(a) What is the equation of the LSRL? (b) What is the predicted salary for an academic program that takes 30 semesters to complete? (c) Interpret the y-intercept of the regression line in the context of the problem.
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- A sports statistician was interested in the relationship between game attendance (in thousands) and the number of wins for baseball teams. Information was collected on several teams and was used to obtain the regression equation ŷ = 4.9x + 15.2, where x represents attendance (in thousands) and ŷ is the predicted number of wins. Which statement best describes the meaning of the slope of the regression line? For each increase in attendance by 1,000, the predicted number of wins increases by 4.9. For each increase in attendance by 1,000, the predicted number of wins increases by 15.2. For each increase in the number of wins by 1, the predicted attendance increases by 4,900. For each increase in the number of wins by 1, the predicted attendance increases by 15,200.A sports-equipment researcher was interested in the relationship between the speed of a golf club (in feet per second) and the distance a golf ball travels (in yards). Information was collected on several golfers and was used to obtain the regression equation ŷ = 2x - 106, where x represents the club speed and ŷ is the predicted distance. Which statement best describes the meaning of the slope of the regression line? For each increase in distance by 1 yard, the predicted club speed increases by 2 ft/sec. For each increase in distance by 1 yard, the predicted club speed decreases by 106 ft/sec. For each increase in club speed by 1 ft/sec, the predicted distance increases by 2 yards. For each increase in club speed by 1 ft/sec, the predicted distance decreases by 106 yards.X Y Stress Frustration 2 1 2 2 3 4 3 4 3 5 Researcher wants to know if perception of stress (X) predicts a person's frustrationlevel (Y) and wants to create a regression equation. Calculate a (y-intercept)
- An educator wants to see how the number of absences for a student in her class affects the student’s final grade by formulating the equation of the regression line. The data obtained from a sample are shown. Required: Slope of the regression line Only the final answer should be rounded-off to TWO decimal places.(a) Find the coefficient of determination and interpret the result. How can the coefficient of determination be interpreted? (b) Find the standard error of estimate se and interpret the result. How can the standard error of estimate be interpreted?A 1 ROAA (%) Efficiency Ratio (%) 2 1.04 39.93 3 57.75 4 81.4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 0.68 7.27 1.08 0.72 0.92 0.79 1.04 1.76 1.07 1.37 0.93 0.66 1.72 1.5 0.59 2.12 1.11 1.45 1.06 B A 53.49 71.08 65.41 68.07 68.14 68.1 64.82 48.58 63.1 59.16 49.93 54.7 81.6 75.21 69.82 49.47 57.09 с Total Risk-Based Capital (%) 17.04 13.88 27.77 18.31 14.66 14.04 13.38 16.8 16.69 13.86 12 18.65 19.76 17.69 26.6 15.08 14.55 17.5 16.03 14.62 D E F G H |
- The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. Weekly Gross Revenue ($1,000s) 96 90 ŷ = 95 92 95 94 94 94 Television Newspaper Advertising Advertising ($1,000s) ($1,000s) 5.0 2.0 4.0 2.5 3.0 3.5 2.5 3.0 1.5 2.0 1.5 2.5 3.3 2.3 4.2 2.5 (a) Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let X₁ amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.) ŷ = represent the (b) Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. (Round your numerical values to two decimal places. Let x₁ represent the amount of television advertising in $1,000s, x₂ represent the amount of newspaper advertising in $1,000s, and y represent the weekly…The National Football League (NFL) records a variety of performance data for individuals and teams. To investigate the importance of passing on the percentage of games won by a team, the following data show the average number of passing yards per attempt (Yards/Attempt) and the percentage of games won (WinPct) for a random sample of 10 NFL teams for the 2011 season.t Team Yards/Attempt WinPct Arizona Cardinals 6.5 50 Atlanta Falcons 7.1 63 Carolina Panthers 7.4 38 Chicago Bears 6.4 50 Dallas Cowboys 7.4 50 New England Patriots 8.3 81 Philadelphia Eagles 7.4 50 Seattle Seahawks 6.1 44 St. Louis Rams 5.2 13 Tampa Bay Buccaneers 6.2 25 (a) Develop a scatter diagram with the number of passing yards per attempt on the horizontal axis and the percentage of games won on the vertical axis. 90 90 90 90 80 80 80 80 70 70 70 70 60 60 60 60 50 50 50 50 40- 40 40 40 30 30 30 30 20 20 20 20 10 10 10 10 5 6 7 8 6 7 8 9 7 8 9 5 7 8 Yards/Attempt Yards/Attempt Yards/Attempt Yards/Attempt (b) What does…An individual wants to determine how much money a boy scout earns from selling popcorn (Y-variable) based on the length of time (in days) that they went out selling (X-variable). Using the following linear regression equation Ŷ = 5 + 20X: a. State the value of the intercept AND the value of the slope (2 points) b. Based on the given regression equation, what can you determine about the direction of the relationship between X and Y (i.e. is it positive or negative)? (2 points) c. If a boy scout sells popcorn for 4 days, how much money is he predicted to earn? (2 points)
- An oceanographer measured the length, in meters, of a deepwater wave and its speed, in meters per second. The results are shown in the following table. (a) Find the equation of a linear regression line for the data where wave length is the independent variable, x, and speed is the dependent variable. (Round your numerical values to two decimal places.) y= ? (b) Using the equation from part (a), estimate the speed (in meters per second) of a wave that is 200 m long. (Round your answer to one decimal place.) ? m/sStatistics professor wants to use the number of hours (x) a student studies for a statistics final exam to predict the final exam score (y). A regression model was fit based on data collected from a class during the previous semester, with the following results: (y hat): y = 35.0 + 3X What is the slope? a. Yb. 35.0c. 3d. XSuppose Isabella has developed the following fitted regression equation for the price of a Edmonton condo: Price = 152000 + 50*(Square Footage) (a) If someone wants to purchase a 770 sq. ft. Edmonton condo, how much should they expect to pay? Answer: $ (b) If they want to buy a unit that is 25 square feet bigger, then how much more money should they expect to pay? Answer: $ (c) Would the intercept be meaningful if this regression represents the average Edmonton condo (when square footage is 0)? O Yes O No Check