Star, Incorporated, used Excel to run a least-squ. regression analysis, which resulted in the following output:Regression StatisticsMultiple RR SquareObservationsMultiple ChoiceInterceptProduction (X)How much of the variation in cost is not explained by production?OOO4.83%0.97550.9517307.87%Coefficients Standard Error T Stat P-Value175,00311.572.840.02112.550.000It is impossible to determine with the data given.2,45%61,6030.9213

Let be the cost, and be the production.R Square:

Answered: Star, Incorporated, used Excel to run a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Consider the following table: Source SS DF MS Test Statistic Regression 6 745.77 Error 788.51 Total 12359.72 16 How much of the variation in the dependent variable is explained by the regression? Round your answer to two decimal places, if necessary.
A study was conducted to determine the relationship between starting salaries (RM thousands) for recent statistics graduates and their grade point averages in the major course. A linear regression model was fitted to the data and the estimates regression function was obtained. Part of the computer output for the above analysis is given below: ANOVA Model Sum of df Mean F Sig. Squares Square Regression 147.28 .000 Error 734.9 40.828 Total 6748.2 Coefficients Unstandardized Coefficients Model Sig. Std. B Error Constant GPA -8.42 3.007 3.395 0.2477 -2.48 12.14 0.011 0.000 (a) Complete the ANOVA table (blue boxes). (b) Write down the estimated regression function. Interpret the estimated parameters. (c) Test whether there is a linear association between salaries and grade point average. Use a = 0.05. (d) Determine the coefficient of determination for the model and interpret its meaning.
Listed below is the multiple regression equation for predicting Y by X₁ through Xs. Y is the number of sales per month. X₁ is the number of sales calls made X2 is the number of hours on the showroom floor X3 is the amount spent on radio ads X is the number of text messages sent Xs is the number of email messages sent Regression Statistics R Square 0.634 Standard Error 7.6796 Observations 45 Intercept X₁ X₂ X3 XA Xs Coefficients Standard Error 6.8163 0.1005 -0.3207 0.2084 0.1221 0.0943 77.1211 1.9439 -11.123 0.1144 11.34 1.23 What is the computed value of the F statistic you would use to test the significance of the entire model? Round your answer to two decimal places.
Fit a linear regression model for the following data.
The following is the simple regression results based on the data from Madrigal Corporation: Dependent variable – Machine maintenance costs Independent variable – Machine hours Computed values Intercept P 3,500 Coefficient on independent variable P 3.50 Coefficient of correlation 0.856 R2 0.733 What percentage of the variation in maintenance costs is explained by the independent variable? (use two decimal places, e.g. 82.20%, 55.31% or 0.82, 0.55, these will be counted as correct answers)
Personal wealth tends to increase with age as older individuals have had more opportunitiesto earn and invest than younger individuals. The following data were obtained from a randomsample of eight individuals and records their total wealth (Y) and their current age (X). See attachment for table with figures State the estimated regression line and interpret the slope coefficient.b. What is the estimated total personal wealth when a person is 50 years old?c. What is the value of the coefficient of determination? Interpret it.d. Test whether there is a significant relationship between wealth and age at the 10%significance level. Perform the test using the following six steps.Step 1. Statement of the hypotheses Step 2. Standardised test statistic Step 3. Level of significance Step 4. Decision Rule
The following multiple regression printout can be used to predict the price (Price) of a used car given how many miles it has on it (Mileage), the size of the engine (Liter), and whether it has leather interior (Leather), where Leather = 1 for cars that have leather interior and 0 otherwise. %3D Regression Analysis: Price Versus Mileage, Liter, Leather Coefficients Term Coef SE Coef T-Value P-Value Constant 6,959 511 13.62 0.000 Mileage -0.0848 0.0178 -4.76 0.000 Liter 3,795 126 30.12 0.000 Leather 1,028 311 3.31 0.001 Regression Equation Price = 6,959 - 0.0848 Mileage + 3, 795 Liter + 1,028 Leather (a) Given this Minitab printout, is the response variable in this multiple regression equation a categorical or a numerical variable? O numerical O categorical (b) Determine whether the following statement is true or false. Given this Minitab printout, the regression coefficient for miles on the car (Mileage) is statistically significant at a = 0.05. O True O False (c) Determine whether the…
In R there is a dataset called diamonds that contains measurements of about 500 diamonds sold in the US. There are three variables present: price (price in US dollar), carat (weight of the diamond), and table (width of top of diamond relative to the widest point). The attached image is a screenshot of the R dataset with the regression table and all that. ANSWER THIS QUESTION IN WORDS: Discuss the regression between the variables table and price. You should address the explanatory variable, response variable, correlation, and sign. You should interpret the slope, the t and p-value, and how much is explained by the response.
The following multiple regression printout can be used to predict a person's average annual salary given his or her years of employment and number of years of education beyond high school. Regression Analysis: Salary Versus YrsEm, Educ Coefficients Term Constant YrsEm Educ Coef 23,171 678 1,918 SE Coef 1,771 142 376 T-Value 13.08 4.77 5.10 P-Value 0.000 0.000 0.000 (a) Is the regression coefficient of education (Educ) statistically significant? (Use a = 0.05.) Given this output, the regression coefficient for education ---Select--- statistically significant. (b) Does the variable education belong in the model? Given this output, the variable education ---Select--- --Select--- belong in the model. (c) Given this output, which of the following is the correct interpretation for Education in this model? O An individual with 4 years of education beyond high school can expect an annual salary of $7,672. O The estimated change in the average value of annual salary of getting an additional…
Question. Using the following regression result, make your answers to the questions. Call: Im(formula - wage - educ, data - data) Residuals: 10 Median -5.1579 -2.5066 0.3816 2.4539 4.4737 Min 30 Max Coefficients: Estimate Std. Error t value Pr(>1tl) (Intercept) 9.0526 educ 5.1420 1.761 0.11635 2.1842 0.5994 3.644 0.00655 ** --- Signif. codes: 0 ***** 0.001 *** 0.01 ** 0.05 . 0.1' 1 Residual standard error: 3.305 on 8 degrees of freedom Multiple R-squared: 0.6241, F-statistic: 13.28 on 1 and 8 DF, p-value: 0.006549 Adjusted R-squared: 0.5771 1) Using the estimate and standard error of educ variable, perform the following hypothesis test. Ho:Beduc = 0 H1: Beduc # 0 2) Interpret the above hypothesis test result.
Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained: The regression equation is Price = B + ¢Bedroom + yHouse Size + ALot Size Predictor Сoef SE Coef т P Constant 37718 14177 2.66 ** Bedrooms 2306 6994 0.33 0.742 House Size 74.3 52.98 0.164 Lot Size -4.36 17.02 -0.26 0.798 S= 25023 R-Sq=56.0% R-Sq(adj)=54.6% Source DF MS F P Regression 3 76501718347 25500572782 Residual Error 96 60109046053 626135896 Total 99 • Is y significantly different from -0.5? Perform the F test at the 1% level, making sure to state the null and alternative hypotheses. Give an interpretation to the term “R-sq" and comment on its value.
A regression of infant mortality rates (annual deaths per hundred births) on median annual household income (in thousands of dollars) is performed on data collected from 40 counties. The results are summarized as follows. Intercept: Slope: 18.46 -0.14 Sum of df Mean Squares Square Regression Residual Total 2.4 4.5 (a) Fill in the blanks in the ANOVA table (b) What is the predicted infant mortality rate in a county where the median household income is $40,000? (c) In words, what is the meaning of the coefficient -0.14? Do NOT simply say that this is the slope or the regression coefficient. Indicate what it means and how it can be interpreted.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS