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
Concept explainers
Question
Chapter 13, Problem 30E
To determine
Obtain an ANOVA table for the
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
On the first statistics exam, the coefficient of determination between the hours studied and the grade earned was 90%. The standard error of estimate was 14. There were 18 students in the class. Develop an ANOVA table for the regression analysis of hours studied as a predictor of the grade earned on the first statistics exam. (Round your answers to 2 places.)
on the first statistics exam, the coefficient of determination between the hours studied and the grade earned was 80%. the standard error of the estimate was 15. there were 20 students in the class. develop ANOVA table for the regression analysis of hours studied as a predictor of the grade earned on the first statistics exam.
If the coefficient of determination is 0.233, what percentage of the data about the regression line is explained?
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_forwardMany high school students take either the SAT or the ACT. However, some students take both. Data were collected from 100 students who took both college entrance exams. The average SAT score was 920 with a standard deviation of 170. The average ACT score was 20 with a standard deviation of 5. The correlation coefficient r between these two variables equals 0.82. To predict the SAT score from a student’s ACT score, what is the equation of the least-squares regression line? Please show your work.arrow_forwardWhat is the difference between the correlation coeffecient and the regression line in a scatterplot?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_forwardYou want to look at an ANOVA table of a regression in which a dependent variable is predicted using an intercept and one slope coefficient. Unfortunately, as you want to look at the table, you knock over your coffee mug which smudges out some of the numbers. Here is what you still can read: • n=7 • F-ratio = 15 • Residual sum of squares (RSS) = 16 • t-score of the slope coefficient = 3.873 How big is the explained sum of squares (ESS)? a 44 b 52 c 48 d 40 How big is the total sum of squares (TSS)? a 64 b 52 c 60 d 56 How big is the explained R-squared? a 0.7 b 0.75 c 0.8 d Cannot be determined What's the p-value for the F-ratio? a 0.012 b 0.024 c 0.036 d…arrow_forwardConsider a certain data set on shoulder girth and height of a group of individuals. The mean shoulder girth is 107.20 cm with a standard deviation of 10.37 cm. The mean height is 171.14 cm with a standard deviation of 9.41 cm. The correlation between height and shoulder girth is 0.67. Write the equation of the regression line for predicting height.arrow_forward
- A real estate agent wanted to find the relationship between sale price of houses and the size of the house. Shecollected data on two variables recorded in the following table for 15 houses in Seattle. The two variables are PRICE= Sale price of houses in thousands of dollarsSIZE= Area of the entire house in square feet. The Excel working has been given. Note: the left hand side is Regression run.. The right hand side is 'new' regression run (for ans d). Question a) Using MICROSOFT EXCEL- run the above regression and copy the output into your assignment word documentfrom which you can write down the least square regression line. Write down the least square regression linefrom that specific output. b) Interpret the slope and constant term with proper UNITS assigned. c) Comment on the explanatory power of the regression model from the required output. Copy that specificoutput into your assignment word document.Now to increase the explanatory power of the model the real estate agent decides…arrow_forwardThe mean height of American women in their twenties is about 64.3 inches, and the standard deviation is about 2.7 inches. The mean height of men the same age is about 69.9 inches, with standard deviation about 3.1 inches. Suppose that the correlation between the heights of husbands and wives is about r=0.5. What are the slope and intercept of the regression line of the husband’s height on the wife’s height in young couples? Interpret the slope in the context of the problem. Draw a graph of this regression line for heights of wives between 56 and 72 inches. Predict the height of the husband of a woman who is 67 inches tall and plot the wife’s height and predicted husband’s height on your graph. You don’t expect this prediction for a single couple to be very accurate. Why notarrow_forwardExplain the process to Compute predicted scores from a regression equation?arrow_forward
- The new manager of an Information Technology company collected data for a sample of 20 computer programmers in the organization to perform a multiple regression analysis on the structure of their salaries. The aim of this manager in this exercise is to determine if the Salary (y) of a hired computer programmer was related to the years of Experience (??) in the organization and also the Score (??) of the programmers during their first interview aptitude test scores. The years of experience, score on the aptitude test and the corresponding annual salary (in thousands of Ghana cedis) for a sample of the 20 programmers is shown in the Regression statistics table below; Experience (??) (in years) Score (??) (out of 100%) Salary (y) (GH¢ 000) 4 78 24 7 100 43 1 86 23.7 5 82 34.3 8 86 35.8 10 84 38 0 75 22.2 1 80 23.1 6 83 30 6 91 33 9 88 38 2 73 26.6 10 75 36.2 5 81 31.6…arrow_forwardThe new manager of an Information Technology company collected data for a sample of 20 computer programmers in the organization to perform a multiple regression analysis on the structure of their salaries. The aim of this manager in this exercise is to determine if the Salary (y) of a hired computer programmer was related to the years of Experience (??) in the organization and also the Score (??) of the programmers during their first interview aptitude test scores. The years of experience, score on the aptitude test and the corresponding annual salary (in thousands of Ghana cedis) for a sample of the 20 programmers is shown in the Regression statistics table below; Experience (??) (in years) Score (??) (out of 100%) Salary (y) (GH¢ 000) 4 78 24 7 100 43 1 86 23.7 5 82 34.3 8 86 35.8 10 84 38 0 75 22.2 1 80 23.1 6 83 30 6 91 33 9 88 38 2 73 26.6 10 75 36.2 5 81 31.6…arrow_forwardThe 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.)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
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
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
The Shape of Data: Distributions: Crash Course Statistics #7; Author: CrashCourse;https://www.youtube.com/watch?v=bPFNxD3Yg6U;License: Standard YouTube License, CC-BY
Shape, Center, and Spread - Module 20.2 (Part 1); Author: Mrmathblog;https://www.youtube.com/watch?v=COaid7O_Gag;License: Standard YouTube License, CC-BY
Shape, Center and Spread; Author: Emily Murdock;https://www.youtube.com/watch?v=_YyW0DSCzpM;License: Standard Youtube License