Estimate: SAT = β0+ β1Income + β2GPA At the 5% significance level, are income and GPA individually significant? Show the relevant steps of each test, using the critical value approach. At the 5% significance level, are income and GPA jointly significant? Show the relevant steps of the hypothesis test, using the critical value approach. Predict SAT if Income is $80,000 and GPA is 3.5. Use these values for the explanatory variables to construct the 95% prediction interval for the individual SAT score.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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SAT Income GPA
1651 47000 2.79
1581 34000 2.97
1790 90000 3.48
1626 60000 2.5
1754 113000 2.92
1754 71000 3.76
1706 105000 2.8
1765 59000 3.26
1786 50000 3.89
1686 27000 3.67
1790 107000 3.31
1707 109000 3.16
1804 81000 3.73
1712 62000 3.21
1607 72000 2.8
1738 63000 3.7
1790 55000 3.86
1796 64000 3.91
1547 47000 2.63
1692 89000 2.98
1711 42000 3.45
1689 70000 3.06
1740 118000 2.88
1940 113000 3.96

A researcher studies the relationship between SAT scores, the test-takers family income (Income), and his/her grade point average (GPA). Data are collected from 24 students. A portion of the data is shown in the accompanying Excel

  1. Estimate: SAT = β0β1Income + β2GPA
  2. At the 5% significance level, are income and GPA individually significant? Show the relevant steps of each test, using the critical value approach.
  3. At the 5% significance level, are income and GPA jointly significant? Show the relevant steps of the hypothesis test, using the critical value approach.
  4. Predict SAT if Income is $80,000 and GPA is 3.5. Use these values for the explanatory variables to construct the 95% prediction interval for the individual SAT score.

 

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