The manager of the purchasing department of a large saving and loan organization would like to develop a model to predict the amount of time (measured in hours) it takes to record a loan application. Data are collected from a sample of 30 days, and the number of applications recorded and completion time in hours is recorded. Below is the regression output: The degrees of freedom for the F test on whether the number of load applications recorded affects the amount of time are Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.9447 0.8924 0.8886 0.3342 30 ANOVA df SS MS F Significance 25.9438 232.2200 4.3946E-15 Regression Residual Total 25.9438 3.1282 28 0.1117 29 29.072 t Stat P-value Lower 95% Upper 95% Standard Error Coefficients 0.0030 0.1492 0.6555 0.4024 0.0126 0.1236 3.2559 Intercept Applications Recorded 0.0008 15.2388 0.0000 0.0109 0.0143

The manager of the purchasing department of a large saving and loan organization would like to develop a model to predict the amount of time (measured in hours) it takes to record a loan application. Data are collected from a sample of 30 days, and the number of applications recorded and completion time in hours is recorded. Below is the regression output: The degrees of freedom for the F test on whether the number of load applications recorded affects the amount of time are Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.9447 0.8924 0.8886 0.3342 30 ANOVA df SS MS F Significance 25.9438 232.2200 4.3946E-15 Regression Residual Total 25.9438 3.1282 28 0.1117 29 29.072 t Stat P-value Lower 95% Upper 95% Standard Error Coefficients 0.0030 0.1492 0.6555 0.4024 0.0126 0.1236 3.2559 Intercept Applications Recorded 0.0008 15.2388 0.0000 0.0109 0.0143

Name: 1-The manager of the purchasing department of a large saving and loan
Uploaded: 2024-03-20T07:06:27.000Z
Channel: Bartleby
Description: 1-The manager of the purchasing department of a large saving and loan organization would like to develop a model topredict the amount of time (measured in hours) it takes to record a loan application. Data are collected from asample of 30 days, and

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

25. A verage Wind Speeds A sample of 40 large cities was selected, and the average of the wind speeds was com- puted for each city over one year. Construct a frequency distribution, using 7 classes. 12.2 10.5 9.5 10.2 6.2 8.9 8.7 10.5 10.2 10.7 9.0 8.9 12.2 7.1 11.0 8.7 8.4 8.8 7.1 10.1 11.2 9.1 8.2 7.9 8.7 10.4 7.7 12.3 10.7 7.7 7.8 11.8 10.5 7.9 8.3 8.7 9.6 9.6 8.6 10.3
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?
Researchers are interested in predicting the height of a child based on the heights of their mother and father. Data were collected, which included height of the child (height ), height of the mother ( mothersheight), and height of the father (fathersheight ). The initial analysis used the heights of the parents to predict the height of the child (all units are inches). The results of the analysis, a multiple regression, are presented below. . regress height mothersheight fathersheight Source Model Residual Total height mothersheight fathersheight _cons SS df 208.008457 314.295372 37 2 104.004228 8.49446952 MS 522.303829 39 13.3924059 Coef. Std. Err. .6579529 .1474763 .2003584 .1382237 9.804327 12.39987 t P>|t| 4.46 0.000 C 0.156 0.79 0.434 Number of obs = F( 2, 37) = Prob > F R-squared Adj R-squared Root MSE = .3591375 -.0797093 -15.32021 = 40 12.24 0.0001 0.3983 0.3657 2.9145 [95% Conf. Interval] .9567683 .4804261 34.92886 What is the predicted height for a child born to a mother…
The estimated regression model is given : Consumption = 49.13 + 0.85 Income + error Consumption is dependent variable ; Income ( weekly) - family Income Let's say a family income earns $ 100 more per week . How to affect the consumption level? Choose one right answer A. For every 100 $ a family earns more per week in this case the consumption will grow on average and expected of 85 $ worth. B. For every 100 $ a family earns more per week in this case the consumption will fall on average and expected of 49.14 $ worth.
- X Wins and ERA Earned run Wins, x average, y 20 2.79 18 3.31 17 2.65 16 3.83 14 3.94 12 4.27 11 3.78 9 5.18 Print Done
Refer to the Baseball 2018 data, which reports information on the 2018 Major League Baseball season. Let attendance be the dependent variable and total team salary be the independent variable. Determine the regression equation and answer the following questions. Click here for the Excel Data Filea-1. Draw a scatter diagram.1. On the graph below, use the point tool to plot the point corresponding to the Attendance and its team salary (Salary 1).2. Repeat the process for the remainder of the sample Salary 2, Salary 3, … ).3. To enter exact coordinates, double-click on the point and enter the exact coordinates of x and y. a-2. From the diagram, does there seem to be a direct relationship between the two variables?multiple choice 1 Yes No b. What is the expected attendance for a team with a salary of $100.0 million? (Round your answer to 4 decimal places.) c. If the owners pay an additional $30 million, how many more people could they expect to attend? (Round your answer to 3…
In R there is a dataset called diamonds that contains measurements of about 500 diamonds sold in the US. There are three variables present: price (price in US dollar), carat (weight of the diamond), and table (width of top of diamond relative to the widest point). The attached image is a screenshot of the R dataset with the regression table and all that. ANSWER THIS QUESTION IN WORDS: Discuss the regression between the variables table and price. You should address the explanatory variable, response variable, correlation, and sign. You should interpret the slope, the t and p-value, and how much is explained by the response.
Data were collected that included information on the weight of the trash (in pounds) on the street one week and the number of people who live in the house. The figure shows a scatterplot with the regression line. Complete parts (a) through (d) below.
Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained: The regression equation is Price = B + ¢Bedroom + yHouse Size + ALot Size Predictor Сoef SE Coef т P Constant 37718 14177 2.66 ** Bedrooms 2306 6994 0.33 0.742 House Size 74.3 52.98 0.164 Lot Size -4.36 17.02 -0.26 0.798 S= 25023 R-Sq=56.0% R-Sq(adj)=54.6% Source DF MS F P Regression 3 76501718347 25500572782 Residual Error 96 60109046053 626135896 Total 99 • Is y significantly different from -0.5? Perform the F test at the 1% level, making sure to state the null and alternative hypotheses. Give an interpretation to the term “R-sq" and comment on its value.
The accompanying data are the number of wins and the earned run averages (mean number of earned runs allowed per nine innings pitched) for eight baseball pitchers in a recent season. Find the equation of the regression line. Then construct a scatter plot of the data and draw the regression line. Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. If the x-value is not meaningful to predict the value of y, explain why not. (a) x = 5 wins Click the icon to view the table of numbers of wins and earned run average. (b) x= 10 wins (c) x=21 wins (d) x= 15 wins The equation of the regression line is y = x+ | (Round to two decimal places as needed.) !!
Which of the multivariate regression parameters listed below would be best interpreted as: the proportion of variation in the dependent variable explain by all the independent variables in the model. a b1 X1 R2
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