Can you please help with this question? Life insurance companies are keenly interested in predicting how long their customers will live, because their premiums and profitability depend on such numbers. An actuary for one insurance company gathered data from 100 recently deceased male customers. He recorded the age at death of the customer plus the ages at death of his mother and father, the mean ages at death of his grandmothers and the mean ages at death of his grandfathers. These data are recorded in columns 1 to 5 respectively, in file LONGEVITY.xlsx. a Perform a multiple regression analysis on these data. b Interpret the coefficient estimates and their signs. c Test for the significance of all the independent variable coefficients. (alpha = 0.05) d Is the model likely to be useful in predicting men’s longevity? e Are the required conditions satisfied? Justify your answer. f Predict the longevity of a man whose parents lived to the age of 70, whose grandmothers averaged 80 years and whose grandfathers averaged 75. Longevity Mother Father Gmothers Gfathers 80 85 78 72 71 73 88 63 76 66 70 66 75 67 57 72 72 67 68 55 79 88 73 64 73 83 90 72 74 62 70 67 65 70 59 72 76 71 74 61 72 66 75 71 63 71 78 64 76 61 67 69 66 61 69 74 71 76 73 60 80 74 77 69 68 63 68 66 67 67 71 70 70 71 67 66 64 66 63 57 74 82 71 75 65 71 71 71 68 62 65 75 60 63 62 74 76 66 66 69 66 69 68 61 65 71 76 67 63 71 73 69 80 64 61 74 79 70 77 60 68 74 62 59 63 77 81 78 73 62 77 85 69 80 65 74 77 69 75 69 68 72 71 72 66 68 75 63 65 65 74 82 66 72 62 71 73 72 68 71 80 84 73 77 68 72 75 61 77 61 77 82 76 71 63 76 88 69 75 67 62 65 57 68 57 70 75 57 67 57 71 72 67 67 64 69 72 63 68 67 73 79 71 74 65 72 77 69 72 65 84 80 90 72 71 73 76 74 69 65 70 78 70 78 54 78 75 74 58 70 82 83 78 77 65 77 75 66 72 60 67 68 69 73 62 72 69 72 69 68 67 67 67 72 66 72 78 64 67 66 75 73 69 71 61 72 71 66 68 68 75 73 73 66 59 80 84 75 71 74 72 78 64 66 61 71 76 61 74 61 71 77 70 73 61 89 86 77 74 69 74 79 71 70 77 72 72 77 71 68 74 78 68 67 72 77 85 77 77 71 77 72 72 63 64 73 67 71 65 69 72 74 64 74 62 65 66 63 72 60 81 82 77 73 69 76 80 70 63 60 64 71 67 66 66 72 73 69 64 67 69 75 67 60 62 59 59 62 68 56 69 73 69 72 53 76 82 65 72 69 63 71 56 61 53 66 74 64 72 63 72 85 60 67 67 68 72 66 65 68 73 80 75 67 67 78 82 72 71 72 83 82 82 76 72 78 82 70 76 64 67 73 62 65 59 70 77 60 69 67 68 74 79 72 65 66 80 63 75 59 75 76 72 69 64 71 71 60 71 66 72 77 64 70 69 71 76 67 66 64 77 79 74 73 70 67 68 68 70 57 68 71 61 66 64 67 76 62 66 62 74 77 64 66 69 70 66 68 63 66 72 78 70 71 64 69 73 60 74 60
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Can you please help with this question?
Life insurance companies are keenly interested in predicting how long their customers will live, because their premiums and profitability depend on such numbers. An actuary for one insurance company gathered data from 100 recently deceased male customers. He recorded the age at death of the customer plus the ages at death of his mother and father, the mean ages at death of his grandmothers and the mean ages at death of his grandfathers. These data are recorded in columns 1 to 5 respectively, in file LONGEVITY.xlsx. a Perform a multiple
Longevity | Mother | Father | Gmothers | Gfathers |
80 | 85 | 78 | 72 | 71 |
73 | 88 | 63 | 76 | 66 |
70 | 66 | 75 | 67 | 57 |
72 | 72 | 67 | 68 | 55 |
79 | 88 | 73 | 64 | 73 |
83 | 90 | 72 | 74 | 62 |
70 | 67 | 65 | 70 | 59 |
72 | 76 | 71 | 74 | 61 |
72 | 66 | 75 | 71 | 63 |
71 | 78 | 64 | 76 | 61 |
67 | 69 | 66 | 61 | 69 |
74 | 71 | 76 | 73 | 60 |
80 | 74 | 77 | 69 | 68 |
63 | 68 | 66 | 67 | 67 |
71 | 70 | 70 | 71 | 67 |
66 | 64 | 66 | 63 | 57 |
74 | 82 | 71 | 75 | 65 |
71 | 71 | 71 | 68 | 62 |
65 | 75 | 60 | 63 | 62 |
74 | 76 | 66 | 66 | 69 |
66 | 69 | 68 | 61 | 65 |
71 | 76 | 67 | 63 | 71 |
73 | 69 | 80 | 64 | 61 |
74 | 79 | 70 | 77 | 60 |
68 | 74 | 62 | 59 | 63 |
77 | 81 | 78 | 73 | 62 |
77 | 85 | 69 | 80 | 65 |
74 | 77 | 69 | 75 | 69 |
68 | 72 | 71 | 72 | 66 |
68 | 75 | 63 | 65 | 65 |
74 | 82 | 66 | 72 | 62 |
71 | 73 | 72 | 68 | 71 |
80 | 84 | 73 | 77 | 68 |
72 | 75 | 61 | 77 | 61 |
77 | 82 | 76 | 71 | 63 |
76 | 88 | 69 | 75 | 67 |
62 | 65 | 57 | 68 | 57 |
70 | 75 | 57 | 67 | 57 |
71 | 72 | 67 | 67 | 64 |
69 | 72 | 63 | 68 | 67 |
73 | 79 | 71 | 74 | 65 |
72 | 77 | 69 | 72 | 65 |
84 | 80 | 90 | 72 | 71 |
73 | 76 | 74 | 69 | 65 |
70 | 78 | 70 | 78 | 54 |
78 | 75 | 74 | 58 | 70 |
82 | 83 | 78 | 77 | 65 |
77 | 75 | 66 | 72 | 60 |
67 | 68 | 69 | 73 | 62 |
72 | 69 | 72 | 69 | 68 |
67 | 67 | 67 | 72 | 66 |
72 | 78 | 64 | 67 | 66 |
75 | 73 | 69 | 71 | 61 |
72 | 71 | 66 | 68 | 68 |
75 | 73 | 73 | 66 | 59 |
80 | 84 | 75 | 71 | 74 |
72 | 78 | 64 | 66 | 61 |
71 | 76 | 61 | 74 | 61 |
71 | 77 | 70 | 73 | 61 |
89 | 86 | 77 | 74 | 69 |
74 | 79 | 71 | 70 | 77 |
72 | 72 | 77 | 71 | 68 |
74 | 78 | 68 | 67 | 72 |
77 | 85 | 77 | 77 | 71 |
77 | 72 | 72 | 63 | 64 |
73 | 67 | 71 | 65 | 69 |
72 | 74 | 64 | 74 | 62 |
65 | 66 | 63 | 72 | 60 |
81 | 82 | 77 | 73 | 69 |
76 | 80 | 70 | 63 | 60 |
64 | 71 | 67 | 66 | 66 |
72 | 73 | 69 | 64 | 67 |
69 | 75 | 67 | 60 | 62 |
59 | 59 | 62 | 68 | 56 |
69 | 73 | 69 | 72 | 53 |
76 | 82 | 65 | 72 | 69 |
63 | 71 | 56 | 61 | 53 |
66 | 74 | 64 | 72 | 63 |
72 | 85 | 60 | 67 | 67 |
68 | 72 | 66 | 65 | 68 |
73 | 80 | 75 | 67 | 67 |
78 | 82 | 72 | 71 | 72 |
83 | 82 | 82 | 76 | 72 |
78 | 82 | 70 | 76 | 64 |
67 | 73 | 62 | 65 | 59 |
70 | 77 | 60 | 69 | 67 |
68 | 74 | 79 | 72 | 65 |
66 | 80 | 63 | 75 | 59 |
75 | 76 | 72 | 69 | 64 |
71 | 71 | 60 | 71 | 66 |
72 | 77 | 64 | 70 | 69 |
71 | 76 | 67 | 66 | 64 |
77 | 79 | 74 | 73 | 70 |
67 | 68 | 68 | 70 | 57 |
68 | 71 | 61 | 66 | 64 |
67 | 76 | 62 | 66 | 62 |
74 | 77 | 64 | 66 | 69 |
70 | 66 | 68 | 63 | 66 |
72 | 78 | 70 | 71 | 64 |
69 | 73 | 60 | 74 | 60 |
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