Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 13, Problem 22E
To determine
Check whether the slope of the regression line is less than zero at the level of significance
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The coefficient of determination of a set of data points is 0.784 and the slope of the regression line is -4.79. Determine the linear
correlation coefficient of the data.
What is the linear correlation coefficient?
r= (Round to three decimal places as needed.)
Find the correlation coefficient given the estimated regression equation = 25+6x and ² = .8754.
Four pairs of data yield r= 0.942 and regression equation y=3x.Also, y= 12.75. What is the best predicted value of y for x= 2.9?
Chapter 13 Solutions
Statistical Techniques in Business and Economics
Ch. 13 - Prob. 1SRCh. 13 - Prob. 1ECh. 13 - Prob. 2ECh. 13 - Bi-lo Appliance Super-Store has outlets in several...Ch. 13 - Prob. 4ECh. 13 - Prob. 5ECh. 13 - The owner of Maumee Ford-Volvo wants to study the...Ch. 13 - Prob. 2SRCh. 13 - Prob. 7ECh. 13 - Prob. 8E
Ch. 13 - Prob. 9ECh. 13 - Prob. 10ECh. 13 - Prob. 11ECh. 13 - Prob. 12ECh. 13 - Prob. 3SRCh. 13 - Prob. 13ECh. 13 - Prob. 14ECh. 13 - Prob. 15ECh. 13 - Prob. 16ECh. 13 - Prob. 17ECh. 13 - Prob. 18ECh. 13 - Prob. 19ECh. 13 - Prob. 20ECh. 13 - Prob. 4SRCh. 13 - Prob. 21ECh. 13 - Prob. 22ECh. 13 - Prob. 23ECh. 13 - Prob. 24ECh. 13 - Prob. 5SRCh. 13 - Prob. 25ECh. 13 - Prob. 26ECh. 13 - Prob. 27ECh. 13 - Prob. 28ECh. 13 - Prob. 29ECh. 13 - Prob. 30ECh. 13 - Prob. 6SRCh. 13 - Prob. 31ECh. 13 - Prob. 32ECh. 13 - Prob. 33ECh. 13 - Refer to Exercise 16. a. Determine the .95...Ch. 13 - Prob. 35ECh. 13 - A regional commuter airline selected a random...Ch. 13 - Prob. 38CECh. 13 - Prob. 39CECh. 13 - Prob. 40CECh. 13 - The table below shows the number of cars (in...Ch. 13 - Prob. 42CECh. 13 - Prob. 43CECh. 13 - Prob. 44CECh. 13 - The manufacturer of Cardio Glide exercise...Ch. 13 - Prob. 46CECh. 13 - Prob. 47CECh. 13 - Prob. 48CECh. 13 - Prob. 49CECh. 13 - Mr. William Profit is studying companies going...Ch. 13 - Prob. 51CECh. 13 - Prob. 52CECh. 13 - Prob. 53CECh. 13 - Prob. 54CECh. 13 - A regression analysis relating the current market...Ch. 13 - Prob. 56CECh. 13 - Prob. 57CECh. 13 - A consumer buying cooperative tested the effective...Ch. 13 - Prob. 59CECh. 13 - Prob. 60CECh. 13 - TravelAir.com samples domestic airline flights to...Ch. 13 - Prob. 62DECh. 13 - Refer to the Baseball 2012 data, which reports...Ch. 13 - Prob. 64DE
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
- For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or older who are college graduates in a particular city, by year. Based on the set of data given in Table 5, calculate the regression line using a calculator or other technology tool, and determine the correlation coefficient. Round to three decimal places of accuracyarrow_forwardThe regression equation is Ý = 29.29 – 0.84X, the sample size is 23, and the standard error of the slope is 0.22. What is the critical value to test whether the slope is different from zero at the 0.01 significance level? Multiple Choice z = +1.700 t= +2.831 t= +2.479 z= +1.450arrow_forwardCou run a regression analysis on a bivariate set of data (n = obtain the regression equation 39). With 24.8 and = 43.4, you y = 2.058z - 27.113 with a correlation coefficient of r = 0.251. You want to predict what value (on average) for the response variable will be obtained from a value of 180 as the explanatory variable. What is the predicted response value? y = 343.3 (Report answer accurate to one decimal place.)arrow_forward
- Two variables have the regression lines 3x + 2y = 26 and 6x + y = 31. Find the mean values, the correlation coefficient between x and y and the ratio of variances of the variables.arrow_forwardTAMU admissions board believes the score you get on the SAT in high school can help predict your college GPA. Below is a regression model using the SAT scores and GPA for 83 college graduates. Calculate a 70% Confidence Interval for the slope of the regression line. Use 4 decimal places.(Note: The SAT scores have been divided by 100 just to make the numbers nicer) Simple linear regression results:Dependent Variable: GPAIndependent Variable: SAT/100GPA = 1.318967 + 0.174653 [SAT/100]Sample size: 83R (correlation coefficient) = 0.1487R-sq = 0.0221Estimate of error standard deviation: 0.118302Parameter estimates: Parameter Estimate Std. Err. DF T-Stat P-Value Intercept 1.318967 0.3631 81 3.633 0.00049 Slope 0.174653 0.129086 81 1.353 0.1798 Use 4 decimal placesarrow_forwardThe regression equation is computed for a set of n = 18 pairs of X and Y values with a correlation of r = 0.50 and SSy = 48. Find the standard error of estimate for the regression equation. The standard error of estimate = How big would the standard error be if the sample size were n = 66? The standard error of estimate =arrow_forward
- In a recent college statistics class, data was collected on each student's height and their shoe size. The first three tables of the regression output are below the conclusions. Please agree or disagree with the conclusions and, of course, state your statistical reasoning 1. There is sufficient evidence to believe that a statistically significant relationship exists between a student's height and his/her shoe size. 2. About 80% of the variation in shoe size is determined by the variation in height 3. For each change in height of 0.3598 inches, the student’s shoe size changes by 1.arrow_forwardThere exists a moderate relationship between the variables x and y.if we draw samples of increasing sample size,what can we expect from the sample r value,the regression slope and the p value of the regression or correlation be affected by increasing sample sizearrow_forwardA set of n = 25 pairs of X and Y values has a correlation of r = -0.50 with SSX = 38 and SSY = 14. Find the standard error of estimate for the regression equation. What percentage of the variance in Y is accounted for by X?arrow_forward
- A car lot wants to predict the # of car accessories they need to sell monthly based on the number of cars sold. The car lot owner randomly selects 12 months of data. The simple linear regression equation is ý = 14 - 2x. The coefficient of determination is 0.6364. What is the correlation coefficient to describe the relationship between these two variables? Multiple Choicearrow_forwardOne set of 10 pairs of scores, X and Y values produces a correlation of r= 0.40. If SSy = 200, find the standard of error of estimate for the regression line. You will need to calculate the SS residual first.arrow_forwardA linear relationship exists between two variables x and y. The correlation coefficient was calculated for the sample data and is equal to -0.93. Using the estimated regression equation, a straight line that will best fit the data points can be drawn through the points on the scattergram.The line slopes downward from left to right and the points are scattered close to the line. True or falsearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License