You are an analysis for a hot chocolate company, and want to investigate how weeklyproduct sales are impacted by the current temperature. You investigate weekly salesdata and average temperature for a particular region of customers over 77 weeks.You create a linear regression model to predict weekly sales. The model has residualstandard deviation (Se) of 3360 and a S of 8.3. The regression slope you get in yourmodel is 106. Using this information, create a hypothesis test to investigate if thepopulation regression slope of your model is not equal to zero. What is the value ofthe test statistic of your analysis?Note:1- Only round your final answer. Round your final answer to two decimal places.

Answered: Image /qna-images/answer/3ef9fb97-9443-4e57-8e63-9e6ef255e57b.jpg

Answered: You are an analysis for a hot chocolate…

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

Because colas tend to replace healthier beverages and colas contain caffeine and phosphoric acid, researchers wanted to know whether cola consumption is associated with lower bone mineral density in women. The accompanying data lists the typical number of cans of cola consumed in a week and the femoral neck bone mineral density for a sample of 15 women. Complete parts (a) through (d) below. Click the icon to view the women's data. (a) Find the regression equation treating cola consumption per week as the x-variable. y=x+ (Round to three decimal places as needed.) (b) Interpret the slope. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. OA. For 0 colas consumed in a week, the bone density is predicted to be (Round to three decimal places as needed.) g/cm³. OB. For every cola consumed per week, the bone density decreases by (Round to three decimal places as needed.) g/cm³, on average. OC. For a bone density of 0 g/cm³, the number of colas…
Consider a regression model. The coefficient of determination (R2) gives the proportion of the variability in the dependent variable that is explained by the regression equation. True False
The manager of a car dealership wants to predict the relationship between number of sales persons and the number of cars sold. He collects some data to develop a regression model, which is given below Week Number of cars sold Number of salespersons 1 80 6 2 90 8 3 48 4 4 55 5 5 60 7 6 75 9 7 100 11 8 70 6 9 65 7 10 98 10 (i) Run a regression analysis which explains the number of cars sold in terms of number of salespersons, and estimate the regression line (ii) Interpret the regression coefficient, and determine the significance of the regression coefficient (iii) Interpret the overall model fit…
Suppose that you are modelling cooling costs (y) as a function of the daily high temperature (x) for a building, using a simple linear regression model. You have data consisting of pairs of observations (x, y) over many years. Suppose that from this data you find a Pearson correlation between x and y of 0.5. If tomorrow the temperature is 3 standard deviations above the mean, how many standard deviations above the mean would you expect the cooling costs to be? If it is true that, tomorrow, the temperature is as given in the previous problem, then the expectation that you gave is the exact cooling cost that will occur. True O False
Researchers studying tigers collected data on the length (in meters) and weight (in kilograms) of the animals. Is there statistically significant evidence that the length of tigers is related to their weight?
Develop an estimated multiple regression equation that relates risk of a stroke to a person's age, systolic blood pressure and whether the person is a smoker. x1=persons age x2systrolic blood pressure x3=whether person is a smoker or non smoker
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 below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $852. The equation of the regression line is y = 1.558x- 122.509. Wages (state), x Wages (federal), y 717 759 792 817 837 885 903 931 933 952 1,018 1,044 1,112 1,140 1,185 1,245 1.279 1,298 1,332 1,404 Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $852. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) Se given a state average weekly O A. There is a 99% chance that the predicted average weekly wages of federal government employees is between $ and $ wage of $852. O B. We can be…
While attempting to measure its risk exposure for the upcoming year, an insurance company notices a trend between the age of a customer and the number of claims per year. It appears that the number of claims keep going up as customers age. After performing a regression, they find that the relationship is (claims per year) = 0.385*(age) + 5.218. If a customer is 44.315 years old and they make an average of 11.239 claims per year, the residual is -11.04. Interpret this residual in terms of the problem. Question 10 options: 1) The number of claims per year is 11.04 claims less than what we would expect. 2) The age is 11.04 years larger than what we would expect. 3) The age is 11.04 years less than what we would expect. 4) The number of claims per year is 11.239 claims less than what we would expect. 5) The number of claims per year is 11.04 claims…
For the provided data, develop a regression model for overall satisfaction as a function of years of service and department that has the largest R. Note that the categorical variable department has multiple levels and will require the use of multiple dummy variables. Which department, if any, has the highest impact on roduction satisfaction? Production Production E Click the icon to view the job satisfaction data. Determine the regression model for overall satisfaction as a function of years of service and department that has the largest R. Let "Administrative" be the baseline department, let X, represent Maintenance, let X, represent Management, let X, represent Production, let X, represent Quality Control, and let Xg represent Shipping / Receiving, coding each department variable with a 1 if the person is in that department and 0 otherwise. In addition, let Xe represent Years. Enter the terms of the equation so that the X-values are in ascending numerical order by base. Select the…
Please see attached image.
The sweetness, y, of the fruit is supposed to be related to the average daily sunshine hours, x. The following data shows the sweetness of the same type of fruit at different locations (sunshine hours). Fit the data to a simple linear regression model. x: 5, 6, 7, 6, 6, 8, 7, 5. y: 9, 10, 10, 11, 12, 13, 12, 8. Predict the true mean sweetness for average daily hours of 8 hours, and calculate the residual for average daily sunshine hours of 8 hours.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS