EBK BUSINESS STATISTICS
7th Edition
ISBN: 9780134462783
Author: STEPHAN
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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You want to estimate the impact of the death penalty as a deterrent for committing murder. You
have data on the murder rate from all 50 states and Washington DC, as well as the total executions
in the past 3 years. You also have information on the unemployment rate for each state. You
estimate the following model:
mrdrte = Bo + B₁ * exec + ß₂ * unemp+u
where
mrdrte: murder rate
exec: total executations in past 3 years
unemp: unemployment rate
Question 2
Based on the scatterplot below, it appears there is at least one candidate outlier in terms of total
executions, and perhaps one with a very high murder rate as well.
30
40
80
murders per 100,000 people
40
20
09
KY:
10
0
O True
O False
O
20
total executions, past 3 years
Differentiate phenomenological from mechanistic modeling.
Discuss the importance of a model being well documented.
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- A study of a high-pressure inlet fogging method for a gas turbine engine analyzed a complete second-order model for y , heat rate (kilojoules per kilowatt per hour) of a gas turbine as a function of two quantitative variables • x1 , cycle speed (revolutions per minute) • X2 , cycle pressure ratio and a qualitative predictor, engine type, at three levels (traditional, advanced, and aeroderivative). We define two dummy variables 1 if advanced 3o if not if aeroderivative 3o if not X3 = and x4 = Write the model equation for advanced engine type.arrow_forwardI need help with part a, thanksarrow_forwardWhat does February 2020’s actual warehouse club sales value tell us about the strength of this model to extend past the ten years covered in the scatterplot? arrow_forward
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