EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
7th Edition
ISBN: 9780134462783
Author: STEPHAN
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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(4) Does how wide a possum's belly is (in cm) tell you how long a possum's tail is (in cm)? That's what re- searchers in Australia wanted to know. They built a simple linear regression model treating X as the possum's belly girth and Y as the possum's tail length. Below and at the top of the next page are all the results you will need to answer the ensuing questions, including: ● The straight line of best fit: ŷ = 30.2 + .21x • The correlation between the observed y and predicted ŷ: ry,ŷ .294 • At the top of the next page are three residual plots: (a) the plot of belly girth vs. the residuals, (b) the plot of the residuals in order of collection, (c) the histogram of the residuals = These are real data (source) consisting of measurements on each of 104 mountain brushtail possums, trapped at seven sites from Southern Victoria to central Queensland, Australia.
1. Develop a simple linear regression equation for starting salaries using an independent variable that has the closest relationship with the salaries. Explain how you chose this variable.
The U.S. Postal Service is attempting to reduce the number of complaints made by the public against its workers. To facilitate this task, a staff analyst for the service regresses the number of complaints lodged against an employee last year on the hourly wage of the employee for the year.  The analyst ran a simple linear regression in SPSS.  The results are shown below.   The current minimum wage is $5.15. If an employee earns the minimum wage, how many complaints can that employee expect to receive? Is the regression coefficient statistically significant? How can you tell?
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