EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
8th Edition
ISBN: 9780135179833
Author: STEPHAN
Publisher: VST
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a. Round off in 4 decimal places. With complete solution and box the final answer.
The following equation is the result of performing a multiple regression analysis: Job performance = 10 + (5*job knowledge) + (0.7* conscientiousness), where job knowledge is measured on a scale of 0-5 and conscientiousness is measured on a scale of 0 to 100. Which of the following conclusions is correct? !! O If a person scored 5 on job knowledge and 100 on conscientiousness he or she would have the maximum predictive score possible If a person scored 0 on both job knowledge and conscientiousness, his or her predictive score is 0 ONeither job knowledge nor conscientiousness predicts performance O Conscientiousness is less important than job knowledge. Question 3! For a measuring tool to be usefulitmus be
10. Terry's best friend, Heather, is the owner of Heather's Hondas. Like Terry, Heather sells used cars, and she too would like to try to predict the price of a used car based on the number of miles the car was driven by previous owners. When Heather creates a scatterplot, she notices a linear relationship between these two variables, and she obtains the following regression equation. Predicted price = 18855.05 – 0.101(miles) Heather also finds that r-squared is equal to 46.9%. This means the correlation (or r) between price and miles for Heather's sample of cars must be equal to what value?
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Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY