The least squares line relating verbal memory (y) with right hippocampal volume (x) was found to be ŷ = 4 + 3x. The slope of the regression line can be interpreted in the following way:
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- AnkitFor major league baseball teams, do higher player payrolls mean more gate money? Here are data for each of the American League teams in the year 2002. The variable x denotes the player payroll (in millions of dollars) for the year 2002, and the variable y denotes the mean attendance (in thousands of fans) for the 81 home games that year. The data are plotted in the scatter plot below, as is the least-squares regression line. The equation for this line is y = 11.43 + 0.23x. Player payroll, x (in Mean attendance, y (in $1,000,000s) thousands) Anaheim 62.8 28.52 Baltimore 56.5 33.09 40- Boston 110.2 32.72 35 Chicago White Sox 54.5 20.74 30- Cleveland 74.9 32.35 25- Detroit 54.4 18.52 Kansas City 49.4 16.30 15- Minnesota 41.3 23.70 10+ New York Yankees 133.4 42.84 Oakland 41.9 26.79 20 40 60 80 100 120 140 Seattle 86.1 43.70 Player payroll, Тarmpa Bay 34.7 13.21 X (in $1,000,000s) Техas 106.9 29.01 Toronto 66.8 20.25 Send data to calculator Send data to Excel Based on the sample data and…An engineer wants to determine how the weight of a gas-powered car, x, affects gas mileage, y. The accompanying data represent the weights of various domestic cars and their miles per gallon in the city for the most recent model year. Complete parts (a) through (d) below. Click here to view the weight and gas mileage data. (a) Find the least-squares regression line treating weight as the explanatory variable and miles per gallon as the response variable. Car Weight and MPG (Round the x coefficient to five decimal places as needed. Round the constant to two decimal places as needed.) Weight (pounds), x Miles per Gallon, y 3806 16 3796 15 2669 24 3520 18 3361 21 2911 22 3808 18 2612 24 3375 19 3737 16 3320 19
- A recent Gallup survey of a random sample of Americans (18 and older) found that the average number of alcoholic drinks consumed per week (drinks) by males was 4.2 and by females was 1.4.[1] Suppose we use the underlying survey data to estimate a least-squares regression of the average number of drinks a person reports consuming per week (Drinks;) on a dummy variable equal to 1 if i is female and O otherwise (Female;). (Assume all respondents identify as either male or female.) The estimated regression line equation can be written as: Drinks = a +bFemale Alcohol Consumption by Gender Because Female is a dummy variable, the problem provides us with enough information to figure out the exact regression line equation. What is the numerical value of a?The data in the table represent the number of licensed drivers in various age groups and the number of fatal accidents within the age group by gender. Complete parts (a) to (c) below. Click the icon to view the data table. C... (a) Find the least-squares regression line for males treating the number of licensed drivers as the explanatory variable, x, and the number of fatal crashes, y, as the response variable. Repeat this procedure for female Find the least-squares regression line for males. ŷ=0x+0 (Round the slope to three decimal places and round the constant to the nearest integer as needed.) Data for licensed drivers by age and gender. 21-24 25-34 35-44 45-54 55-64 65-74 > 74 Number of Male Fatal Licensed Age Drivers (000s) < 16 12 16-20 6,424 6,914 18,068 20,406 Number of Number of Female Fatal Crashes Licensed (Males) Drivers (000s) 227 12 6,139 Crashes (Females) 77 2,113 1,534 5,180 5,016 6,816 8,567 17,664 2,780 7,990 20,047 2,742 19,984 14,441 8,386 5,375 19,898 14,328 8,194…Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and y- intercept to at least four decimal places.
- In a simple regression, the ordinary least squares estimate of the slope coefficient is expected to be more precise the greater is the variation in the dependent variable and the lesser is the variation in the independent variable. True FalseA recent Gallup survey of a random sample of Americans (18 and older) found that the average number of alcoholic drinks consumed per week (drinks) by males was 4.2 and by females was 1.4.[¹] Suppose we use the underlying survey data to estimate a least-squares regression of the average number of drinks a person reports consuming per week (Drinks;) on a dummy variable equal to 1 if i is female and 0 otherwise (Female;). (Assume all respondents identify as either male or female.) The estimated regression line equation can be written as: Drinks = a +bFemale Alcohol Consumption by Gender What is the numerical value of b?A company that manufactures computer chips wants to use a multiple regression model to study the effect that 3 different variables have on y, the total daily production cost (in thousands of dollars). Let B,, B,, and B, denote the coefficients of the 3 variables in this model. Using 22 observations on each of the variables, the software program used to find the estimated regression model reports that the total sum of squares (SST) is 485.84 and the regression sum of squares (SSR) is 229.91. Using a significance level of 0.10, can you conclude that at least one of the independent variables in the model provides useful (i.e., statistically significant) information for predicting daily production costs? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (a) State the null hypothesis H, for the test. Note that the alternative hypothesis H, is given. H, :0 H, : at least one of the independent variables is useful…
- An oil exploration company wants to develop a statistical model to predict the cost of drilling a new well. One of the many variables thought to be an important predictor of the cost is the number of feet in depth that the must be drilled to create the well. Consequently, the company decided to fit the simple linear regression model, where y = cost of drilling the new well (in $thousands) and x = number of feet drilled to create the well. Using data collected for a sample of n=83 wells, the following results were obtained: = 10.5 + 16.20x Give a practical interpretation of the estimate of the slope of the least squares line. An oil exploration company wants to develop a statistical model to predict the cost of drilling a new well. One of the many variables thought to be an important predictor of the cost is the number of feet in depth that the must be drilled to create the well. Consequently, the company decided to fit the simple linear regression model, where y =…The marketing manager wants to estimate the effect of the MBA program on Salary controlling for the other factors. Which regression model is the MOST appropriate? Oa. Salary = B_0+B_1 MBA + ε Ob. Salary = 3_0+ B_1 MBA + B_2 Work + e c. Salary = B_0+B_1 MBA+B_2 Work + B_3 Age +8 Od. Salary = B_0+ B_1 MBA + B_2 Work + B_3 Age +B_4 Gender + εAn automotive engineer computed a least-squares regression line for predicting the gas mileage (mpg) of a certain vehicle from its speed in mph. The results are presented in the following Excel output: What is the regression equation? Intercept Speed R-Sq Coefficients 40.69 -0.22 0.588. Og = 40.69 0.22X Oy = 40.69 0.588X Oŷ = 0.22 + 40.69X Oy = 0.588 0.22X