STAT TECH IN BUSINESS & ECON LL\AC
18th Edition
ISBN: 9781264720545
Author: Lind
Publisher: MCG
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Chapter 13, Problem 56CE
(a)
To determine
To calculate: The
(b)
To determine
A regression equation to show how profitability depends on the growth and state whether the slope is negative or not with reason.
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Exercise 6-6 (Algo) (LO6-3)
The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience.
Admissions
Probability
1,100
0.5
1,400
0.4
1,300
0.1
Click here for the Excel Data File
Required:
What is the expected number of admissions for the fall semester?
Compute the variance and the standard deviation of the number of admissions.
Note: Round your standard deviation to 2 decimal places.
1. Find the mean of the x-values (x-bar)
and the mean of the y-values (y-bar) and write/label each here:
2. Label the second row in the table using proper notation; then, complete the table. In the fifth and sixth
columns, show the 'products' of what you're multiplying, as well as the answers.
X
y
x minus x-bar y minus y-bar (x minus x-bar)(y minus y-bar)
(x minus x-bar)^2
xy
16
20
34
4-2
5 2
3. Write the sums that represents Sxx and Sxy in the table, at the bottom of their respective columns.
4. Find the slope of the Regression line: bi
=
(simplify your answer)
5. Find the y-intercept of the Regression line, and then write the equation of the Regression line.
Show your work. Then, BOX your final answer. Express your line as "y-hat equals...
Apply STATA commands & submit the output for each question only when
indicated below
i.
Generate the log of birthweight and family income of children. Name
these new variables Ibwght & Ifaminc. Include the output of this
code.
ii. Apply the command sum with the detail option to the variable
faminc. Note: you should find the 25th percentile value, the 50th
percentile and the 75th percentile value of faminc from the output -
you will need it to answer the next question Include the output of this
code.
iii.
iv.
Use the output from part ii of this question to Generate a variable
called "high_faminc" that takes a value 1 if faminc is less than or
equal to the 25th percentile, it takes the value 2 if faminc is greater
than 25th percentile but less than or equal to the 50th percentile, it
takes the value 3 if faminc is greater than 50th percentile but less than
or equal to the 75th percentile, it takes the value 4 if faminc is greater
than the 75th percentile. Include the outcome of this code…
Chapter 13 Solutions
STAT TECH IN BUSINESS & ECON LL\AC
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 - Prob. 41CECh. 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. 54CECh. 13 - A regression analysis relating the current market...Ch. 13 - Prob. 56CECh. 13 - Prob. 57CECh. 13 - Prob. 58CECh. 13 - Prob. 59CECh. 13 - Prob. 60CECh. 13 - TravelAir.com samples domestic airline flights to...Ch. 13 - The North Valley Real Estate data reports...Ch. 13 - Prob. 64DA
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- Write STATA codes which will generate the outcomes in the questions & submit the output for each question only when indicated below i. ii. iii. iv. V. Write a code which will allow STATA to go to your favorite folder to access your files. Load the birthweight1.dta dataset from your favorite folder and save it under a different filename to protect data integrity. Call the new dataset babywt.dta (make sure to use the replace option). Verify that it contains 2,998 observations and 8 variables. Include the output of this code. Are there missing observations for variable(s) for the variables called bwght, faminc, cigs? How would you know? (You may use more than one code to show your answer(s)) Include the output of your code (s). Write the definitions of these variables: bwght, faminc, male, white, motheduc,cigs; which of these variables are categorical? [Hint: use the labels of the variables & the browse command] Who is this dataset about? Who can use this dataset to answer what kind of…arrow_forwardApply STATA commands & submit the output for each question only when indicated below İ. ii. iii. iv. V. Apply the command summarize on variables bwght and faminc. What is the average birthweight of babies and family income of the respondents? Include the output of this code. Apply the tab command on the variable called male. How many of the babies and what share of babies are male? Include the output of this code. Find the summary statistics (i.e. use the sum command) of the variables bwght and faminc if the babies are white. Include the output of this code. Find the summary statistics (i.e. use the sum command) of the variables bwght and faminc if the babies are male but not white. Include the output of this code. Using your answers to previous subparts of this question: What is the difference between the average birthweight of a baby who is male and a baby who is male but not white? What can you say anything about the difference in family income of the babies that are male and male…arrow_forwardA public health researcher is studying the impacts of nudge marketing techniques on shoppers vegetablesarrow_forward
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