The sale of product in lakhs of rupees (Y) is expected to be influenced by twovariables namely the advertising expenditure (X1) (in INR) and the number ofsales persons (X2) in a region. Sample data on 8 regions of a state has given thefollowing results. Find out the equation of the regression model.AreaYXI1235678110807012015090701203040205060402060X211107151912814

The sales in rupees is expected to be influenced by two variables advertising expenditure and the…

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A grocery store manager did a study to look at the relationship between the amount of time (in minutes) customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below. Time 10 8 6 13 19 18 27 10 7 Money 58 25 41 51 84 81 87 45 15 1. The equation of the linear regression line is: ˆyy^ = ______ +_____ xx (Please show your answers to two decimal places)
We have data from 209 publicly traded companies (circa 2010) indicating sales and compensation information at the firm-level. We are interested in predicting a company's sales based on the CEO's salary. The variable sales; represents firm i's annual sales in millions of dollars. The variable salary; represents the salary of a firm i's CEO in thousands of dollars. We use least-squares to estimate the linear regression sales; = a + ßsalary; + ei and get the following regression results: . regress sales salary Source Model Residual Total sales salary cons SS 337920405 2.3180e+10 2.3518e+10 df 1 207 208 Coef. Std. Err. .9287785 .5346574 5733.917 1002.477 MS 337920405 111980203 113066454 Number of obs F (1, 207) Prob > F R-squared t P>|t| = Adj R-squared = Root MSE 1.74 0.084 5.72 0.000 = = -.1252934 3757.543 = 209 3.02 0.0838 0.0144 0.0096 10582 [95% Conf. Interval] 1.98285 7710.291 This output tells us the regression line equation is sales = 5,733.917 +0.9287785 salary. Interpret the…
Sir Francis Galton, in the late 1800s, was the first to introduce the statistical concepts of regression and correlation. He studied the relationships between pairs of variables such as the size of parents and the size of their offspring. Data similar to that which he studied are given below, with the variable x denoting the height (in centimeters) of a human father and the variable y denoting the height at maturity (in centimeters) of the father's oldest son. The data are given in tabular form and also displayed in the Figure 1 scatter plot. Height of father, X (in centimeters) 157.4 178.6 200.6 174.2 187.2 176.2 184.0 172.5 190.5 160.8 171.6 183.5 191.5 190.7 162.1 Height of son, y (in centimeters) 174.8 189.5 191.3 179.0 175.4 174.5 177.6 170.5 187.4 171.7 181.6 188.8 191.2 194.3 167.6 Send data to calculator V Send data to Excel What is the value of the slope of the least-squares regression line for these data? Round your answer to at least two decimal places. 210- What is the…
The following data shows memory scores collected from adults of different ages. Age (X) Memory Score (Y) 25 10 32 10 39 9 48 9 56 7 Use the data to find the regression equation for predicting memory scores from age. The regression equation is: Ŷ = 4.33X + 0.11 Ŷ = -0.11X + 4.33 Ŷ = -0.11X + 13.26 Ŷ = -0.09X + 5.4 Ŷ = -0.09X + 12.6 Use the regression equation you found in question 6 to find the predicted memory scores for the following age: 28 For the calculations, leave two places after the decimal point and do not round: Use the regression equation you found in question 6 to find the predicted memory scores for the following age: 43 For the calculations, leave two places after the decimal point and do not round: Use the regression equation you found in question 6 to find the predicted memory scores for the following age: 50 For the calculations, leave two places after the decimal point and do not round:
Sir Francis Galton, in the late 1800s, was the first to introduce the statistical concepts of regression and correlation. He studied the relationships between pairs of variables such as the size of parents and the size of their offspring. Data similar to that which he studied are given below, with the variable x denoting the height (in centimeters) of a human father and the variable y denoting the height at maturity (in centimeters) of the father's oldest son. The data are given in tabular form and also displayed in the Figure 1 scatter plot. Also given is the product of the father's height and the son's height for each of the fifteen pairs. (These products, written in the column labelled "xy", may aid in calculations.) Height of father, x (in centimeters) 176.6 181.3 171.6 158.3 181.5 190.5 161.2 191.2 175.9 Height of son, y (in centimeters) 173.4 188.9 180.7 175.0 176.3 189.2 168.5 194.8 179.5 191.3 171.2 200.0 170.1 192.2 162.0 186.8 184.9 Send data to calculator 190.9 172.1 176.4…
A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B0IL+YEXP+8FDI Where FR = yearly foreign reserves ($000°s), OIL = annual oil prices, EXP = yearly total exports ($000's) and FDI = annual foreign direct investment ($000`s). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** s = 2.45 R-sq = 96.3% R-sq (adj) = 95.3% Analysis of Variance Source DF MS F Regression 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15 a) What is dependent and independent variables? b) Fully write out the regression equation
There is a dataset of size n = 51 and is for the 50 states and the District of Columbia in the United States. The dependent variable is year 2002 birth rate per 1000 females 18 to 19 years old and independent variable is the violent crime rate (per 1000 population). A simple linear regression model is run with the results given below. What is the Pearson correlation coefficient between x and y variables? The R squared of the model? What kind of relationship there is?
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3. Wine Participant magazine has collected average price per bottle for the prestigious Chateau Le Thundebird bordeaux for different vintages (years). The data appears in the table below. year of bottling price a) draw the scatter diagram showing how wine price varies by vintage year b) use the most appropriate regression equation to determine the relationship between year of bottling (age) and price. c) what is the explanatory power (RSQ) of that equation d) determine the predicted price of a bottle of this wine for the 2017 vintage. 2009 36 2010 40 2011 51 2012 60 2013 68 2014 72 2015 70 2016 65 2018 51 2019 44 2020 39

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