ACT and GPA acquired from eight universities, the following estimation results were obtained: Model 1: OLS, using observations 1-8 Dependent variable: GPA Coefficient Std. Error t-ratio p-value const 0.568132 0.928421 0.5630 ACT 0.102198 0.0356920 2.8633 0.0287 Mean dependent var 3.212500 S.D. dependent var Sum squared resid 0.434725 S.E. of regression R² 0.577424 Adjusted R² F(1,6) 8.198622 P-value(F) Log-likelihood 0.298422 Akaike criterion Schwarz criterion 3.562039 Hannan-Quinn 0.383359 0.269173 0.506994 0.028677 3.403156 2.331554

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%

Choose options from below:

(1) 1.634, p-value^2, standard error/coefficient, 0.612

(2) 1.328, 0.557-0.434, 1.029, 0.753

(3) 0.02, 0.510, 0.1784, 5

(4) 11.36, 3.4, 2.04, 2.61

Your consultancy firm has been hired by the American Council of Universities to evaluate the relationship
between ACT (American College Testing) scores and the GPA (grade point average). Based on the data on
ACT and GPA acquired from eight universities, the following estimation results were obtained:
Coefficient Std. Error
t-ratio p-value
const 0.568132 0.928421
0.5630
ACT 0.102198 0.0356920 2.8633 0.0287
Model 1: OLS, using observations 1-8
Dependent variable: GPA
Mean dependent var
Sum squared resid
R²
F(1,6)
Log-likelihood
Schwarz criterion
1. t (B₁)
=
3.212500 S.D. dependent var
0.434725 S.E. of regression
0.577424 Adjusted R²
8.198622 P-value(F)
0.298422 Akaike criterion
3.562039 Hannan-Quinn
0.383359
0.269173
0.506994
0.028677
3.403156
2.331554
2. Total Sum of Squares =
3. How much higher is the GPA predicted to be if the ACT score is increased by 5 points?
4. What is the predicted value of GPA when ACT=20?
Transcribed Image Text:Your consultancy firm has been hired by the American Council of Universities to evaluate the relationship between ACT (American College Testing) scores and the GPA (grade point average). Based on the data on ACT and GPA acquired from eight universities, the following estimation results were obtained: Coefficient Std. Error t-ratio p-value const 0.568132 0.928421 0.5630 ACT 0.102198 0.0356920 2.8633 0.0287 Model 1: OLS, using observations 1-8 Dependent variable: GPA Mean dependent var Sum squared resid R² F(1,6) Log-likelihood Schwarz criterion 1. t (B₁) = 3.212500 S.D. dependent var 0.434725 S.E. of regression 0.577424 Adjusted R² 8.198622 P-value(F) 0.298422 Akaike criterion 3.562039 Hannan-Quinn 0.383359 0.269173 0.506994 0.028677 3.403156 2.331554 2. Total Sum of Squares = 3. How much higher is the GPA predicted to be if the ACT score is increased by 5 points? 4. What is the predicted value of GPA when ACT=20?
Expert Solution
steps

Step by step

Solved in 3 steps with 8 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman