Chapter 13, Problem 13.58CRP

A magazine publishes restaurant ratings for various locations around the world. The magazine rates the restaurants for​ food, de​cor, service, and the cost per person. Develop a regression model to predict the cost per​ person, based on a variable that represents the sum of the three ratings. The magazine has compiled the accompanying table of this summated ratings variable and the cost per person for 25 restaurants in a major city. Predict the mean cost per person for a restaurant with a summated rating of 70.

The maintenance manager at a trucking company wants to build a regression model to forecast the time (in years) until the first engine overhaul based on four predictor variables: (1) annual miles driven (in 1,000s of miles), (2) average load weight (in tons), (3) average driving speed (in mph), and (4) oil change interval (in 1,000s of miles). Based on driver logs and onboard computers, data have been obtained for a sample of 25 trucks. A portion of the data is shown in the accompanying table. Time Miles Load Speed Oil 7.7 42.9 22.0 44.0 16.0 0.8 98.3 20.0 47.0 34.0 6.3 61.1 22.0 62.0 15.0 E Click here for the Excel Data File b. Estimate the regression model. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Time = Miles Load Speed oil + + d. What is the predicted time before the first engine overhaul for a particular truck driven 60,000 miles per year with an average load of 25 tons, an average driving speed of 53 mph, and 21,000 miles…

Apple CAPM Data file posted on has data about the monthly return on Apple Inc. from 1981 to 2005 (300 months) as well as the monthly return on the whole stock market (measured by a value-weight stock market index) and the monthly return on 30-day Treasury Bills. Use this file to answer the following questions: Show all your work, Use Excel. A) Run a regression of the excess return on Apple Inc. on the excess return on the whole marketand write down your estimated equation. B) What is Beta for Apple Inc.? Is it significant C) What is Alpha for Apple Inc.? Is it significant

The largest commercial fishing enterprise in the southeastern United States is the harvest of shrimp. In a study, researchers monitored variables thought to be related to the abundance of white shrimp. One variable the researchers thought might be related to abundance is the amount of oxygen in the water. The relationship between mean catch per tow of white shrimp and oxygen concentration was described by fitting a regression line using data from ten randomly selected offshore sites. (The "catch" per tow is the number of shrimp caught in a single outing.) Computer output is shown below. The regression equation is Mean catch per tow = -5855 + 97.4 O2 Saturation Predictor Coef SE Coef T P Constant -5855 2393 -2.45 0.040 O2 Saturation 97.4 34.62 2.81 0.023       c)Construct a 95% confidence interval for ?. (Use a table or technology. Round your answers to three decimal places.)   d)What margin of error is associated with the confidence interval in part (c)? (Round your…

What is the equation for the regression line that predicts home equity using credit score as the explanatory variable?

To monitor and improve its productivity, a company made an investigation and found out that the factor that affects the productivity the most is the absenteeism. The company data analytics department have collected data about the two variables (Productivity and Absenteeism) for the 12 past years as shown in the table below. Now the purpose of the company is to determine, through regression analysis, whether the productivity is statistically affected by the absenteeism level or not. Year Absenteeism Productivity (in number of absent worker) (in Million AED) 1 204 342 2 352 336 3 154 406 4 206 410 5 422 278 6 530 214 7 750 138 8 482 268 9 374 262 10 120 356 11 188 396 12 634 152 Questions: Construct a scatter diagram for the data about productivity and absenteeism then interpret the possible relationship that can be found. Construct a simple regression model to predict the…

A research study was conducted at a local college collecting data on the models (brands) of cars parked in the student parking lot.  This type of data collected would be considered/described as Qualitative Data or Quantitative Data?

The Wall Street Journal asked Concur Technologies, Inc., an expense management company, to examine data from  million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate () and the average amount spent on entertainment () for a random sample of  of the  most-visited U.S. cities. These data lead to the estimated regression equation . For these data . Click on the datafile logo to reference the data. Use Table 1 of Appendix B.   City Room Rate($) Entertainment($) Boston 148 161 Denver 96 105 Nashville 91 101 New Orleans 110 142 Phoenix 90 100 San Diego 102 120 San Francisco 136 167 San Jose 90 140 Tampa 82 98 a. Predict the amount spent on entertainment for a particular city that has a daily room rate of  (to  decimals).  b. Develop a  confidence interval for the mean amount spent on entertainment for all…

The Wall Street Journal asked Concur Technologies, Inc., an expense management company, to examine data from  million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate () and the average amount spent on entertainment () for a random sample of  of the  most-visited U.S. cities. These data lead to the estimated regression equation . For these data . Click on the datafile logo to reference the data. Use Table 1 of Appendix B. full question attached in ss thanks for help aprpeicated aigjrowoirj