The following is the graph output of running a linear regression model using program per-year tuition as a predictor of mean starting salary upon graduation. Data were collected for 37 full-time MBA programs offered at private universities. Answer the following questions:Fitted line,Mean Starting Salary Upon Graduation ($)95% C.I. for mean,95% P.I. for new180000160000140000-12000010000080000600004000020000-0-20000300007000040000Program Per-Year Tuition ($)5000060000i) Find approximate program per-year tuition of these 37 full-time MBA programs.x = $ (enter an integer)ii) Find a predicted value of mean starting salary upon graduation if the program per-year tuition is $50,000.= $ (enter an integer)iii) Find an estimated value of eroo standard deviation for this model.s =$(enter an integer)iv) Find the 95% prediction interval for the mean starting salary upon graduation of a program with $40,000 program per-year tuition.95% confidence interval ($, $) (enter an integers)

Answered: Image /qna-images/answer/37642a6a-0bb2-4584-908e-94d6e6bcca07.jpg

Answered: The following is the graph output of…

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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A linear model was fit to predict weekly Sales of frozen pizza (in pounds) from the average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three -year period. The average Sales were 63, 200 pounds (SD = 10, 670 pounds), and the correlation between Price and Sales was -0.529. If the Price in a particular week was two SD higher than the mean Price, how much pizza would you predict was sold that week?
The U.S. Postal Service is attempting to reduce the number of complaints made by the public against its workers. To facilitate this task, a staff analyst for the service regresses the number of complaints lodged against an employee last year on the hourly wage of the employee for the year. The analyst ran a simple linear regression in SPSS. The results are shown below. The current minimum wage is $5.15. If an employee earns the minimum wage, how many complaints can that employee expect to receive? Is the regression coefficient statistically significant? How can you tell?
A logistic regression was used to investigate obesity and poor physical health while controlling for the following variables: age, gender, race, income, health status, education, current smoker, and diet/exercise status. Justify the use of a logistic regression.
Can that regression be used to estimate the effect of the national unemployment rate on an individual’s earnings? Explain.
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
In linear regression analysis, the coefficient for the x-variable when the y-variable is regressed on the x-variable can be thought of as: Note: more than one answer may be correct Group of answer choices How much the value of the predicted y-variable will change when the x-variable changes by one unit. In the simple (two variable) linear regression model, the coefficient can be thought as the slope coefficient that measures the responsiveness of y to changes in x. The estimated coefficient will change if the sample containing x and y changes. The sample coefficient is an estimate of the population coefficient Before interpreting the coefficient for the x-variable, we should test whether the coefficient is statistically significant.
Is it reasonable to interpret the y-intercept of the regression line? Why or why not? One home that is 1,750 square feet is listed at $590,000. Is this home's price above or below average for a home of this size? Use residuals and show your work to answer. footaget) ## (Intercept) 21.14411 136.31449 0.155 0.87954 ## footage 0.28388 0.08516 3.333 0.00667 ** ## Residual standard error: 71.64 on 11 degrees of freedom ## Multiple R-squared: 0.5025, Adjusted R-squared: 0.4573 ## F-statistic: 11.11 on 1 and 11 DF, p-value: 0.006671
Describe three approaches to modeling seasonality in a regression forecast.

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