The following information was gathered by the managerial accountant to estimate the 2nd quarter's utility cost:Direct laborMonthsUtility CosthoursJanuaryP8,5201809FebruaryP7,6281421MarchP5,712912AprilP6,7461102Summation of X5,244Summation of Y28,606Summation of XY38,895,504Summation of X-squared7,337,870Using the regression analysis, what is the estimated cost-function for the 2nd quarter?O Y = 3,207 + 3xO Y = 12,828 + 3xO Y = 12,828 + 2xO Y = 9,621 + 3xPrevious

For the given data, we need to find the regression equation of estimated cost function for the 2nd…

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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 following is a 7-month-demand-history for a certain product. Assuming that linear trend appears, develop the equation of regression line. Round values of coefficients to two decimal places. Use the equation to prepare a forecast for December 2004.
8. Suppose the following estimated regression equation was determined to predict salary based on years of experience. Estimated Salary = 27,017.66 +2343.69 (Years of Experience) What is the estimated salary for an employee with 26 years of experience? Answer:
urgent.......
The following table gives the personal savings (in billions of dollars) in the United States for selected years. Year 2005 2010 2011 2012 2013 2014 2015 2016 Personal Savings (billions) $153.8 189.3 187.5 142.0 155.7 152.1 175.6 199.6 5. Find the average rate of change between the years 2010 and 2012. 6. Interpret questions 4 and 5 on the graph. 7. Find the point of inflection of the regression equation and interpret what it means.
1. Five children aged 2, 3, 5, 7 and 8 years old weigh 14, 20, 32, 42 and 44 kilograms respectively. Find the equation of the regression line of age on weight, showing your work for calculations of a and b. Based on this, what is the predicted weight of a six year old child?
Based on the firm's data and the regression line, answer the following. A. From the regression equation, what is the predicted percentage increase in sales when the advertising campaign cost is 1.50 million dollars? Round your answer to two or more decimal places. B. From the regression equation, what is the predicted percentage increase in sales when the advertising campaign cost is 1.62 million dollars? Round your answer to two or more decimal places.
Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary = 10,896.07 + 2755.34 (Education) + 773.89 (Experience) Suppose two employees at the company have been working there for five years. One has a bachelor's degree (8.years of education) and one has a master's degree ( 10 years of education). How much more money would we expect the employee with a master's degree to make?
3. A study of beer consumption using the annual data from 1980 -2001 produced the following regression: Y = 0.41 +0.052.X₁; −0.047X2; +0.032X3; −0.018X4i (0.027) (0.011) (0.009) (0.008) (0.009) R² = 0.94 F = 66.58 DW statistic=1.32, figures in the brackets are standard errors Where: Y₁ = Annual aggregate beer consumption in year t (billion pints) X₁₁ = Real disposable income income in year t ($ billions at 2001 prices) X2i = Price of beer in year t (index number with 2001 = 100) X31 Price of wine and sprits in year t (index number with 2001 = 100) = X4₁ = Price of cigarettes in year t (index number 2001 = 100) (a) What is the effect of a change in the price of beer on beer consumption? Does it have the correct sign? Explain. (b) Comment on the signs of the other three coefficients. Are they as expected? (c) Tests the significance of the coefficients on each of the variables Xit i = 1, 2, 3, 4. What assumptions have you made in carrying out these tests? (d) What conclusion do you draw…
4. Residuals are... the difference between observed and values the model. B. data collected from individuals that is not consistent with the rest of the group. C. none of these D. possible models not explored by the researcher. E. variation in the data that is explained by the model. 5. If the point in the upper right corner of this scatterplot is removed from the data set, then what will happen to the slope of the line of best fit (b) and to the correlation (r)? A. b will increase, and r will decrease. b will decrease, and r will increase. C. both will decrease. D. both will increase. E. both will remain the same. 6 An 8th grade class develops a linear model that predicts the number of cheerios (a small round cereal) that fit on the circumference of a plate by using the diameter in inches. Their model is: # cheerios = 0.56 +5.11(diameter). The slope of this model is best interpreted in context as... A. For every 5.11 inches of diameter, the circumference is about 1 cheerio bigger. B.…
5
3. Regression analysis breaks scores on the DV into... (explain and give equations)
Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary = 10,160.10 +3147.75(Education) + 1230.34(Experience) Suppose an employee with 8 years of education has been with the company for 20 years (note that education years are the number of years after 8th grade). According to this model, what is his estimated annual salary? Answer Tables Keypad Keyboard Shortcuts

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