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 14.3, Problem 44E
To determine
Explain whether the linear regression has sufficed.
Check whether the quadratic predictor is important or not at 0.05 level of significance.
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Consider the linear regression model Y; = Bo + B1 X¡ + U¡ for each i
in $10,000) and Y; represents the home size (measured in square feet). We run an OLS regression and get:
1,..., n withn =
1,000. X; represents the annual income of individual i (measured
Bin = 43.2, SE(§ „) = 10.2,
Bon = 700, SE(Bom) = 7.4.
Suppose that we want to test Ho : B1
O against H1 : ß1 # 0 at 1% significance level. Assuming that the sample size is large enough, which one of the
following is true about the p-value of this test?
43.2
The p-value can be computed as P(-|
), where is the standard Normal CDF
10.2
а.
b. None of the answers
43.2
The p-value can be computed as (-
), where O is the standard Normal CDF
10.2
С.
43.2
d. The p-value can be computed as 20(--
), where O is the standard Normal CDF
10.2
The marketing Department of Verohay's Company found that profit generated by the
depends on the expenditure on research & development (R&D). The 1table below provide a
сompany
summary of the data.
Profit (Y)
80 60 40 25 70 10 100 5
50 | 90
R& D (X)
20 | 15
12 | 8
16
30
2
10 | 25
Using a lincar regression equation of the form Ya + ßX + e
(a) Find the Values of (a) and (B) .
(b) Calculate thc cocflicient of determination and interpret it.
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(V)
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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