The measure of standard error can also be applied to the parameter estimates resulting from linear regressions.For example, consider the following linear regression equation that describes the relationship between education and wage:WAGE; = Bo + B1 EDUC; + e:where WAGE; is the hourly wage of person i (i.e., any specific person) and EDUC; is the number of years of education for that same person. Theresidual e; encompasses other factors that influence wage, and is assumed to be uncorrelated with education and have a mean of zero.Suppose that after collecting a cross-sectional data set, you run an OLS regression to obtain the following parameter estimates:WAGE; = –11.1+6.2 EDUC;If the standard error of the estimate of B, is 1.34, then the true value of B1 lies betweenandAs the number of observations in a data setgrows, you would expect this range toin size.

The true value of b1 must lie between (coefficient estimate - standard error, coefficient estimate +…

Answered: The measure of standard error can also…

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 invasive diatom species Didymosphenia geminata has the potential to inflict substantial ecological and economic damage in rivers. An article described an investigation of colonization behavior. One aspect of particular interest was whether y = colony density was related to x = rock surface area. The article contained a scatterplot and summary of a regression analysis. Here is representative data. x 50 71 55 50 33 58 79 26 y 157 1934 53 27 7 10 40 12 x 69 44 37 70 20 45 49 y 274 43 176 18 48 190 30 (a) Fit the simple linear regression model to this data. (Round your numerical values to three decimal places.) y = Predict colony density when surface area = 70 and calculate the corresponding residual. (Round your answers to the nearest whole number.) colony density corresponding residual Predict colony density when surface area = 71 and calculate the corresponding residual. (Round your answers to the nearest whole number.) colony…
A statistical program is recommended. The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. Weekly Television Gross Newspaper Advertising Advertising ($1,000s) ($1,000s) Revenue ($1,000s) 96 5.0 1.5 90 2.0 2.0 95 4.0 1.5 92 2.5 2.5 95 3.0 3.3 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 1 (a) Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let x₁ represent the amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.) y = 88.64 + 1.60x1 X (b) Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. (Round your numerical values to two decimal places. Let x₁ represent the amount of television advertising in $1,000s, x₂ represent the amount of…
A study examined the eating habits of 20 children at a nursery school. The variables measured for each child included: calories (the number of calories eaten at lunch), time (the time in minutes spent eating lunch), and sex (male=1, female=0). A multiple linear regression model using Y = calories, X1 = time, and X2 = sex led to the following model: y=547.65-2.85x1+10.67x2 For two children who spend the same amount of time eating, one male and one female, which child is predicted to consume more calories and by how much?
A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use online trailer views as a predictor. For each of the 66 movies, the number of online trailer views from the release of the trailer through the Saturday before a movie opens and the opening weekend box office gross (in millions of dollars) are collected and stored in the accompanying table. A linear regression was performed on these data, and the result is the linear regression equation Yi=−0.840+1.4108Xi. Determine the coefficient of determination,r2,and interpret its meaning. Determine the standard error of the estimate. How useful do you think this regression model is for predicting opening weekend box office gross? Can you think of other variables that might explain the variation in opening weekend box office gross?
Stoaches are fictional creatures that nest in truffula forests. A researcher wants to know whether there is a relationship between a stoach’s wingspan (?W, the predictor) and its nest height (?H, the response). A sample of 85 stoaches is observed, and for each, the wing-span (in cm) and the nest height (in m) are recorded. The observed data meet the assumptions for a linear regression, so the researcher fits the regression model and obtains a regression equation ℎ̂=−4.273+0.834?,h^=−4.273+0.834w, with standard error for the coefficient of ?w equal to 0.242. Determine the ?p-value from a test for a statistically significant linear dependence of nest height on wing-span. (Give your answer to 4 decimal places.
A box office analyst seeks to predict opening weekend box office gross for movies. Toward this goal, the analyst plans to use online trailer views as a predictor. For each of the 66 movies, the number of online trailer views from the release of the trailer through the Saturday before a movie opens and the opening weekend box office gross (in millions of dollars) are collected and stored in the accompanying table. A linear regression was performed on these data, and the result is the linear regression equation Yi=−1.254+1.3968Xi. Complete parts (a) through (d). a. Determine the coefficient of determination,r2,and interpret its meaning. b. Determine the standard error of the estimate. c. How useful do you think this regression model is for predicting opening weekend box office gross? d. Can you think of other variables that might explain the variation in opening weekend box office gross?
9 students were surveyed to see what their age is and what their income level is. Find the equation of the line using linear regression. We want to predict their age using their income. age 18 24 38 22 19 35 28 19 27 income 456 786 835 855 645 244 587 1400 975 Just a side note, the 19 year old is making 1400, would be considered an outlier since they are making way more than everyone else. (y=-.0061x+34.9874 4 decimals) y=30.3709-.0064
The City of Bellmore’s police chief believes that maintenance costs on high-mileage police vehicles are much higher than those costs for low-mileage vehicles. If high-mileage vehicles are costing too much, it may be more economical to purchase more vehicles. An analyst in the department regresses yearly maintenance costs (Y) for a sample of 200 police vehicles on each vehicle’s total mileage for the year (X). The regression equation finds: Y = $50 + .030X with a r2 of .90 What is the IV? What is the DV? If the mileage increases by one mile, what is the predicted increase in maintenance costs? If a vehicle’s mileage for the year is 50,000, what is its predicted maintenance costs? What does an r2 of .90 tell us? Is this a strong or weak correlation? How can you tell?
A study of king penguins looked for a relationship between how deep the penguins dive to seek food and how long they stay underwater. For all but the shallowest dives, there is a linear relationship that is different for different penguins. The study report gives a scatterplot for one penguin titled " The relation of dive duration (DD) to depth (D)." Duration DD is measured in minutes and depth D is in meters. The report then says, " The regression equation for this bird is: DD = 2.33 + 0.001 D. (a) What is the slope of the regression line?. ANSWER ? minutes per meter. (b) According to the regression line, how long does a typical dive to a depth of 100 meters last? ANSWER ? minutes.
The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $825. The equation of the regression line is y = 1.597x- 169.203. Wages (state), x Wages (federal), y 742 775 783 802 842 890 912 939 949 954 1,002 1,039 1,097 1,145 1,199 1,242 1,271 1,299 1,335 1,398 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $825. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. There is a 90% chance that the predicted average weekly wages of federal government employees is between S and S given a state average weekly wage of $825. O B. We can be 90%…
The police chief believes that maintenance costs on high-mileage police vehicles are much higher than those costs for low-mileage vehicles. If high-mileage vehicles are costing too much, it may be more economical to purchase more vehicles. An analyst in the department regresses yearly maintenance costs (Y) for a sample of 200 police vehicles on each vehicle’s total mileage for the year (X). The regression equation finds: Y = $50 + .030X with a r2 of .90 If a vehicle’s mileage for the year is 50,000, what is its predicted maintenance costs? What does an r2 of .90 tell us? Is this a strong or weak correlation? How can you tell?
Which of the following statements best describes linear regression? A measure of the degree of dependence between two variables. A statistical technique using pairs of data and identifying a line which ‘best fits’ all of the pairs of observations. A measure of the proportion of changes in the dependent variable which can be explained by a change in the independent variable. Shows individual costs against their associated activity levels but makes no attempt to identify a linear relationship between them.

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