Assume that you have collected a sample of observations from over 100 households and their consumption and income patterns. Using these observations, you estimate the following regressionC₁ = Bo + B₁Y₁+H₁, where C is consumption and Y is disposable income.The estimate of B₁ will tell you:AIncomeO A.APredicted ConsumptionOB. APredicted ConsumptionAIncomeOC. Predicted ConsumptionIncomeOD. The amount you need to consume to survive.

Let Y denotes the disposable income and C denotes the consumption.n= 1000 is the sample sizeThe…

Answered: Assume that you have collected a sample…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. GPA 2.6 3.4 3.6 3.2 3.5 2.9 Monthly Salary ($) 3,500 3,900 4,200 3,800 4,200 3,900 The estimated regression equation for these data is ý = 1,970.72 + 608.11x and MSE = 18,671.17. (a) Develop a point estimate of the starting salary (in dollars) for a student with a GPA of 3.1. (Round your answer to the nearest cent). (b) Develop a 95% confidence interval for the mean starting salary (in dollars) for all students with a 3.1 GPA. (Round your answers to the nearest cent). to $ (c) Develop a 95% prediction interval (in dollars) for Ryan Dailey, a student with a GPA of 3.1. (Round your answers to the nearest cent). to $
2. Following data is amount of Assessed Value for an office building for a given floor area, number of office space, number of entrances, and the age of the offic building. Use excel to …. Obtain a Scatter plot of Floor Area as the independent and Assessed value as the dependent variable. Note the linear regression Model Predict the assessed value for 6000 sq ft. FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000) 4790 4 2 8 1796 4720 3 2 12 1544 5940 4 2 2 2094 5720 4 2 34 1968 3660 3 2 38 1567 5000 4 2 31 1878 2990 2 1 19 949 2610 2 1 48 910 5650 4 2 42 1774 3570 2 1 4 1187 2930 3 2 15 1113 1280 2 1 31 671 4880 3 2 42 1678 1620 1 2 35 710 1820 2 1 17 678 4530 2 2 5 1585 2570 2 1 13 842 4690 2 2 45 1539 1280 1 1 45 433…
A vocational counselor uses the number of days without employment to predict her clients' feelings of self efficacy, measured on a scale of 1 to 5, with higher numbers meaning that clients feel more secure in their job related abilities. The slope of the regression line is –1.02. Which statement is the best interpretation for this finding? a. For every 1-point increase in self-efficacy, there is an associated decrease in the number of days of unemployment. b. For every additional day of unemployment, there is an associated decrease in self-efficacy of 1.02 points. c. The least number of days a person can be unemployed and still feel self-efficacious is 3.98 points d. The decrease in self-efficacy of 1.02 points is caused by each additional day of unemployment
The following chart shows the actual sales for the last 12 months for a given company. Assume that sales are best fit by a linear trend and you can use single linear regression to set up a forecasting model. Using the sales data answer below questions (justify your answers): A.What would be the typical linear regression equation for the number of sales? B.Make the sales forecast for period 15 of next year. C. Make the sales forecast for period 17 of next year. D. What is the standard error for the data?
Suppose a new location opens in an area with a population of 144,000, an average income of$36,000, an average age of 27, and $2,000 spent on advertising in the previous month.a. Use your chosen regression to predict Gross Sales for the month at the new location. (I picked population)b. Suppose actual Gross Sales for the month were $420,624. Does this make sense,given your model and predicted value?12. Using your chosen regression model,a. Identify the slope and explain what it means, in the context of the model.b. Identify the initial value or y-intercept and explain what it means, in the context ofthe model.
am. 13.
Find the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (Each pair of variables has a significant correlation.) Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. The caloric content and the sodium content (in milligrams) for 6 beef hot dogs are shown in the table below. 170 480 Calories, x Sodium, y 560 Find the regression equation. ŷ=x+ (Round to three decimal places as needed.) Choose the correct graph below. OA. 0ff 0 200 150 430 Calories 130 320 a 130 380 O B. 560 0 80 250 200 G Calories (a) Predict the value of y for x = 160. Choose the correct answer below. OA. 390.863 OB. 440.983 OC. 591.343 O D. not meaningful (b) Predict the value of y for x = 90. Choose the correct answer below. 190 510 (a) x (c) x 160 calories 140 calories O C. A 560+ 0-T 0 200 Calories (b) x = 90 calories (d) x = 220 calories OD. 560- 0 200 Calories Q
An econometric model is a multiple linear regression model if Question 10Select one: a. it explains the average value of y as a linear function of several explanatory variables b. it explains the sample mean of y as a function, linear in the parameters , of several x c. it explains y as a linear function of several x , the explanatory variables d. it explains the average of y as a function of several x e. none of the answers is correct

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