Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305115347
Author: Roxy Peck; Chris Olsen; Jay L. Devore
Publisher: Brooks Cole
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Chapter 14.2, Problem 24E
a.
To determine
Calculate the estimated regression equation.
b.
To determine
Check whether the model is useful or not at 0.01 level of significance.
c.
To determine
Interpret the value of
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Management proposed the following regression model to predict sales at a fast-food outlet.
y = Bot Bixit ByxtBox te
where
X₁ = number of competitors within one mile
X₂= population within one mile (1000s)
1 if drive-up window present
(0 otherwise
y sales ($1000s)
X₂ =
The following estimated regression equation was developed after 20 outlets were surveyed.
ŷ= 10.7-4.61 +6.722 +15.7x3
a. What is the expected amount of sales attributable to the drive-up window?
$
b. Predict sales for a store with two competitors, a population of 9,000 within one mile, and no drive-up window.
Estimate of sales = $1
c. Predict sales for a store with one competitor, a population of 3,000 within one mile, and a drive-up window.
Estimate of sales $
Chapter 14 Solutions
Introduction to Statistics and Data Analysis
Ch. 14.1 - Prob. 1ECh. 14.1 - The authors of the paper Weight-Bearing Activity...Ch. 14.1 - Prob. 3ECh. 14.1 - Prob. 4ECh. 14.1 - Prob. 5ECh. 14.1 - Prob. 6ECh. 14.1 - Prob. 7ECh. 14.1 - Prob. 8ECh. 14.1 - Prob. 9ECh. 14.1 - The relationship between yield of maize (a type of...
Ch. 14.1 - Prob. 11ECh. 14.1 - A manufacturer of wood stoves collected data on y...Ch. 14.1 - Prob. 13ECh. 14.1 - Prob. 14ECh. 14.1 - Prob. 15ECh. 14.2 - Prob. 16ECh. 14.2 - State as much information as you can about the...Ch. 14.2 - Prob. 18ECh. 14.2 - Prob. 19ECh. 14.2 - Prob. 20ECh. 14.2 - The ability of ecologists to identify regions of...Ch. 14.2 - Prob. 22ECh. 14.2 - Prob. 23ECh. 14.2 - Prob. 24ECh. 14.2 - Prob. 25ECh. 14.2 - Prob. 26ECh. 14.2 - This exercise requires the use of a statistical...Ch. 14.2 - Prob. 28ECh. 14.2 - The article The Undrained Strength of Some Thawed...Ch. 14.2 - Prob. 30ECh. 14.2 - Prob. 31ECh. 14.2 - Prob. 32ECh. 14.2 - Prob. 33ECh. 14.2 - This exercise requires the use of a statistical...Ch. 14.2 - This exercise requires the use of a statistical...Ch. 14.3 - Prob. 36ECh. 14.3 - Prob. 37ECh. 14.3 - Prob. 38ECh. 14.3 - Prob. 39ECh. 14.3 - The article first introduced in Exercise 14.28 of...Ch. 14.3 - Data from a random sample of 107 students taking a...Ch. 14.3 - Benevolence payments are monies collected by a...Ch. 14.3 - Prob. 43ECh. 14.3 - Prob. 44ECh. 14.3 - Prob. 45ECh. 14.3 - Prob. 46ECh. 14.3 - Exercise 14.26 gave data on fish weight, length,...Ch. 14.3 - Prob. 48ECh. 14.3 - Prob. 49ECh. 14.3 - Prob. 50ECh. 14.4 - Prob. 51ECh. 14.4 - Prob. 52ECh. 14.4 - The article The Analysis and Selection of...Ch. 14.4 - Prob. 54ECh. 14.4 - Prob. 55ECh. 14.4 - Prob. 57ECh. 14.4 - Prob. 58ECh. 14.4 - Prob. 59ECh. 14.4 - Prob. 60ECh. 14.4 - This exercise requires use of a statistical...Ch. 14.4 - Prob. 62ECh. 14 - Prob. 63CRCh. 14 - Prob. 64CRCh. 14 - The accompanying data on y = Glucose concentration...Ch. 14 - Much interest in management circles has focused on...Ch. 14 - Prob. 67CRCh. 14 - Prob. 68CRCh. 14 - Prob. 69CRCh. 14 - A study of pregnant grey seals resulted in n = 25...Ch. 14 - Prob. 71CRCh. 14 - Prob. 72CRCh. 14 - This exercise requires the use of a statistical...
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