured by time to exhaustion running on a treadmill) and performance in a 20-km ski race. Both variables were measured in minutes and a regression analysis was performed. ski = 86 2.4 treadmill Coefficients Estimate (Intercept) Treadmill 86 -2.4 Std. Error What is the test statistic? -2.791 0.26 0.86 Is there sufficient evidence to conclude that there is a linear relationship between cardiovascular fitness and ski race performance? Round your answers to three decimal places. Using your answer from the previous question, find the p-value. Part 2 of 3
Explain Which of the following statements are true about studentized residuals? They are the deviations of the observed values from the fitted line. They're closely related to the errors of prediction of the observation. Large studentized residuals will lead to large influence on the regression model in all circumstances
In the above regression of air quality on other variables in question 2, R-squared is 0.3829. How do you interpret it?
The regression equation for predicting a woman's muscle mass (a quantitative metric, Y) from age (in years, X) is given as ý = 156.35 - 1.19. The ANOVA table for the linear regression of Y vs X is given below. Source Df SS MS p-value Age 11627.5 11627,5 174.06 <,0001 Error 58 3874.4 66.8 Total 59 15501.9 Fill in the blanks below that demonstrate how to construct an interval estimate for the muscle mass of an individual 60-year-old woman. Use a confidence level of 95%; note that the multiplier is t = 2.002 and the standard error of the mean response is s(i,) = 1.055. 95% Interval: ( Select) + ( Select ) [ Select]
A sales manager for an advertising agency believes there is a relationship between the number of contacts that a salesperson makes and the amount of sales dollars earned. A regression analysis shows the following results. Coefficients Standard Error t-Stat p-value Intercept -12.201 6.560 -1.860 0.100 Number of contacts 2.195 0.176 12.505 0.000 ANOVA df SS MS F Significance F Regression 1.00 |13,555.42 |13,555.42 156.38 0.00 Residual 8.00 693.48 86.68 Total 9.00 14,248.90 Assume that X = 33.4 and E(X – X) 2814.4. Rounding to one decimal place, the 95% confidence interval for 30 calls is
Zagat restaurant guides publish ratings of restaurants for many large cities around the world. The restaurants are rated on a 0 to 30 point scale based on quality of food, decor, service, and cost. Suppose that someone wants to predict the cost of dinner at a restaurant in a city based on the Zagat food quality ratings. If 10 restaurants in a city are sampled and the regression output is given below, what can we conclude about the slope of food quality? Since we are not given the dataset, we do not have enough information to determine if the slope differs from 0. 2) The slope is 2.521 and therefore differs from 0. 3) The slope significantly differs from 0. 4) Not enough evidence was found to conclude the slope differs significantly from 0. 5) The slope is equal to 0.
Write the formula for the estimated regression line and interpret the slope of the estimated regression line, the intercept of the estimated regression line- Is it meaningful?, and the estimated R2. Based on the fitted regression model, what is the predicted ATST for a child who is 7 years old? What is the correlation between AGE and ATST? Does the residual plot suggest that the fitted regression line is inappropriate for these data? Explain why or why not. Suppose that a new subject is added to the study data and that subject is 12.5 years old with an ATST of 580 minutes. If the regression model were to be refit with this additional data point, would the new slope be greater than or less than -14.041? Justify your response.
Please help interpret this SPSS output of a multiple regression analysis result? DV- To what extent the product safety incident have changed your perceptions of the involved brand(s) IV'S- Trustworthy , Reliability , I don’t know how good the company’s products will be before I buy it. , Preventability
Which of the following tools is not appropriate for studying the relationship between two numerica variables? Correlation coefficient Scatter plot Historam Regression
e) Perform the F Test making sure to state the null and alternative hypothesis.
Hi, please help with this assignment. Please show the work step by step as I am having trouble understanding how to compute them.
The regional manager of a franchise business is interested in understanding how income in a region affects sales. Below is a regression output for sales ($’000) regressed on the average household income of an area ($’000) Linear Fit Sales = 14.5774 + 2.9048*Income Summary of Fit RSquare 0.9683 RSquare Adj 0.9630 Root Mean Square Error 3.1083 Mean of Response 43.6250 Analysis of Variance Source DF Sum of Squares Mean Square F Ratio Model 1 1771.9048 1771.90 183.3946 Error 6 57.9702 9.66 Pro>F C. Total 7 1829.8750 ItI Intercept 14.5774 2.4101 6.05 0.0009* Income 2.9098 0.2145 13.54 < 0.0001* Answer the following questions: (i) What is the average sales across all regions? (ii) Interpret the slope of regression (iii) What is the prediction of the value of sales in a region with an average…

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS