The null hypothesis being tested in the least-squares regression output for B1 B1 = B1,0= 1. True False
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A: SOLUTION:- Given SSR=85000 SSE=15000
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- estion 7 of 15 Suppose the manager of a gas station monitors how many bags of ice he sells daily along with recording the highest temperature each day during the summer. The data are plotted with temperature, in degrees Fahrenheit (°F), as the explanatory variable and the number of ice bags sold on as the response variable. The least squares regression (LSR) line for the data is y = -114.05 +2.17x. On one of the observed days, the temperature was 82 °F and 66 bags of ice were sold. Determine the number of bags of ice predicted to be sold by the LSR line, ŷ, when the temperature is 82 °F. Enter your answer as a whole number, rounding if necessary. ice bags Using the predicted value you just found, compute the residual at this temperature. residual = ice bags DOLLThe least-squares regression line relating two statistical variables is given as = 24 + 5x. Compute the residual if the actual (observed) value for y is 38 when x is 2. 4 38 2A linear regression model based on a random sample of 36 observations on the response variable and 4 predictors has a multiple coefficient of determination equal to 0.697. What is the value of the adjusted multiple coefficient of determination?
- A seafood-sales manager collected data on the maximum daily temperature, T, and the daily revenue from salmon sales, R, using sales receipts for 30 days selected at random. Using the data, the manager conducted a regression analysis and found the least-squares regression line to be Rˆ=126+2.37T. A hypothesis test was conducted to investigate whether there is a linear relationship between maximum daily temperature and the daily revenue from salmon sales. The standard error for the slope of the regression line is SEb1=0.65. Assuming the conditions for inference have been met, which of the following is closest to the value of the test statistic for the hypothesis test? t=0.274 A t=0.65 B t=1.54 C t=3.65 D t=193.85 EA prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The least squares equation was found Y = -13258.594 + 2.422X,, where X; is the program per-year tuition and Y; is the predicted mean starting salary. To perform a residual analysis for these data, the following results are obtained. of regression have been seriously violated. Residual index plot QQ Plot of Residuals Residuals Residuals 20000 20000 -20000 -20000 -40000 40000 TO 20 Index Normal Quantile Residuals vs. Program Per-Year Tuition ($) Residuals Predicted Values vs. Residuals Predicted Values 20000 140000- 120000- 100000 80000- -20000 60000 -40000 40000- 30000 50000 4000 Program Per-Year Tuition ($) 20000 60000 70000 -20000 20000 Residuals ..... a) To evaluate whether the assumption of linearity…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?
- 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 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?The y-interept bo of a least-squares regression line has a useful interpretation only if the x-values are either all positive or all negative. Determine if the statement is true or false. Why? If the statement is false, rewrite as a true statement.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. The least-squares regression equation for these data is Yi=−1.660+1.417Xi and the standard error of the estimate is SYX=19.349. Assume that the straight-line model is appropriate and there are no serious violations the assumptions of the least-squares regression model.
- An 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 0.22XWith multiple regression, the null hypothesis for the entire model now uses the p test. True FalseA linear regression model based on a random sample of 36 observations on the response variable and 4 predictors has a multiple coefficient of determination equal to 0.697. What is the value of the adjusted multiple coefficient of determination?
