Statistics for Business & Economics
12th Edition
ISBN: 9781285528830
Author: David R. Anderson
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 15.6, Problem 30E
a.
To determine
Find a 95% confidence interval for the
b.
To determine
Find a 95% prediction interval for the mean top speed for the Svfara SV609.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Import the data from the Hill City Excel file into Minitab.You are trying to predict Price.Note: Mtn View=1 if there is a mountain view, 0 otherwise. The rest of the variables should be self explanatory.
1.Perform an F Test for overall significance of the model
2.Perform a T test for slope for the age variable
3. Find a 95% confidence interval for the slope of the SqFeet variable4. Create a prediction, CI, and PI for 1 new set of x values (any valid numbers you want), and interpret each.5. Run the residual plots and indicate if they show any problems with the model.
Use Excel’s Data Analysis tool to conduct a multiple regression, using Risk of Stroke as the dependent variable, and all the rest of variables as independent variables. Choose confidence level at 99%.
Risk of Stroke (%)
Age
Pressure
Smoker (Yes=1)
12
57
152
0
24
67
163
0
13
58
155
0
56
86
177
1
28
59
196
0
51
76
189
0
18
56
155
1
31
78
120
0
37
80
135
1
15
78
98
0
22
71
152
0
36
70
173
1
15
67
135
1
48
77
209
0
15
60
199
0
36
82
119
1
8
66
166
0
34
80
125
1
3
62
117
0
37
59
207
1
Interpret the multiple coefficient of determination R-square.
Compare the R-square of the simple linear regression and the R-square of the multiple regression, what does the differences in R-squares tell us?
What does F-test for significance tell us?
Using the regression results in column (3):a. Do there appear to be important regional differences? Use an appropriate hypothesis test to explain your answer.b. Juanita is a 28-year-old female college graduate from the South. Mollyis a 28-year-old female college graduate from the West. Jennifer is a28-year-old female college graduate from the Midwest.i. Construct a 95% confidence interval for the difference in expectedearnings between Juanita and Molly.ii. Explain how you would construct a 95% confidence interval forthe difference in expected earnings between Juanita and Jennifer.(Hint: What would happen if you included West and excludedMidwest from the regression?)
Chapter 15 Solutions
Statistics for Business & Economics
Ch. 15.2 - The estimated regression equation for a model...Ch. 15.2 - Consider the following data for a dependent...Ch. 15.2 - In a regression analysis involving 30...Ch. 15.2 - A shoe store developed the following estimated...Ch. 15.2 - The owner of Showtime Movie Theaters, Inc., would...Ch. 15.2 - The National Football League (NFL) records a...Ch. 15.2 - PC World rated four component characteristics for...Ch. 15.2 - The Cond Nast Traveler Gold List provides ratings...Ch. 15.2 - Waterskiing and wakeboarding are two popular...Ch. 15.2 - Prob. 10E
Ch. 15.3 - In exercise 1, the following estimated regression...Ch. 15.3 - Prob. 12ECh. 15.3 - In exercise 3, the following estimated regression...Ch. 15.3 - In exercise 4, the following estimated regression...Ch. 15.3 - In exercise 5, the owner of Showtime Movie...Ch. 15.3 - In exercise 6, data were given on the average...Ch. 15.3 - Prob. 17ECh. 15.3 - Prob. 18ECh. 15.5 - In exercise 1, the following estimated regression...Ch. 15.5 - Refer to the data presented in exercise 2. The...Ch. 15.5 - The following estimated regression equation was...Ch. 15.5 - In exercise 4, the following estimated regression...Ch. 15.5 - Prob. 23ECh. 15.5 - The Wall Street Journal conducted a study of...Ch. 15.5 - The Cond Nast Traveler Gold List for 2012 provided...Ch. 15.5 - In exercise 10, data showing the values of several...Ch. 15.6 - In exercise 1, the following estimated regression...Ch. 15.6 - Refer to the data in exercise 2. The estimated...Ch. 15.6 - In exercise 5, the owner of Showtime Movie...Ch. 15.6 - Prob. 30ECh. 15.6 - The American Association of Individual Investors...Ch. 15.7 - Consider a regression study involving a dependent...Ch. 15.7 - Consider a regression study involving a dependent...Ch. 15.7 - Management proposed the following regression model...Ch. 15.7 - Refer to the Johnson Filtration problem introduced...Ch. 15.7 - This problem is an extension of the situation...Ch. 15.7 - The Consumer Reports Restaurant Customer...Ch. 15.7 - A 10-year study conducted by the American Heart...Ch. 15.8 - Data for two variables, x and y, follow. xi 1 2 3...Ch. 15.8 - Data for two variables, x and y, follow. xi 22 24...Ch. 15.8 - Exercise 5 gave the following data on weekly gross...Ch. 15.8 - The following data show the curb weight,...Ch. 15.8 - Prob. 43ECh. 15.9 - Refer to the Simmons Stores example introduced in...Ch. 15.9 - In Table 15.12 we provided estimates of the...Ch. 15.9 - Community Bank would like to increase the number...Ch. 15.9 - Over the past few years the percentage of students...Ch. 15.9 - The Tire Rack maintains an independent consumer...Ch. 15 - The admissions officer for Clearwater College...Ch. 15 - The personnel director for Electronics Associates...Ch. 15 - A partial computer output from a regression...Ch. 15 - Recall that in exercise 49, the admissions officer...Ch. 15 - Recall that in exercise 50 the personnel director...Ch. 15 - The Tire Rack, Americas leading online distributor...Ch. 15 - The Department of Energy and the U.S....Ch. 15 - A portion of a data set containing information for...Ch. 15 - Fortune magazine publishes an annual list of the...Ch. 15 - Consumer Research, Inc., is an independent agency...Ch. 15 - Matt Kenseth won the 2012 Daytona 500, the most...Ch. 15 - Finding the Best Car Value When trying to decide...
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
- A certain type of battery supercharger was found to take a mean of 15.4 minutes to charge a standard electric vehicle (EV) battery. A firmware update for this type of supercharger was recently released, but the update has received negative reviews from users. A researcher suspects the mean time the updated superchargers take to charge a standard EV battery is greater than 15.4 minutes. To test his claim, he chooses 15 of the updated superchargers at random and measures the time it takes each one to charge a standard EV battery. He finds that the superchargers take a sample mean of 16.1 minutes to charge a standard EV battery, with a sample standard deviation of 1.8 minutes. Assume that the population of amounts of time to charge a standard EV battery using the updated superchargers is approximately normally distributed. Complete the parts below to perform a hypothesis test to see if there is enough evidence, at the 0.05 level of significance, to support the claim that µ, the mean time…arrow_forwardA certain type of battery supercharger was found to take a mean of 15.4 minutes to charge a standard electric vehicle (EV) battery. A firmware update for this type of supercharger was recently released, but the update has received negative reviews from users. A researcher suspects the mean time the updated superchargers take to charge a standard EV battery is greater than 15.4 minutes. To test his claim, he chooses 15 of the updated superchargers at random and measures the time it takes each one to charge a standard EV battery. He finds that the superchargers take a sample mean of 16.1 minutes to charge a standard EV battery, with a sample standard deviation of 1.8 minutes. Assume that the population of amounts of time to charge a standard EV battery using the updated superchargers is approximately normally distributed. Complete the parts below to perform a hypothesis test to see if there is enough evidence, at the 0.05 level of significance, to support the claim that u, the mean time…arrow_forwardA technician compares repair costs for two types of microwave ovens (type I and type II). He believes that the repair cost for type I ovens is greater than the repair cost for type II ovens. A sample of 35 type I ovens has a mean repair cost of $80.39. The population standard deviation for the repair of type I ovens is known to be $24.63. A sample of 31 type II ovens has a mean repair cost of $73.47. The population standard deviation for the repair of type II ovens is known to be $10.42. Conduct a hypothesis test of the technician's claim at the 0.05 level of significance. Let i be the true mean repair cost for type I ovens and µz be the true mean repair cost for type II ovens. Step 1 of 5: State the null and alternative hypotheses for the test.arrow_forward
- A technician compares repair costs for two types of microwave ovens (type I and type II). He believes that the repair cost for type I ovens is greater than the repair cost for type Il ovens. A sample of 35 type I ovens has a mean repair cost of $80.39. The population standard deviation for the repair of type I ovens is known to be $24.63. A sample of 31 type II ovens has a mean repair cost of $73.47. The population standard deviation for the repair of type Il ovens is known to be $10.42. Conduct a hypothesis test of the technician's claim at the 0.05 level of significance. Let µj be the true mean repair cost for type I ovens and µz be the true mean repair cost for type II ovens. Step 3 of 5: Find the p-value associated with the test statistic. Round your answer to four decimal places.arrow_forwardA certain type of battery supercharger was found to take a mean of 12.3 minutes to charge a standard electric vehicle (EV) battery. A firmware update for this type of supercharger was recently released, but the update has received negative reviews from users. A researcher suspects the mean time the updated superchargers take to charge a standard EV battery is greater than 12.3 minutes. To test his claim, he chooses 21 of the updated superchargers at random and measures the time it takes each one to charge a standard EV battery. He finds that the superchargers take a sample mean of 12.9 minutes to charge a standard EV battery, with a sample standard deviation of 1.3 minutes. Assume that the population of amounts of time to charge a standard EV battery using the updated superchargers is approximately normally distributed. Complete the parts below to perform a hypothesis test to see if there is enough evidence, at the 0.05 level of significance, to support the claim that u, the mean time…arrow_forwardIn simple linear regression, at what value of the independent variable, X, will the 95% confidence interval for the average value of Y be narrowest? At what value will the 95% prediction interval for the value of Y for a single n ew observation be narrowest?arrow_forward
- Research has shown that, for baseball players, good hip range of motion results in improved performance and decreased body stress. A research article reported on a study of independent samples of 40 professional pitchers and 40 professional position players. For the pitchers, the sample mean hip range of motion was 75.5 degrees and the sample standard deviation was 5.8 degrees, whereas the sample mean and sample standard deviation for position players were 79.1 degrees and 7.1 degrees, respectively. Assuming that the two samples are representative of professional baseball pitchers and position players, test hypotheses appropriate for determining if there is convincing evidence that the mean range of motion for pitchers is less than the mean for position players. (Use ? = 0.05. Use ?1 for pitchers and ?2 for position players.) State the appropriate null and alternative hypotheses. Find the test statistic and P-value. (Use SALT. Round your test statistic to one decimal place and…arrow_forwardThe heart rate variability (HRV) of police officers was the subject of research published in a biology journal. HRV is defined as the variation in the time intervals between heartbeats. A measure of HRV was obtained for each in a sample of 331 police officers from the same city. (The lower the measure of HRV, the more susceptible the officer is to cardiovascular disease.) For the 76 officers diagnosed with hypertension, a 90% confidence interval for the mean HRV was (7.2,121.3). For the 255 officers that are not hypertensive, a 90% confidence interval for the mean HRV was (141.6,189.9). Use this information to complete parts a through d below. a. What confidence coefficient was used to generate the confidence intervals? (Type an integer or a decimal. Do not round) b. Give a practical interpretation of both of the 90% confidence intervals. Use the phrase '90% confident" in your answer. The researchers can be 90% confident that the Type integers or decimals. Do not round.) V mean HRV for…arrow_forwardThe design of controls and instruments affects how easily people can use them. A student project investigated this effect by asking 25 right handed students to turn a knob with their right hands that moved an indicator by screw action. There were two identical instruments, one with a right-hand thread and the other with a left-hand thread. The table given has the data from the student project.1. Calculate and interpret a 90% confidence interval for the mean time advantage of right hand over left hand threads in the setting above.arrow_forward
- Exercise 1.4 (5pts). A farmer recorded the weights of 25 randomly selected pigs from his farm. A 95% confidence interval for the mean weight was calculated to be from 280.2 to 289.8 pounds. What is being estimated by this confidence interval? Choose one: a. the weights of all pigs at this farm. b. the mean weight of 25 pigs at this farm. c. the mean weight of all pigs at this farm. d. the middle 95% of weights for pigs at this farm.arrow_forwardDefine the association between variables selected? What is the probability a car on the list will be less $29,000 and what is the probability the car will be more than $29,000? Develop a 95% confidence interval estimate that the higher the price of the car, the higher the road test scores. (For assistance, see the Excel steps on page 415 of your textbook). What are the upper and lower limits for car cost and road test score? Perform a regression analysis for predicated reliability and price to develop an estimated regression equation that could be used to predict the reliability and price.arrow_forwardResearch has shown that, for baseball players, good hip range of motion results in improved performance and decreased body stress. A research article reported on a study of independent samples of 40 professional pitchers and 40 professional position players. For the pitchers, the sample mean hip range of motion was 75.8 degrees and the sample standard deviation was 5.6 degrees, whereas the sample mean and sample standard deviation for position players were 79.9 degrees and 7.2 degrees, respectively. Assuming that the two samples are representative of professional baseball pitchers and position players, test hypotheses appropriate for determining if there is convincing evidence that the mean range of motion for pitchers is less than the mean for position players. (Use ? = 0.05. Use ?1 for pitchers and ?2 for position players.)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Linear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY