Suppose the following regression equation was generated from the sample data of 50 cities relating number of cigarette packs sold per 1000 residents in one week to tax in dollars on one pack of cigarettes and if smoking is allowed in bars: PACKS, = 59682.369232-1108.267218TAX + 176.926159BARS; + eį. BARS 1 if city i allows smoking in bars and BARS; = 0 if city i does not allow smoking in bars. This equation has an R² value of 0.347972, and the coefficient of BARS, has a P-value of 0.133971. Which of the following conclusions is valid? Answer 2 Points Keypad Keyboard Shortcuts According to the regression equation, cities that allow smoking in bars have lower cigarette sales than cities that do not allow smoking in bars. Regardless of whether or not there is a smoking ban, if a city increases its cigarette tax by one dollar cigarette sales will increase by approximately 1108 packs. ○ If there is no cigarette tax in a city that allows smoking in bars, the approximate number of cigarette packs sold per 1000 people is 59682. There is not enough evidence at the 0.05 level of significance to support the claim that cities that allow smoking in bars have higher cigarette sales than cities that do not allow smoking in bars.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Suppose the following regression equation was generated from the sample data of 50 cities relating number of cigarette packs sold per 1000
residents in one week to tax in dollars on one pack of cigarettes and if smoking is allowed in bars:
PACKS, = 59682.369232-1108.267218TAX + 176.926159BARS; + eį.
BARS 1 if city i allows smoking in bars and BARS; = 0 if city i does not allow smoking in bars. This equation has an R² value of 0.347972, and
the coefficient of BARS, has a P-value of 0.133971. Which of the following conclusions is valid?
Answer 2 Points
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According to the regression equation, cities that allow smoking in bars have lower cigarette sales than cities that do not allow smoking in bars.
Regardless of whether or not there is a smoking ban, if a city increases its cigarette tax by one dollar cigarette sales will increase by approximately
1108 packs.
○ If there is no cigarette tax in a city that allows smoking in bars, the approximate number of cigarette packs sold per 1000 people is 59682.
There is not enough evidence at the 0.05 level of significance to support the claim that cities that allow smoking in bars have higher cigarette sales
than cities that do not allow smoking in bars.
Transcribed Image Text:Suppose the following regression equation was generated from the sample data of 50 cities relating number of cigarette packs sold per 1000 residents in one week to tax in dollars on one pack of cigarettes and if smoking is allowed in bars: PACKS, = 59682.369232-1108.267218TAX + 176.926159BARS; + eį. BARS 1 if city i allows smoking in bars and BARS; = 0 if city i does not allow smoking in bars. This equation has an R² value of 0.347972, and the coefficient of BARS, has a P-value of 0.133971. Which of the following conclusions is valid? Answer 2 Points Keypad Keyboard Shortcuts According to the regression equation, cities that allow smoking in bars have lower cigarette sales than cities that do not allow smoking in bars. Regardless of whether or not there is a smoking ban, if a city increases its cigarette tax by one dollar cigarette sales will increase by approximately 1108 packs. ○ If there is no cigarette tax in a city that allows smoking in bars, the approximate number of cigarette packs sold per 1000 people is 59682. There is not enough evidence at the 0.05 level of significance to support the claim that cities that allow smoking in bars have higher cigarette sales than cities that do not allow smoking in bars.
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