Elementary Statistics (13th Edition)
13th Edition
ISBN: 9780134462455
Author: Mario F. Triola
Publisher: PEARSON
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Textbook Question
Chapter 10.2, Problem 29BSC
Large Data Sets. Exercises 29-32 use the same Appendix B data sets as Exercises 29-32 in Section 10-1. In each case, find the regression equation, letting the first variable be the predictor (x) variable. Find the indicated predicted values following the prediction procedure summarized in Figure 10-5 on page 493.
29. Internet and Nobel Laureates Repeal Exercise 13 using all of the paired Internet/Nobel data listed in Data Set 16 “Nobel Laureates and Chocolate” in Appendix B.
13. Internet and Nobel Laureates Find the best predicted Nobel Laureate rate for Japan, which has 79.1 Internet users per 100 people. How does it compare to Japan’s Nobel Laureate rate of 1.5 per 10 million people?
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Number 25
The November 24, 2001, issue of The Economist published economic data for 15
industrialized nations. Included were the percent changes in gross domestic product (GDP),
industrial production (IP), consumer prices (CP), and producer prices (PP) from Fall 2000
to Fall 2001, and the unemployment rate in Fall 2001 (UNEMP). An economist wants to
construct a model to predict GDP from the other variables. A fit of the model
GDP = , + P,IP + 0,UNEMP + f,CP + P,PP + €
yields the following output:
The regression equation is
GDP = 1.19 + 0.17 IP + 0.18 UNEMP + 0.18 CP – 0.18 PP
Predictor
Coef SE Coef
тР
Constant
1.18957 0.42180 2.82 0.018
IP
0.17326 0.041962 4.13 0.002
UNEMP
0.17918 0.045895 3.90 0.003
CP
0.17591 0.11365 1.55 0.153
PP
-0.18393 0.068808 -2.67 0.023
Predict the percent change in GDP for a country with IP = 0.5, UNEMP = 5.7, CP =
3.0, and PP = 4.1.
a.
b.
If two countries differ in unemployment rate by 1%, by how much would you predict
their percent changes in GDP to differ, other…
Number 16
Chapter 10 Solutions
Elementary Statistics (13th Edition)
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