STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Textbook Question
Chapter 14, Problem 1.7PT
Given the following regression equation, Ŷ = 7 − .5X, and that the coefficient of determination is .81, answer questions 6, 7, and 8.
7. An increase of 1 unit in the independent variable will result in what amount of an increase or decrease in the dependent variable?
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The relationship between income
and expenditure y was estimated by
the following regression equation.
ý = 300 + 0.9.r
If a person has income 3500, what is
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Select one:
a. 3450
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Given the following multiple regression equation : y = 122+ 2 x, +1x2, where Y:Total expenses, Xị: income
and X2 wealth. If a person has an income of $1132 and a wealth of $2563. Then their total expenses
would be :
Select one:
O a. -4705.00
b. 6380.00
OC. 4949.00
O d. 4827.00
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Chapter 14 Solutions
STAT TECH IN BUSINESS & ECON AC
Ch. 14 - There are many restaurants in northeastern South...Ch. 14 - Prob. 1ECh. 14 - Thompson Photo Works purchased several new, highly...Ch. 14 - A consulting group was hired by the Human...Ch. 14 - Cellulon, a manufacturer of home insulation, wants...Ch. 14 - Refer to Self-Review 141 on the subject of...Ch. 14 - Prob. 5ECh. 14 - Prob. 6ECh. 14 - Prob. 3SRCh. 14 - Given the following regression output, answer the...
Ch. 14 - The following regression output was obtained from...Ch. 14 - A study by the American Realtors Association...Ch. 14 - The manager of High Point Sofa and Chair, a large...Ch. 14 - Prob. 10ECh. 14 - Prob. 11ECh. 14 - A real estate developer wishes to study the...Ch. 14 - Prob. 13CECh. 14 - Prob. 14CECh. 14 - Prob. 15CECh. 14 - Prob. 16CECh. 14 - The district manager of Jasons, a large discount...Ch. 14 - Suppose that the sales manager of a large...Ch. 14 - The administrator of a new paralegal program at...Ch. 14 - Prob. 20CECh. 14 - Prob. 21CECh. 14 - A regional planner is studying the demographics of...Ch. 14 - Great Plains Distributors, Inc. sells roofing and...Ch. 14 - Prob. 24CECh. 14 - Prob. 25CECh. 14 - Prob. 26CECh. 14 - Prob. 28CECh. 14 - Prob. 29CECh. 14 - The director of special events for Sun City...Ch. 14 - Prob. 31CECh. 14 - Prob. 32CECh. 14 - Prob. 33DACh. 14 - Prob. 34DACh. 14 - Prob. 35DACh. 14 - Prob. 1PCh. 14 - Quick-print firms in a large downtown business...Ch. 14 - The following ANOVA output is given. a. Compute...Ch. 14 - Prob. 1CCh. 14 - Prob. 2CCh. 14 - Prob. 3CCh. 14 - In a scatter diagram, the dependent variable is...Ch. 14 - What level of measurement is required to compute...Ch. 14 - If there is no correlation between two variables,...Ch. 14 - Which of the following values indicates the...Ch. 14 - Under what conditions will the coefficient of...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Prob. 1.9PTCh. 14 - In a multiple regression equation, what is the...Ch. 14 - Prob. 1.11PTCh. 14 - Prob. 1.12PTCh. 14 - For a dummy variable, such as gender, how many...Ch. 14 - What is the term given to a table that shows all...Ch. 14 - If there is a linear relationship between the...Ch. 14 - Given the following regression analysis output: a....Ch. 14 - Given the following regression analysis output. a....
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- Consider the following regression equation: y = -5.3 + 8.8x.What does 8.8 depict in the regression equation above? a. None of the options. b. The direction of the line. c. The point where x = 0. d. The y-intercept.arrow_forwardThe regression line for a data set showing the monthly utility bill U in a certain city versus the square footage F of the residence is given by U = 0.2F − 100 dollars. What monthly utility bill would be expected for a 2500 square foot home in this city? $arrow_forwardGiven the following multiple regression equation : y = 122+ 2 x1 + 1 x2, where Y:Total expenses, X1: income and X2 wealth . If a person has an income of $1132 and a wealth of $2563. Then their total expenses would be : Select one: Oa. -4705.00 Ob. 6380.00 OC. 4949.00 Od. 4827.00 Next page ACTIVITY NEXT ACTIVITY Jump to...arrow_forward
- A researcher wants to determine if the exam scores of the students are dependent on the length of time spent in studying the subject. Ten students in a certain class were taken and the results are shown in the table below where X is the time spent in studying the subject in hours and Y is the examination scores.Determine the regression equation Y = a + bX. Y = 695.7X + 51.6 Y = –7.67 + 0.12X Y = 69.6X + 52 Y = 69.6 + 5.2Xarrow_forwardWe would like to study the relationship between the number of family members in a household a and number of meals they eat together y. A regression equation based on a sample from the study is shown below. ŷ = = 1.47 – 0.08x Estimate the number of meals shared by a family with 6 members. Select one: O a. 3 O b. 0 O c. 1 O d. 2arrow_forwardThe following table gives the average August temperature (y) and geographic latitude (x) for 20 cities in the United States. The following formula is the regression equation relating these two variables. y=113.6-1.01x (a) The latitude at the equator is 0. Using the regression equation, estimate the average August temperature at the equator.arrow_forward
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