The cost of attending your university/college has once again gone up. One of theadministrators at your university/college tells you that you pay more because thereputation of your institution is better than that of others. To investigate this hypothesis,you collect data randomly for 100 national universities and liberal arts colleges from the2000-2001 U.S. News and World Report annual rankings. Next you estimate thefollowing regression equation (p-values are in brackets).Cost = 7,311.17+3,985.20 i Reputation – 0.20 i Size(2,058.63) (664.58)(0.11)+ 8,406.79 i Dpriv – 416.38 i Dlibart – 2,376.51 i Dreligion(2,154.85)(1,121.92)(1,007.86)R²= 0.72The numbers in parentheses (brackets) are standard errors.Where:Cost is Tuition, Fees, Room and Board in dollarsReputation is the index used in U.S. News and World Report (based on a surveyof university presidents and chief academic officers), which ranges from 1("marginal") to 5 (“distinguished")Size is the number of undergraduate studentsDpriv, Dlibart, and Dreligion are separate dummy variables indicating whetherthe institution is private or not private, i.e. public [Dpriv]; a liberal arts college ornot liberal arts [Dlibart]; and has a religious affiliation or is not religious[Dreligion].(a) Interpret the coefficients of the variables below and test to determine whetheror not the coefficients are significantly different from zero at the alpha=5%level. (Show your work). What would be the problem if you could not claimthe coefficients are different from zero?(i)Reputation(ii)Dpriv(b) To save money, you are willing to switch from a private university to a publicuniversity, which has a ranking of 0.5 less and 10,000 more students. What is theeffect on your cost? (c) Does there seem to be a difference in cost between a liberal arts college andone that is not liberal arts? Explain.

Answered: The cost of attending your…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, bo + b₁x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, In practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. a Answer How to enter your answer (opens in new window) Step 6 of 6: Find the value of the coefficient of determination. Round your answer to three decimal places. 9 S e $ A A Hours Unsupervised Overall Grades V 96 5 t 8 b Oll 0 0.5 1 3.5 4 5 5.5 95 92 85 83 81 73 63 h → U İ 8 i k N 9 O alt I * Р ctri Tables Copy Data Keypad Keyboard Shortcuts Previous step answers…
Hiroshi Sato, an owner of a sushi restaurant in San Francisco, has been following an aggressive marketing campaign to thwart the effect of rising unemployment rates on business. He used monthly data on sales ($1,000s), advertising costs ($), and the unemployment rate (%) fromJanuary 2008 to May 2009 to estimate the following sample regression equation: Sales(t) = 17.51 +0.05 Advertising Costs(t-1) – 0.70 Unemployment Rate t-1 Requirement: a. Hiroshi had budgeted $620 toward advertising costs in May 2009. Make a forecast in June2009, if the unemployment rate in May 2009 was 9.1%b. What will be the forecast if he raises his advertisement budget to $700?c. Reevaluate the above forecast if the unemployment rate in May 2009 was 9.5%. Please, if possible, can you do the answer in Excel/Spreadsheet
The table below gives the number of hours seven randomly selected students spent studying and their corresponding midterm exam grades. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the midterm exam grade that a student will earn based on the number of hours spent studying. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Studying 1 1.5 2 2.5 3 3.5 4.5 Midterm Grades 61 62 75 77 79 83 88 Table Step 1 of 6 : Find the estimated slope, y intercept and correlation cofficient. Round your answer to three decimal places.
Suppose that you are interested in the relationship between Reading and Writing scores. (c) Compute and interpret the R2 value for the relationship between Reading and Writing scores. (d) Interpret the value of the slope in the regression model predicting Reading scores from Writing scores. RDG WRTG 34 44 47 36 42 59 39 41 36 49 50 46 63 65 44 52 47 41 44 50 50 62 44 41 47 40 42 59 42 41 47 41 60 65 39 49 57 54 73 65 47 46 39 44 35 39 39 41 48 49 31 41 52 63 47 54 36 44 47 44 34 46 52 57 42 40 37 44 44 33 71 58 47 46 42 33 42 36 47 41 52 54 52 54 39 39 31 41 60 54 47 31 39 28 42 36 47 57 42 49 36 41 50 33 34 34 55 55 28 46 42 42 44 44 60 52 39 57 36 37 44 44 39 42 39 34 42 39 42 44 52 54 65 65 42 26 47 62 52 62 44 54 52 54 47 44 65 57 63 65 60 59 47 44 65 57 53 61 68 63 55 56 39 53 52 52 65 67 52 44 57 67 63…
A researcher predicts that gender (male and female) and race (race 1, race 2 and race 3) are factors which determine the willingness of a person to get involved in politics. He plan to use a multiple regression test to analyse his data. Is the multiple regression test appropriate for the study? Elaborate on your answer.
You plan to fit a regression model that will be used to predict first-year college GPA (FYGPA) from high-school GPA (HSGPA), ACT score (ACT), first-generation status (Yes or No), socioeconomic class (lower class, lower to middle class, middle to upper class, and upper class), and school type (public or private). What is the total number of estimated regression coefficients? If the sample size is n = 250 students, what are the degrees of freedom for the following sources of variation: Regression Error Total
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0 1 1.5 2.5 4 5.5 6 Overall Grades 98 86 85 83 80 78 67 Table Step 1 of 6: Find the estimated slope, y intercept, correlation cofficient Round your answers to three decimal places.
The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting a woman's bone density based on her age. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Age 50 59 60 64 68 Bone Density 331 326 325 320 315 Table Step 3 of 6 : Substitute the values you found in steps 1 and 2 into the equation for the regression line to find the estimated linear model. According to this model, if the value of the independent variable is increased by one unit, then find the change in the dependent variable yˆ.
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 1 2 3 4 4.5 5 5.5 Overall Grades 98 95 93 90 89 72 69 Table Copy Data Step 1 of 6 : Find the estimated slope. Round your answer to three decimal places.
Consider the following passage: I ran a regression, with many variables to predict the result of another variable which was the murder rate. One can see that lots of things, can cause the murder rate to increase or decrease. I tried to account for all the important factors, and those factors are the SAT scores, unemployment rate, and international migration per 1,000. The SAT score is, average combined total score participants did on the SAT exam. The unemployment rate is, "a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force." (Wikipedia) International migration per 1,000 is, the number of people who come into a state from other countries per 1,000 people who live in the state. After I run the regression I will look at the t scores and p values and I should hopefully conclude that international migration does not cause crime. Which writing mistakes, if any, did…
A social scientist would like to analyze the relationship between educational attainment (in years of higher education) and annual salary (in $1,000s). He collects data on 20 individuals. A portion of the data is as follows: Salary 43 49 1 35 Education 7 7 Click here for the Excel Data File a. Find the sample regression equation for the model: Salary Be + B1Education + e. (Round answers to 2 decimal places.) Salary = 37.21 + 6.68 b. Interpret the coefficient for Education. Education As Education increases by 1 year, an individual's annual salary is predicted to increase by $8,590. As Education increases by 1 year, an individual's annual salary is predicted to decrease by $6,680. As Education increases by 1 year, an individual's annual salary is predicted to decrease by $8,590. As Education increases by 1 year, an individual's annual salary is predicted to increase by $6,680. c. What is the predicted salary for an individual who completed 7 years of higher education? (Round coefficient…
Identify whether this statement is True or False and provide justification for your answer. “A positive correlation between attitude and intention will always result in a significant effect between the two variables in regression analysis.”

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