EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
7th Edition
ISBN: 9780134462783
Author: STEPHAN
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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45. Table 1.2 shows the mean annual compensation of construction workers. bab Abor Cesaione TABLE 1.2 Construction Workers' Average Annual Compensation Annual Total Compensation (dollars) Year 1999 42,598 2000 44,764 2001 47,822 2002 48,966 Source: U.S. Bureau of the Census, Statistical Abstract of the United States, 2004-2005. (a) Find the linear regression equation for the data. (b) Find the slope of the regression line. What does the slope represent? (c) Superimpose the graph of the linear regression equation on a scatter plot of the data. (d) Use the regression equation to predict the construction workers' average annual compensation in the year 2008. Tabl
A researcher wants to investigate the influence of the average no. of nights spent per year by the tourists from Japan on the average amount spent by them. Table 3 shows the related data obtained from the Department of Statistics Malaysia website. Table 4 shows a portion of Microsoft Excel output for the regression analysis performed based on the data in Table 3.   Table 3: Data on the nights spent by tourists from Japan and amount spent Year Average no. of nights spent  Average amount spent (in RM billion) 2010 5.9 1.1 2011 6.1 1.1 2012 6.1 1.4 2013 6.3 1.5 2014 6.4 1.8 2015 6.1 1.6 2016 6.2 1.3 2017 6.3 1.2 2018 6.6 1.7 2019 6.9 2.3    Table 4: Regression analysis   Coefficients Standard Error t Stat P-value Intercept B0 1.4555 -3.7583 0.0056 Average no. of nights spent  B1 0.2312 4.7934 0.0014   a. Note that the value of B0 and B1 are missing from Table 4.…
3. (a). Differentiate the different types of linear regression and describe the use of regression in geographical study.  (b). Calculate the value of the slope, b, for observations of n = 22,  r2 = 0.73, standard deviation of x = 2.3 and the regression sum of square = 1324.
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