The statistic used to test whether individual regression coefficients are different from zero in the population is: Select one: a. F O b. b Oc. R2 O d. t Clear my choice
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- Fourteen hikers were surveyed at Algonquin Park, and asked for how many days have you been hikingand far did your travel in that time? The equation for the linear regression line is y+3x + 10.3 where x is the number of days and y is the distance travelled. Does the data include an outlier? and if so which point? Number of days hiked 1 1 2 3 3 5 5 6 7 7 9 10 11 12 Distance Traveled (km) 12 17 18 19 21 23 25 23 30 31 37 39 41 52Bluereef 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 + OBedroom + yHouse Size + ALot Size Coef SE Coef Predictor T 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 R-Sq=56.0% R-Sq (adj)=54.6% S= 25023 Source DF MS F P Regression 3 76501718347 25500572782 *** **** Residual Error 96 60109046053 626135896 Total 99 a) Write out the regression equation. b) Fill in the missing values *, **, c) Use the p-value approach to determine if ø is significant at the 5% significance level and d) Is y significantly different from -0.5? e) Perform the F test at the 1% level, making sure to state the null and alternative hypotheses. f) Give an interpretation to the term "R-sq" and comment…An econometric model is a multiple linear regression model if Select one: a. it explains y as a linear function of several x , the explanatory variables b. none of the answers is correct c. it explains the average value of y as a linear function of several explanatory variables d. it explains the average of y as a function of several x e. it explains the sample mean of y as a function, linear in the parameters , of several x
- The local utility company surveys 12 randomly selected customers. For each survey participant, the company collects the following: annual electric bill (in dollars) and home size (in square feet). Output from a regression analysis is as follows: bill = 16.2 + 3.58. size. Coefficients Estimate Std. Error (Intercept) 16.2 Size 3.58 0.47 0.68 Round your answer to three decimal places, and round any interim calculations to four decimal places. We are 99% confident that the mean annual electric bill increases by between dollars for every additional square foot in home size. dollars andBased on the null hypothesis when testing the overall model of a multiple regression, which variables are providing significant information about the response? a. all of them b. some of them c. none of them d. most of themThe data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 58 inches. Is the result close to the actual weight of 572 pounds? Use a significance level of 0.05. Chest size (inches) 46 57 53 41 40 40 Weight (pounds) 384 580 542 358 306 320 LOADING... Click the icon to view the critical values of the Pearson correlation coefficient r. What is the regression equation? y=nothing+nothingx (Round to one decimal place as needed.)
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- The datasetBody.xlsgives the percent of weight made up of body fat for 100 men as well as other variables such as Age, Weight (lb), Height (in), and circumference (cm) measurements for the Neck, Chest, Abdomen, Ankle, Biceps, and Wrist. We are interested in predicting body fat based on abdomen circumference. Find the equation of the regression line relating to body fat and abdomen circumference. Make a scatter-plot with a regression line. What body fat percent does the line predict for a person with an abdomen circumference of 110 cm? One of the men in the study had an abdomen circumference of 92.4 cm and a body fat of 22.5 percent. Find the residual that corresponds to this observation. Bodyfat Abdomen 32.3 115.6 22.5 92.4 22 86 12.3 85.2 20.5 95.6 22.6 100 28.7 103.1 21.3 89.6 29.9 110.3 21.3 100.5 29.9 100.5 20.4 98.9 16.9 90.3 14.7 83.3 10.8 73.7 26.7 94.9 11.3 86.7 18.1 87.5 8.8 82.8 11.8 83.3 11 83.6 14.9 87 31.9 108.5 17.3…. In regression, what is the meaning of: a) R b) R2 c) a and b in a regression lineRefer the image for the question