c. What is the number 0.286 called? O Regression coefficient O Coefficient of determination O Homoscedasticity O Multicollinearity d. As age increases by one year, how much does estimated performance on the new machine increase? (Round your answer to 3 decimal places.) The estimated performane increases by e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude test. Carl's prior on-the-job performance rating is 97, and he is 35 years old. Estimate Carl's performance on the new machine. (Round your answer to 3 decimal places.) Estimated performane

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
icon
Concept explainers
Question
c. What is the number 0.286 called?
- Regression coefficient
- Coefficient of determination
- Homoscedasticity
- Multicollinearity

d. As age increases by one year, how much does estimated performance on the new machine increase? **(Round your answer to 3 decimal places.)**

The estimated performance increases by [___] .

e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude test. Carl’s prior on-the-job performance rating is 97, and he is 35 years old. Estimate Carl’s performance on the new machine. **(Round your answer to 3 decimal places.)**

Estimated performance [___]
Transcribed Image Text:c. What is the number 0.286 called? - Regression coefficient - Coefficient of determination - Homoscedasticity - Multicollinearity d. As age increases by one year, how much does estimated performance on the new machine increase? **(Round your answer to 3 decimal places.)** The estimated performance increases by [___] . e. Carl Knox applied for a job at Photo Works. He has been in the business for 6 years and scored 280 on the mechanical aptitude test. Carl’s prior on-the-job performance rating is 97, and he is 35 years old. Estimate Carl’s performance on the new machine. **(Round your answer to 3 decimal places.)** Estimated performance [___]
**Title: Analyzing Performance on New Processing Machines**

**Introduction:**

Thompson Photo Works purchased new, sophisticated processing machines. The production department needed guidance on the qualifications needed by an operator. Key factors such as age and length of service might be relevant. To explore the factors affecting performance on new machines, four variables were considered:

- \( x_1 \): Length of time an employee was in the industry
- \( x_2 \): Mechanical aptitude test score
- \( x_3 \): Prior on-the-job rating
- \( x_4 \): Age

Performance on the new machine is designated \( y \).

**Data Collection:**

Thirty employees were selected randomly, and their performance data was recorded. A sample of this data is shown below:

| Name          | Performance on New Machine, \( y \) | Length of Time in Industry, \( x_1 \) | Mechanical Aptitude Score, \( x_2 \) | Prior On-the-Job Performance, \( x_3 \) | Age, \( x_4 \) |
|---------------|-------------------------------------|--------------------------------------|--------------------------------------|-----------------------------------------|-----------------|
| Mike Miraglia | 112                                 | 12                                   | 312                                  | 121                                     | 52              |
| Sue Trythall  | 113                                 | 2                                    | 380                                  | 123                                     | 27              |

**Equation Analysis:**

The following equation was used to estimate performance:

\[
\hat{y} = 11.6 + 0.4x_1 + 0.286x_2 + 0.112x_3 + 0.002x_4
\]

**Questions:**

**a. What is this equation called?**

- [ ] Multiple regression equation
- [ ] Multiple standard error of estimate
- [ ] Coefficient of determination

**b. How many dependent and independent variables are there?**

- **Dependent:** 1
- **Independent:** 4

**Discussion:**

This equation represents a multiple regression, where performance on the new machine (\( \hat{y} \)) is predicted based on four independent variables. Understanding the impact of each variable is crucial for optimizing operator selection and training.
Transcribed Image Text:**Title: Analyzing Performance on New Processing Machines** **Introduction:** Thompson Photo Works purchased new, sophisticated processing machines. The production department needed guidance on the qualifications needed by an operator. Key factors such as age and length of service might be relevant. To explore the factors affecting performance on new machines, four variables were considered: - \( x_1 \): Length of time an employee was in the industry - \( x_2 \): Mechanical aptitude test score - \( x_3 \): Prior on-the-job rating - \( x_4 \): Age Performance on the new machine is designated \( y \). **Data Collection:** Thirty employees were selected randomly, and their performance data was recorded. A sample of this data is shown below: | Name | Performance on New Machine, \( y \) | Length of Time in Industry, \( x_1 \) | Mechanical Aptitude Score, \( x_2 \) | Prior On-the-Job Performance, \( x_3 \) | Age, \( x_4 \) | |---------------|-------------------------------------|--------------------------------------|--------------------------------------|-----------------------------------------|-----------------| | Mike Miraglia | 112 | 12 | 312 | 121 | 52 | | Sue Trythall | 113 | 2 | 380 | 123 | 27 | **Equation Analysis:** The following equation was used to estimate performance: \[ \hat{y} = 11.6 + 0.4x_1 + 0.286x_2 + 0.112x_3 + 0.002x_4 \] **Questions:** **a. What is this equation called?** - [ ] Multiple regression equation - [ ] Multiple standard error of estimate - [ ] Coefficient of determination **b. How many dependent and independent variables are there?** - **Dependent:** 1 - **Independent:** 4 **Discussion:** This equation represents a multiple regression, where performance on the new machine (\( \hat{y} \)) is predicted based on four independent variables. Understanding the impact of each variable is crucial for optimizing operator selection and training.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE 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