STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 14, Problem 25CE
a.
To determine
Find the regression equation.
b.
To determine
Find the value of
Also explain about the
c.
To determine
Perform a global test to find whether any of the independent variables are different from 0.
d.
To determine
Perform an individual test to determine whether any of the independent variables can be dropped.
e.
To determine
Find the regression equation using the significant independent variables.
Find the amount of money does a man earn per month than a woman.
Explain whether there is any difference
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A textile worker in the city of Houstan earns $ 3,500 per month. The cost of living index for a particular
month is given as 136. Using the following information, find out the amount of money he spent on
house rent and clothing:
Group Index
1,400
Group
Expenditure
Food
180
Clothing
150
100
Housing Rent
Fuel and lighting
560
110
Miscellaneous
630
80
The age of a patient at the time of diagnosis of colon cancer was tracked—50 males and 50 females. The ages are: M: 91 87 87 85 83 81 80 79 78 77 75 75 74 73 72 72 71 71 70 69 69 68 66 66 65 63 63 63 62 62 62 61 61 61 60 60 59 59 57 56 55 55 53 53 51 48 45 39 38 29 F: 94 93 92 90 89 88 87 86 86 85 85 83 81 79 79 78 77 77 76 76 76 76 75 74 74 73 72 72 71 70 68 68 67 66 66 65 65 65, 64 64 64 63 60 59 58 55 54 53 51 48
Calculate the value for:
(1) 85th percentile for the combined ages. (2) Percentile for an age of 60 for females.__________th(3) Percentile for an age of 75 for males.______________th
The Social Security Office kept records on salary history and age of all US citizens (with social security numbers) The Medicare Office kept health hustories and premium information on all US
citizens and wanted to combine salary information with their records by matching up social security numbers. This data manipalation is known as
O
a attaching
O b. supplementing
O cindexing
Ⓒd.appending
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....
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
- The first five rows of the BIRTHS data set are shown here. For GENDER 1 =male and 0 = female, WEIGHT is birth weight in grams, and CHARGES is in dollars. FACis facility, ADMIT and DISCHARGE are named days of the week. FAC INSURANCE GENDER ADMIT DISCHARGE WEIGHT CHARGES Albany Medicaid 0 FRI SUN 3500 13986 Albany Blue Cross 1 FRI SUN 3900 3633 Bellvue Blue Cross 0 WED THU 900 359091 Albany Self Pay 1 MON SAT 2800 8537 Olean Medicaid 1 FRI SUN 3700 3633 Describe the appropriate level of measure for each of the variables of the data. (Nominal,Ordinal, or Numerical - discrete, or Numerical - continuous).arrow_forwardThe Current Results website lists the average annual high and low temperatures (degreesfahrenheit) and average annual snowfall (inches) for fifty-one major U.S. cities, based ondata from 1981 to 2010. The data are contained in the file Snow. for example, the average low temperature for Columbus, Ohio is 44 degrees and the average annual snowfallis 27.5 inches.a. Construct a scatter diagram with the average annual low temperature on the horizontalaxis and the average annual snowfall on the vertical axisarrow_forwardThe average annual salary for 55 statisticians out of 205 statisticians at a search information company is $176,875. Which of the following best describes the bold-face number? a. Quantile b. Parameter c. Statistic d. rangearrow_forward
- Read the following prompt and complete the subquestions 3.a, 3.b, and 3.carrow_forwardB. Present the following data in Tabular Form. Stat Mountain Bike Shop has sold 50 bicycles the month of January. Similarly, in the month of February 60 bicycles were sold. While in March the sales go down to 45 and 30 in May.arrow_forwardMake a two-way table from the accompanying table, for gender and eye color. Put the labels Male and Female on the top and the labels Brown, Blue, and Hazel on the side, and then tally the data. Complete parts (a) through (f) below. LOADING... Click the icon to view the data table. Question content area bottom Part 1 a. Arrange the data as a two-way table and report how many students are in each cell. For each cell, make a tally mark using the capital letter I for each person who has both of the characteristics belonging to that cell. Type a 0 if there are no students with the given characteristics. Male Female Total Brown enter your response here enter your response here Blue enter your response here enter your response here Hazel enter your response here enter your response here Total Part 2 b. Sum the numbers of students in each row and each column, and put these sums…arrow_forward
- Classify each of the following as nominal, ordinal, interval, or ratio data and explain. a. the time required to produce each car on an assembly line. b. the number of litres of water a family drinks in a month. c. the ranking of four student projects in your class after they have been designated as excellent, good, satisfactory, and poor. d. the telephone area code of clients in India. e. Explain the four groups of data in detail.arrow_forwardDr. A. Ventura is interested in determining what kinds and how many pets people own in Bakersfield. He stands outside Petco and asks people what kind of pet they own. This is the result of his survey: dog=1; cat=2; bird=3; reptile=4; fish=5; other=6 1,1,2,2,2,1,1,3,2,3,1,1,1,2,2,4,4,2,2,1,1,1,5,4,3,4,1,1,1,2,2,6,1,1,2,2,1,2,1,2,6,3,4,5arrow_forwardDetermine the rank of A. A = 01 02 23 4 -1 5 -2 1 2 2 -2 -2 5 1 1 0 -12 9 -3 -1 1 7 -7 1 20arrow_forward
- 1.arrow_forwardThe average annual premium for automobile insurance in the US is $1503. The following annual premiums are representative of the website's findings for Michigan state. $1905, $2370, $2184, $2981, $2725, $2545, $2332, $2627, $2677, $2529, $3112, $2857, $2600, $2442, $2545, $2675, $2962, $2312, $2525, $2115 a) Provide a point estimate of the mean automobile insurance premium in Michigan. b) Develop a 95% confidence interval for the mean annual automobile insurance premium in Michigan. c) Does the 95% confidence interval for the annual automobile insurance premium in Michigan include the national average for the US? Interpret the relationship between auto insurance premiums in Michigan and the national average.arrow_forwardA. Ventura is interested in determining what kinds and how many pets people own in Bakersfield. He stands outside Petco and asks people what kind of pet they own. This is the result of his survey:dog=1; cat=2; bird=3; reptile=4; fish=5; other=61,1,2,2,2,1,1,3,2,3,1,1,1,2,2,4,4,2,2,1,1,1,5,4,3,4,1,1,1,2,2,6,1,1,2,2,1,2,1,2,6,3,4,5 What type of data did he collect? b.Which pet occurred most frequently? What was the mode? Use the “Easy Bar Chart Creator” to create the graph. Write one sentence that describes the results of the analysis. When is the median used?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman