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- A set of n = 25 pairs of scores (X and Y values) produces a regression equation Y = 3X – 2. Findthe predicted Y value for each of the following X scores: 0, 1, 3, -2.The number of initial public offerings of stock issued in a 10-year period and the total proceeds these offerings (in millions) are shown in the table. The equation of the regression line is y = 43.977x+ 19,528.57. Complete parts a and b. 379 55 18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712 Issues, x 424 457 695 500 499 74 180 158 Proceeds. (a) Find the coefficient of determination and interpret the result. (Round three decimal places as needed.)The following table gives the data for the grades on the midterm exam and the grades on the final exam. Determine the equation of the regression line, y = bo + b₁x. Round the slope and y-intercept to the nearest thousandth. Grades on Midterm and Final Exams Grades on Midterm 66 68 71 86 78 85 62 82 79 61 Grades on Final 90 63 82 96 72 83 79 91 84 65
- The table below shows the number of state-registered automatic weapons and the murder rate for several Northwestern states, where is thousands of automatic weapons and y is murders per 100,000 residents. 11.6 8.4 6.8 3.7 2.8 2.6 2.6 0.8 y 13.7 10.9 9.7 7.1 6.4 6.3 5.9 4.4 Use your calculator to determine the equation of the regression line and write it in the y = a + bx form. Round to 2 decimal places. According to this model, how many murders per 100,000 residents can be expected in a state with 2.4 thousand automatic weapons? Round to 3 decimal places. According to this model, how many murders per 100,000 residents can be expected in a state with 3.7 thousand automatic weapons? Round to 3 decimal places.Choose the correct answer of each number. 1. An analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. Used regression analysis to predict $ sales (y) by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2. If the advertising budgets of one of the branches of the corporation is now $45,000 (which is 10% more than before) and the salary of sales representatives is now $8,500 (which is 20% less than before), then the predicted sales before in that branch is a. $417,750 b. $341,250 c. $376,700 d. $335,6502. An analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. Used regression analysis to predict $ sales (y) by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2. If…Which of the following is true of a linear regression line? a. Located as close as possible to all the points of a scatter chart. B. Is defined by an equation having 2 parameters: the slope and the intercept c. Provides an approximate relationship between the values of two parameters d. All of the above
- Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed lemon/crash data, where lemon imports are in metric tons and the fatality rates are per 100,000 people, find the best predicted crash fatality rate for a year in which there are 500 metric tons of lemon imports. Is the prediction worthwhile? Find the equation of the regression line. (Round the constant three decimal places as needed. Round the coefficient to six decimal places as needed.) The best predicted crash fatality rate for a year in which there are 500 metric tons of lemon imports is _______ fatalities per 100,000 population. (Round to one decimal place as needed.) Is the prediction worthwhile? A. Since the sample size is small, the prediction is not appropriate. B. Since common sense suggests there should not be much of a relationship between the two variables, the prediction does not make much sense. C. Since all of the requirements…The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.942x +27.609. Find the standard error of estimate s, and interpret the result. 793.9 1042.3 957.7 1203.3 450.7 673.7 745.1 778.6 Money raised, x Money spent, y 734.8 1024.2 929.1 1160.6 448.6 697.9 735.7 751.2 Find the standard error of estimate s, and interpret the result. (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? O A. The standard error of estimate of the money raised for a specific amount of money spent is about s, million dollars. O B. The standard error of estimate of the money spent for a specific amount of money raised is about s, million dollars.8
- The table below shows the number of state-registered automatic weapons and the murder rate for several Northwestern states. x 11.3 8.5 y 13.4 7 3.6 2.6 2.2 2.6 0.8 11 10.2 7.4 6 5.7 6.3 4.9 * = thousands of automatic weapons y = murders per 100,000 residents Determine the regression equation in y = ax + b form and write it below. (Round to 2 decimal places) A) How many murders per 100,000 residents can be expected in a state with 10.1 thousand automatic weapons? Answer = Round to 3 decimal places. B) How many murders per 100,000 residents can be expected in a state with 9.9 thousand automatic weapons? Answer = Round to 3 decimal places.The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $825. The equation of the regression line is y = 1.597x- 169.203. Wages (state), x Wages (federal), y 742 775 783 802 842 890 912 939 949 954 1,002 1,039 1,097 1,145 1,199 1,242 1,271 1,299 1,335 1,398 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $825. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. There is a 90% chance that the predicted average weekly wages of federal government employees is between S and S given a state average weekly wage of $825. O B. We can be 90%…The table below shows the number of state-registered automatic weapons and the murder rate for several Northwestern states, where xx is thousands of automatic weapons and yy is murders per 100,000 residents. xx 11.5 8.5 6.7 3.5 2.9 2.7 2.7 0.9 yy 14.1 11 10 7.3 6.7 6.4 6.4 4.7 Use your calculator to determine the equation of the regression line and write it in the y=ax+by=ax+b form. Round to 2 decimal places. According to this model, how many murders per 100,000 residents can be expected in a state with 10.2 thousand automatic weapons? Round to 3 decimal places. According to this model, how many murders per 100,000 residents can be expected in a state with 5.8 thousand automatic weapons? Round to 3 decimal places.