EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 8220100460463
Author: Anderson
Publisher: CENGAGE L
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Chapter 14, Problem 57SE
What is the purpose of testing whether β1 = 0? If we reject β1 = 0, does it imply a good fit?
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Chapter 14 Solutions
EBK STATISTICS FOR BUSINESS & ECONOMICS
Ch. 14.2 - Given are five observations for two variables, x...Ch. 14.2 - Given are five observations for two variables, x...Ch. 14.2 - Given are five observations collected in a...Ch. 14.2 - The following data give the percentage of women...Ch. 14.2 - Elliptical trainers are becoming one of the more...Ch. 14.2 - The National Football League (NFL) records a...Ch. 14.2 - A sales manager collected the following data on...Ch. 14.2 - The American Association of Individual Investors...Ch. 14.2 - Using a global-positioning-system (GPS)-based...Ch. 14.2 - On March 31, 2009, Ford Motor Companys shares were...
Ch. 14.2 - Sporty cars are designed to provide better...Ch. 14.2 - Concur Technologies, Inc., is a large...Ch. 14.2 - To the Internal Revenue Service, the...Ch. 14.2 - PCWorld rated four component characteristics for...Ch. 14.3 - The data from exercise 1 follow. xi 1 2 3 4 5 yi 3...Ch. 14.3 - The data from exercise 2 follow. xi 3 12 6 20 14...Ch. 14.3 - The data from exercise 3 follow. xi 2 6 9 13 20 yi...Ch. 14.3 - The following data show the brand, price (), and...Ch. 14.3 - In exercise 7 a sales manager collected the...Ch. 14.3 - Bicycling, the worlds leading cycling magazine,...Ch. 14.3 - An important application of regression analysis in...Ch. 14.3 - Refer to exercise 5 where the following data were...Ch. 14.5 - The data from exercise 1 follow. xi 1 2 3 4 5 yi 3...Ch. 14.5 - The data from exercise 2 follow. xi 3 12 6 20 14...Ch. 14.5 - The data from exercise 3 follow. xi 2 6 9 13 20 yi...Ch. 14.5 - In exercise 18 the data on price () and the...Ch. 14.5 - The number of megapixels in a digital camera is...Ch. 14.5 - In exercise 8 ratings data on x = the quality of...Ch. 14.5 - Refer to exercise 21, where data on production...Ch. 14.5 - Prob. 30ECh. 14.5 - In exercise 20, data on x = weight (pounds) and y...Ch. 14.6 - The data from exercise 1 follow. xi 1 2 3 4 5 yi 3...Ch. 14.6 - The data from exercise 2 follow. xi 3 12 6 20 14...Ch. 14.6 - The data from exercise 3 follow. xi 2 6 9 13 20 yi...Ch. 14.6 - The following data are the monthly salaries y and...Ch. 14.6 - In exercise 7, the data on y = annual sales (...Ch. 14.6 - In exercise 13, data were given on the adjusted...Ch. 14.6 - Refer to exercise 21, where data on the production...Ch. 14.6 - Almost all U.S. light-rail systems use electric...Ch. 14.7 - The commercial division of a real estate firm is...Ch. 14.7 - Following is a portion of the computer output for...Ch. 14.7 - A regression model relating x, number of...Ch. 14.7 - Out-of-state tuition and fees at the top graduate...Ch. 14.7 - Automobile racing, high-performance driving...Ch. 14.8 - Given are data for two variables, x and y. xi 6 11...Ch. 14.8 - The following data were used in a regression...Ch. 14.8 - Data on advertising expenditures and revenue (in...Ch. 14.8 - Refer to exercise 7, where an estimated regression...Ch. 14.8 - Recent family home sales in San Antonio provided...Ch. 14.9 - Consider the following data for two variables, x...Ch. 14.9 - Consider the following data for two variables, x...Ch. 14.9 - Charity Navigator is Americas leading independent...Ch. 14.9 - Many countries, especially those in Europe, have...Ch. 14.9 - Prob. 54ECh. 14 - Does a high value of r2 imply that two variables...Ch. 14 - In your own words, explain the difference between...Ch. 14 - What is the purpose of testing whether 1 = 0? If...Ch. 14 - The Dow Jones Industrial Average (DJIA) and the...Ch. 14 - The following data show Morningstars Fair Value...Ch. 14 - One of the biggest changes in higher education in...Ch. 14 - Jensen Tire Auto is in the process of deciding...Ch. 14 - In a manufacturing process the assembly line speed...Ch. 14 - A sociologist was hired by a large city hospital...Ch. 14 - The regional transit authority for a major...Ch. 14 - A marketing professor at Givens College is...Ch. 14 - The Transactional Records Access Clearinghouse at...Ch. 14 - The Toyota Camry is one of the best-selling cars...Ch. 14 - You have been assigned to analyze the risk...Ch. 14 - As part of a study on transportation safety, the...Ch. 14 - Consumer Reports tested 166 different...Ch. 14 - Finding the Best Car Value When trying to decide...
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- Recent studies have shown that adult men suffer from high blood pressure at a lesser rate than do adult women. To test that claim, a research randomly selected 200 of each gender and tested their blood pressure. The results revealed that 49 of the men and 62 of the women suffered from high blood pressure. Can you conclude that the proportion of men with high blood pressure is less than the proportion of women? Use α = 0.05.arrow_forwardTo test the effectiveness of a new drug designed to relieve pain, 200 patients were randomly selected and divided into two equal groups. One group of 100 patients was given a pill containing the drug while the other group of 100 was given a placebo. What can we conclude about the effectiveness of the drug if 62 of those actually taking the drug felt a beneficial effect while 41 of the patients taking the placebo felt a beneficial effect? Use α = 0.01.arrow_forwardA sample of 900 commuters from New York were interviewed randomly and 416 answered they like express trains. Determine if the sample evidence shows that less than half of the commuters like express trains. Use α=0.05.arrow_forward
- An experiment was conducted to test the effect of a new cholesterol medicine. Fifteen people were treated with medicine X and 15 with medicine Y for a month, then the subjects' cholesterol level was measured. A significance test was conducted at the a = 0.01 level for the difference in the means of the cholesterol levels between medicine X and medicine Y. The test resulted in t = 2.73 and p = 0.003. If the alternative hypothesis in question was Ha: px - μy ‡ 0, where µx equals the mean cholesterol level for subjects taking medicine X and μy equals the mean cholesterol level for subjects taking medicine Y, what conclusion can be drawn? O There is not a significant difference in mean cholesterol level when using medicine X and medicine Y. O There is sufficient evidence that there is a difference in mean cholesterol level when using medicine X and medicine Y. O There is sufficient evidence that medicine X lowers cholesterol levels more than medicine Y. O The proportion of subjects who…arrow_forwardA new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 54 women over the age of 50 used the new cream for 6 months. Of those 54 women, 43 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using α=0.05. test statistics z= The final conclustion is A. There is not sufficient evidence to reject the null hypothesis that p=0.6. That is, there is not sufficient evidence to reject that the cream can improve the skin of more than 60% of women over 50.B. We can reject the null hypothesis that p=0.6 and accept that p>0.6. That is, the cream can improve the skin of more than 60% of women over 50.arrow_forward3) A medical association claims that less than 20% of adults in the US are regular smokers of tobacco. To test this claim the survey a sample of 125 US adults and find that 19 of them are regular smokers. Test the medical association's claim using α=0.05.arrow_forward
- A diet center wanted to test three different methods for losing weight to determine if the average weight loss (reported in pounds/week) for each method is the same. The results for the three methods are tabulated below. Given that there is a significant difference between the three methods, use the Tukey test to determine if there is a significant difference between each pair of methods. Let a=0.05. (picture attached)arrow_forwardIn a certain jurisdiction, all students in Grade Three are required to take a standardized test to evaluate their math comprehension skills.The file contains these data resulting from a random sample of n=30 schools within this jurisdiction. From these data you wish to estimate the model Yi=β0+β1Xi+ei where Xi is the percentage of Grade Three students in School i who live below the poverty line and Yi is the average mathematics comprehension score for all Grade Three students in the same school, School i. The observed data for the X variable is labled perbelowpoverty and the observed data for the Y variable is labeled mathscore in the file.Import (either hand type or load the file) data into R Studio, then answer the following questions based on the data.(a) Create a scatterplot of the data. What can you say about the nature of the relationship between the percentage of Grade Three students living below the poverty line in a certain school and the school's average Grade Three…arrow_forwardAre sexually active teenagers any better informed about AIDS and other potential health problems related to sex than teenagers who are sexually inactive? A 15 – item test of general knowledge about sex and health was administered to random samples of teens who are sexually inactive, teens who are sexually active but with only a single partner, and teens who are sexually active with more than one partner. Is there any significant difference in the test scores? Test the hypothesis at α = 0.05. Inactive Active (One Partner) Active (More than One Partner) 10 11 12 12 11 12 8 6 10 10 5 4 8 15 3 5 10 15arrow_forward
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