
EP BASIC BUS.STATS-ACCESS (18 WEEKS)
14th Edition
ISBN: 9780135989005
Author: BERENSON
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 13, Problem 19PS
In Problem 13.7 on page 494, you used the plate gap on the bag-sealing equipment to predict the tear rating of bag of coffee (stored in Starbucks). Using the results of that problem,
a. determine the coefficient of determination,
b. determine the standard error of the estimates
c. How useful do you think this regression model is for predicting the tear rating based on the plate gap in the bag-sealing equipment?
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A pollster randomly selected four of 10 available people.
Required:
How many different groups of 4 are possible?
What is the probability that a person is a member of a group?
Note: Round your answer to 3 decimal places.
Wind Mountain is an archaeological study area located in southwestern New Mexico. Potsherds are broken pieces of prehistoric Native American clay vessels. One type of painted ceramic vessel is called Mimbres classic black-on-white. At three different sites the number of such sherds was counted in local dwelling excavations. Test given.
Site I
Site II
Site III
63
19
60
43
34
21
23
49
51
48
11
15
16
46
26
20
31
Find .
Rothamsted Experimental Station (England) has studied wheat production since 1852. Each year many small plots of equal size but different soil/fertilizer conditions are planted with wheat. At the end of the growing season, the yield (in pounds) of the wheat on the plot is measured. Suppose for a random sample of years, one plot gave the following annual wheat production (in pounds):
4.46
4.21
4.40
4.81
2.81
2.90
4.93
3.54
4.16
4.48
3.26
4.74
4.97
4.02
4.91
2.59
Use a calculator to verify that the sample variance for this plot is . Another random sample of years for a second plot gave the following annual wheat production (in pounds):
3.89
3.81
3.95
4.07
4.01
3.73
4.02
3.78
3.72
3.96
3.62
3.76
4.02
3.73
3.94
4.03
Use a calculator to verify that the sample variance for this plot is . Suppose that we test the claim using that the population variance of annual wheat production for the first plot is larger…
Chapter 13 Solutions
EP BASIC BUS.STATS-ACCESS (18 WEEKS)
Ch. 13 - Prob. 1PSCh. 13 - If the values of X in Problem 13.1 from 2 to 25,...Ch. 13 - Fitting a straight line to a set data yields the...Ch. 13 - The production of wine is a multibillion-dollar...Ch. 13 - Zagat’s publisher restaurant rating for various...Ch. 13 - Is an MBA a golden ticket? Pursuing an MBA is a...Ch. 13 - Starbucks Coffee Co. uses a data-based approach to...Ch. 13 - The value of a sports franchise is directly...Ch. 13 - An agent for a residential real estate company in...Ch. 13 - A box office analyst seeks to predict opening...
Ch. 13 - How do you interpret a coefficient by of...Ch. 13 - If SSR= 36 and SSE=4, determine SST and then...Ch. 13 - If SSR=66 and SST=88, Compute the coefficient of...Ch. 13 - If SSE= 10 and SSR=30, compute the coefficient of...Ch. 13 - If SSR=120, Why is it impossible for SST to equal...Ch. 13 - In problem 13.4 on page 493, the percentage of...Ch. 13 - In problem 13.5 on page 493, you used the summated...Ch. 13 - In Problem 13.6 on page 494, a prospective MBA...Ch. 13 - In Problem 13.7 on page 494, you used the plate...Ch. 13 - In problem 13.8 on page 494, you used annual...Ch. 13 - In problem 13.9 on page 494, an agent for a real...Ch. 13 - In problem 13.10 on page 494, you used You tube...Ch. 13 - The following results provide the X Values,...Ch. 13 - The following results show the X Values,...Ch. 13 - In problem 13.5 on page 493, you used the summated...Ch. 13 - In problem 13.4 on page 493, you used the...Ch. 13 - In problem 13.7 on page 494, you used the plate...Ch. 13 - In problem 13.6 on page 494, a prospective MBA...Ch. 13 - In problem 13.9 on page 494, an agent for a real...Ch. 13 - Prob. 30PSCh. 13 - Prob. 31PSCh. 13 - The residuals for 10 consecutive time periods are...Ch. 13 - The residuals for 15 consecutive time periods are...Ch. 13 - In Problem 13.7 on page 494 concerning the...Ch. 13 - What is the relationship between the price of...Ch. 13 - Prob. 36PSCh. 13 - A freshly brewed shot of espresso has three...Ch. 13 - The owners of a chain of ice cream stores have the...Ch. 13 - You are testing the null hypothesis that there is...Ch. 13 - Prob. 40PSCh. 13 - Prob. 41PSCh. 13 - In problem 13.4 on page 493, you used the...Ch. 13 - Prob. 43PSCh. 13 - In problem 13.6 on page 494, a prospective MBA...Ch. 13 - In Problem 13.7 on page 494, you used the plate...Ch. 13 - Prob. 46PSCh. 13 - In Problem 13.9 on page 494, an agent for a real...Ch. 13 - In Problem 13.10 on page 494, you used you used...Ch. 13 - The volatility of a stock is often measured by its...Ch. 13 - Prob. 50PSCh. 13 - Prob. 51PSCh. 13 - Movie companies need to predict the gross receipts...Ch. 13 - Prob. 53PSCh. 13 - Prob. 54PSCh. 13 - Prob. 55PSCh. 13 - Based on a sample of n=20, the latest-squares...Ch. 13 - Prob. 57PSCh. 13 - In Problem 13.4 on page 493, you used the...Ch. 13 - In Problem 13.7 on page 494, you used the plate...Ch. 13 - In Problem 13.6 on page 494, a prospective MBA...Ch. 13 - Prob. 61PSCh. 13 - Prob. 62PSCh. 13 - In problem 13.10 on page 494, you used YouTube...Ch. 13 - Prob. 64PSCh. 13 - Prob. 65PSCh. 13 - When is the unexplained variation (i.e., error sum...Ch. 13 - Prob. 67PSCh. 13 - Prob. 68PSCh. 13 - Prob. 69PSCh. 13 - How do you evaluate the assumptions of regression...Ch. 13 - When and how do you use the Durbin-Watson...Ch. 13 - Prob. 72PSCh. 13 - Can you use movie critics’ opinions to forecast...Ch. 13 - Management of a soft-drink botting company has the...Ch. 13 - Measuring the height of a California redwood tree...Ch. 13 - You want to develop a model to predict the asking...Ch. 13 - You want to develop a model to predict the taxes...Ch. 13 - An analyst has the objective of predicting the...Ch. 13 - An accountant for a large department store has the...Ch. 13 - On January 28, 1986, the space shuttle Challenger...Ch. 13 - A baseball analyst would like to study various...Ch. 13 - Can you use the annual revenues generated by...Ch. 13 - In Problem 13.82 you used annual revenue to...Ch. 13 - During the fall harvest season in the United...Ch. 13 - Refer to the discussion of beta values and market...Ch. 13 - The file CEO 2016 includes the total compensation...Ch. 13 - In Problem 13.8, 13.20, 13.30, 13.46, 13.62,...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- It is thought that prehistoric Native Americans did not take their best tools, pottery, and household items when they visited higher elevations for their summer camps. It is hypothesized that archaeological sites tend to lose their cultural identity and specific cultural affiliation as the elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological site in the southwestern United States. Let y be the percentage of unidentified artifacts (no specific cultural affiliation) at a given elevation. Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: x 5.50 6.00 6.75 7.00 7.75 y 37 38 92 70 99 Find the equation of the least squares line . Round a and b to three decimal places.arrow_forwardA fitness trainer wants to estimate the effect of fitness activities on muscle mass for different weight categories of club members. They choose the most popular fitness classes at the gym: yoga, circuit training, and high-intensity interval training (HIIT). Suppose that the weights of club members are separated into three levels: under 155 pounds, 155 – 200 pounds, and over 200 pounds. Draw a flow chart showing the design of this experiment.arrow_forwardThe systolic blood pressure of individuals is thought to be related to both age and weight. Let the systolic blood pressure, age, and weight be represented by the variables x1, x2, and x3, respectively. Suppose that Minitab was used to generate the following descriptive statistics, correlations, and regression analysis for a random sample of 15 individuals. Descriptive Statistics Variable N Mean Median TrMean StDev SE Mean x 1 15 154.14 154.34 154.14 3.842 0.992000 x 2 15 59.69 60.19 59.69 1.462 0.377487 x 3 15 205.55 204.75 205.55 4.558 1.176871 Variable Minimum Maximum Q1 Q3 x 1 125 178 141.803 167.244 x 2 41 80 47.754 78.415 x 3 126 240 140.395 224.008 Correlations (Pearson) x 1 x 2 x 2 0.892 x 3 0.839 0.567 Regression Analysis The regression equation is x 1 = 0.883 + 1.257x2 + 0.871x3 Predictor Coef StDev T P Constant 0.883 0.635 1.39 0.095 x 2 1.257 0.635 1.98 0.036 x 3 0.871 0.419 2.08 0.030 S = 0.428 R-sq = 92.7 %…arrow_forward
- According to health professionals, a person’s weight is expected to increase with age. To examine that statement, a nutritionist collected data from 11 random females from different age categories between the ages of 21 and 43. In the following table, x is the age of a person and y is the weight in pounds. x, age 21 24 27 29 31 33 35 38 40 42 43 y, weight in lb 121.4 122.3 130.3 131.7 133.3 134.6 136.7 138.4 140.3 142.0 145.1 Select the correct graph of the least-squares line on a scatter diagram.arrow_forwardLet x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information. x 82 69 73 84 74 64 y 42 48 46 46 46 42 Verify that ∑x =446, ∑y =270, ∑x2 =33,442, ∑y2 =12,180, ∑xy =20,070, and r = 0, and find the critical value for a test using a 5% level of significance claiming that ρis not equal than zero. Round your answer to three decimal places.arrow_forwardLet x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information. x 75 72 75 81 74 81 y 46 39 42 47 49 50 Verify that Se ࣈ 3.591,a ࣈ –10.145, bࣈ0.729, and , and find the predicted percentage of successful field goals for a player with x= 88%successful free throws. Round your answer to the nearest tenth of a percentarrow_forward
- An editor wants to analyze if there is a significant difference in the ratings of books in four different genres. Random samples of book ratings were collected for four different genres. The editor recorded ratings in a 0 to 10 scale in the following table. Fiction Novel Biography Science&Technology 8.5 8.4 6.2 9.1 5.3 5.3 5.5 4.3 7.7 4.2 7.0 9.7 5.1 9.8 9.3 5.2 6.9 8.6 6.7 7.9 4.8 7.1 6.9 8.4 Shall we reject or not reject the claim that there are no differences among the population means of book ratings for the different genres? Use.arrow_forwardPeggy conducted a study to identify the randomness of rainy days in fall. For 15 days, she recorded whether it rained that day or not. They denoted a rainy day with the letter R, a day without rain with the letter N. R N N R R N N R R N N R R R R Test the sequence for randomness. Use .arrow_forwardConsider the grades for the math and history exams for 10 students on a scale from 0 to 12 in the following table. Student Math History 1 4 8 2 5 9 3 7 9 4 12 10 5 10 8 6 8 5 7 9 6 8 9 6 9 11 9 10 7 10 Compute the Spearman correlation coefficient. Round your answer to three decimal places.arrow_forward
- To compare two elementary schools regarding teaching of reading skills, 12 sets of identical twins were used. In each case, one child was selected at random and sent to school A, and his or her twin was sent to school B. Near the end of fifth grade, an achievement test was given to each child. The results follow: Twin Pair 1 2 3 4 5 6 School A 169 157 115 99 119 113 School B 123 157 112 99 121 122 Twin Pair 7 8 9 10 11 12 School A 120 121 124 145 138 117 School B 153 90 124 140 142 102 Suppose a sign test for matched pairs with a 1% level of significance is used to test the hypothesis that the schools have the same effectiveness in teaching reading skills against the alternate hypothesis that the schools have different levels of effectiveness in teaching reading skills. Let p denote portion of positive signs when the scores of school B are subtracted from the corresponding scores of school…arrow_forwardA horse trainer teaches horses to jump by using two methods of instruction. Horses being taught by method A have a lead horse that accompanies each jump. Horses being taught by method B have no lead horse. The table shows the number of training sessions required before each horse performed the jumps properly. Method A 25 23 39 29 37 20 Method B 41 21 46 42 24 44 Method A 45 35 27 31 34 49 Method B 26 43 47 32 40 Use a rank-sum test with a5% level of significance to test the claim that there is no difference between the training sessions distributions. If the value of the sample test statistic R, the rank-sum, is 150, calculate the P-value. Round your answer to four decimal places.arrow_forwardA data processing company has a training program for new salespeople. After completing the training program, each trainee is ranked by his or her instructor. After a year of sales, the same class of trainees is again ranked by a company supervisor according to net value of the contracts they have acquired for the company. The results for a random sample of 11 salespeople trained in the last year follow, where x is rank in training class and y is rank in sales after 1 year. Lower ranks mean higher standing in class and higher net sales. Person 1 2 3 4 5 6 x rank 8 11 2 4 5 3 y rank 7 10 1 3 2 4 Person 7 8 9 10 11 x rank 7 9 10 1 6 y rank 8 11 9 6 5 Using a 1% level of significance, test the claim that the relation between x and y is monotone (either increasing or decreasing). Verify that the Spearman rank correlation coefficient . This implies that the P-value lies between 0.002 and 0.01. State…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning

Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage

Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill

Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning
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