Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Chapter 11, Problem 68CP
To determine
Explain the result that shows a very slight trend over time for fewer people to report being very happy.
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You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below.
please do it step by step on excel
Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship.
Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship.
Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size).
Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple…
Chapter 11 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 11.1 - Gender gap in politics? In the United States, is...Ch. 11.1 - Prob. 2PBCh. 11.1 - Williams College admission Data from 2013 posted...Ch. 11.1 - Prob. 4PBCh. 11.1 - Marital happiness and income In the GSS, subjects...Ch. 11.1 - What is independent of happiness? Which one of the...Ch. 11.1 - Sample evidence about independence Refer to the...Ch. 11.2 - Life after death and gender In the 2012 GSS, 605...Ch. 11.2 - Happiness and gender For the 2 3 table on gender...Ch. 11.2 - Prob. 10PB
Ch. 11.2 - Marital happiness and income In Exercise 11.5 when...Ch. 11.2 - First and second free throw independent? In pro...Ch. 11.2 - Cigarettes and marijuana The table on the...Ch. 11.2 - Prob. 14PBCh. 11.2 - Help the environment In 2010 the GSS asked whether...Ch. 11.2 - Prob. 16PBCh. 11.2 - Aspirin and heart attacks A Swedish study used...Ch. 11.2 - z test for heart attack study Refer to the...Ch. 11.2 - Severity of fever after flu shot The study...Ch. 11.2 - Prob. 20PBCh. 11.2 - Testing a genetic theory In an experiment on...Ch. 11.2 - Birthdays by quarters Based on a random sample of...Ch. 11.2 - Checking a roulette wheel Karl Pearson devised the...Ch. 11.3 - Democrat, race, and gender The two tables show...Ch. 11.3 - Death penalty associations Table 11.10, summarized...Ch. 11.3 - Smoking and alcohol The table refers to a survey...Ch. 11.3 - Sex of victim and offender For murders in the...Ch. 11.3 - Smelling and mortality A recent study (Pinto et...Ch. 11.3 - Vioxx In September 2004, the pharmaceutical...Ch. 11.3 - Egg and cell derived vaccine When comparing the...Ch. 11.3 - Risk of dying for teenagers According to...Ch. 11.3 - Marital happiness The table shows 2012 GSS data on...Ch. 11.3 - Party ID and gender The table shows the 2012 GSS...Ch. 11.3 - Chi-squared versus measuring association For the...Ch. 11.4 - Standardized residuals for happiness and income...Ch. 11.4 - Prob. 36PBCh. 11.4 - Prob. 37PBCh. 11.4 - Prob. 38PBCh. 11.4 - Prob. 39PBCh. 11.4 - Prob. 40PBCh. 11.5 - Keeping old dogs mentally sharp In an experiment...Ch. 11.5 - Prob. 43PBCh. 11.5 - Prob. 44PBCh. 11.5 - Prob. 46PBCh. 11 - Female for president? When recent General Social...Ch. 11 - Prob. 48CPCh. 11 - Down and chi-squared For the data in the previous...Ch. 11 - Prob. 50CPCh. 11 - Prob. 51CPCh. 11 - Prob. 52CPCh. 11 - Prob. 53CPCh. 11 - Prob. 54CPCh. 11 - Prob. 55CPCh. 11 - Prob. 56CPCh. 11 - Seat belt helps? The table refers to passengers in...Ch. 11 - Prob. 58CPCh. 11 - Prob. 59CPCh. 11 - Prob. 60CPCh. 11 - Prob. 61CPCh. 11 - Prob. 62CPCh. 11 - Prob. 63CPCh. 11 - Prob. 64CPCh. 11 - Clarity of diamonds Does the clarity of a diamond...Ch. 11 - Benfords Law When looking at a collection of...Ch. 11 - Prob. 67CPCh. 11 - Prob. 68CPCh. 11 - Prob. 70CPCh. 11 - Prob. 71CPCh. 11 - Prob. 72CPCh. 11 - Prob. 73CPCh. 11 - Prob. 74CPCh. 11 - Prob. 75CPCh. 11 - Prob. 76CPCh. 11 - Prob. 77CPCh. 11 - Prob. 78CPCh. 11 - Prob. 79CPCh. 11 - Statistical versus practical significance In any...Ch. 11 - Prob. 81CPCh. 11 - Multiple response variables Each subject in a...Ch. 11 - Standardized residuals for 2 2 tables The table...Ch. 11 - Prob. 84CPCh. 11 - Prob. 85CPCh. 11 - Prob. 86CPCh. 11 - Prob. 87CPCh. 11 - Prob. 88CPCh. 11 - Voting with 16 A recent survey of Austrian high...
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- Here is data with as the response variable. x y54.4 19.124.9 99.334.5 9.476.6 0.359.4 4.554.4 0.139.2 56.354 15.773.8 9-156.1 319.2Make a scatter plot of this data. Which point is an outlier? Enter as an ordered pair, e.g., (x,y). (x,y)= Find the regression equation for the data set without the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_wo= Find the regression equation for the data set with the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_w=arrow_forwardYou have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. please do it step by step Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear…arrow_forwardExercises: Find all the whole number solutions of the congruence equation. 1. 3x 8 mod 11 2. 2x+3= 8 mod 12 3. 3x+12= 7 mod 10 4. 4x+6= 5 mod 8 5. 5x+3= 8 mod 12arrow_forward
- Scenario Sales of products by color follow a peculiar, but predictable, pattern that determines how many units will sell in any given year. This pattern is shown below Product Color 1995 1996 1997 Red 28 42 21 1998 23 1999 29 2000 2001 2002 Unit Sales 2003 2004 15 8 4 2 1 2005 2006 discontinued Green 26 39 20 22 28 14 7 4 2 White 43 65 33 36 45 23 12 Brown 58 87 44 48 60 Yellow 37 56 28 31 Black 28 42 21 Orange 19 29 Purple Total 28 42 21 49 68 78 95 123 176 181 164 127 24 179 Questions A) Which color will sell the most units in 2007? B) Which color will sell the most units combined in the 2007 to 2009 period? Please show all your analysis, leave formulas in cells, and specify any assumptions you make.arrow_forwardOne hundred students were surveyed about their preference between dogs and cats. The following two-way table displays data for the sample of students who responded to the survey. Preference Male Female TOTAL Prefers dogs \[36\] \[20\] \[56\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] problem 1 Find the probability that a randomly selected student prefers dogs.Enter your answer as a fraction or decimal. \[P\left(\text{prefers dogs}\right)=\] Incorrect Check Hide explanation Preference Male Female TOTAL Prefers dogs \[\blueD{36}\] \[\blueD{20}\] \[\blueE{56}\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] There were \[\blueE{56}\] students in the sample who preferred dogs out of \[100\] total students.arrow_forwardBusiness discussarrow_forward
- You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…arrow_forwardDoes there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots. Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Value of correlation coefficient: Direction of the relationship (positive, negative, or zero relationship): Strength of the relationship (strong/moderate/weak): Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…arrow_forwardIn this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forward
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