The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y =1.405x – 12.307. Complete parts (a) and (b) bele Average Weekly Wages (state), x Average Weekly Wages (federal), y 751 760 791 817 835 881 924 951 1002 1047 1115 1149 1195 1250 1269 1300 (a) Find the coefficient of determination and interpret the result. 2 = 0.94 (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The coefficient of determination is the fraction of the variation in average weekly wages for federal government employees that can be explained by the variation in average weekly wages for state government employees and is represented by 2. The remaining fraction of the variation, 1-, is unexplained and due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result. Se =D (Round to two decimal places as needed.)

The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y =1.405x – 12.307. Complete parts (a) and (b) bele Average Weekly Wages (state), x Average Weekly Wages (federal), y 751 760 791 817 835 881 924 951 1002 1047 1115 1149 1195 1250 1269 1300 (a) Find the coefficient of determination and interpret the result. 2 = 0.94 (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The coefficient of determination is the fraction of the variation in average weekly wages for federal government employees that can be explained by the variation in average weekly wages for state government employees and is represented by 2. The remaining fraction of the variation, 1-, is unexplained and due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result. Se =D (Round to two decimal places as needed.)

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

State the regression identity for degrees of freedom in this case of three predictor variables.
It is believed that the electrical energy that a chemical plant consumes each month is related to the average environmental temperature, the number of days in the month, the average purity of the product, and the tons of product manufactured. Historical data is available for the previous year and is presented in the following table (seen in the image=. Perform simple linear regression analysis
Analysis of the relationship between the fuel economy (combinedMPG) and displacement (in liters) for 1262 models of cars produces the regression model combinedMPH = 33.472 - 3.317Displacement. Explain what the slope means.
The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 90% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,603 thousand barrels per day. The equation of the regression line is Oil produced,x Oil imported, y -1117x+ 15,844.101. 5,158 5,093 5,008 10,026 5,822 5.724 5,651 5,449 9,328 9,131 9,667 10,088 10,145 10,199 Construct and interpret a 90% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,603 thousand barrels per day 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 amount of oil imported is between thousand barreis, when there are…
The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x 1) and newspaper advertising (x 2). The estimated regression equation was Weekly Gross Revenue ($1000s) Televison Advertising ($1000s) Newspaper Advertising ($1000s) 97 6 1.5 91 3 2 95 5 2.5 93 3.5 2.5 96 4 4.3 94 4.5 2.3 95 3.5 4.2 95 4 3.5 ŷ = 82.5 + 2.01 x 1 + 1.26 x 2The computer solution provided SST = 24 and SSR = 22.876. Compute R 2 and R a 2 (to 3 decimals). R 2 R a 2 When television advertising was the only independent variable, R 2 = 0.551 and R a 2 = 0.476. Are the multiple regression analysis results preferable?
A regression analysis was performed to determine if there is a relationship between hours of TV watched per day (xx) and number of sit ups a person can do (yy). The results of the regression were: y=ax+b a=-1.223 b=22.907 r2=0.600625 r=-0.775 Use this to predict the number of sit ups a person who watches 5 hours of TV can do, and please round your answer to a whole number.
The following table gives the data for the grades on the midterm exam and the grades on the final exam. Determine the equation of the regression line, yˆ=b0+b1xy^=b0+b1x. Round the slope and y-intercept to the nearest thousandth. Grades on Midterm and Final Exams Grades on Midterm 78 63 85 92 82 89 69 89 83 61 Grades on Final 77 75 88 92 86 86 80 85 77 63
The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last 7 years. Construct and interpret a 98% prediction interval for the amount of oil imported by the country and the amount of oil produced by the country is 5,483 thousand barrels per day. The equation of the regression line is y = -1.194x + 16,234.906
Draw the regression line for the following equation: Y = -3 + (1) X Show your calculation for a low and high value on the predictor value.
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 98% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $878.The equation of the regression line is y=1.342x+55.816. Wages [state]- 712, 746, 786, 803, 841, 879, 918, 926, 954, 979 Wages [federal]- 1,024, 1,048, 1,098, 1,135, 1,195, 1,240, 1,270, 1,299, 1,340, 1,376 Construct and interpret a 98% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $878. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) PICK THE CORRECT ANSWER [A] We can be 98% confident that when the average weekly wages of state government employees is $878, the average weekly wages of…
The table shows the number of goals allowed and the total points earned (2 points for a win, and 1 point for an overtime or shootout loss) by 14 ice hockey teams over the course of a season. The equation of the regression line is ŷ= -0.556x+217.766. Use the data to answer the following questions. (a) Find the coefficient of determination, 12, and interpret the result. (b) Find the standard error of the estimate, Se, and interpret the result. 213 213 223 226 259 266 281 202 210 205 226 207 259 239 D Goals Allowed, x Points, y 109 109 102 91 88 80 52 105 107 98 95 85 68 66 (a)² = (Round to three decimal places as needed.) Interpret the coefficient of determination. Select the correct choice below and fill in the answer box to complete your choice. (Round to one decimal place as needed.) OA. About OB. About (b) Se = % of the variation in points earned can be explained by the relationship between number of goals allowed and points earned. The remaining variation is unexplained. % of the…
What is the slope and intercept for the regression equation given this data?X = -5, 34, 56, 0, 61Y = 13, 63, 46, -23, 50