Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Textbook Question
Chapter 16.2, Problem 13E
Refer to exercise 12.
- a. Develop an estimated regression equation that can be used to predict the total earnings for all
events given the average number of putts taken on greens hit in regulation. - b. Develop an estimated regression equation that can be used to predict the total earnings for all events given the percentage of time a player is able to hit the green in regulation, the average number of putts taken on greens hit in regulation, and the percentage of time a player is able to get “up and down” once in a greenside sand bunker.
- c. At the .05 level of significance, test whether the two independent variables added in part (b), the percentage of time a player is able to hit the green in regulation and the percentage of time a player is able to get “up and down” once in a greenside sand bunker, contribute significantly to the estimated regression equation developed in part (a). Explain.
- d. In general, lower scores should lead to higher earnings. To investigate this option to predicting total earnings, develop an estimated regression equation that can be used to predict total earnings for all events given the average score for all events. Would you prefer to use this equation to predict total earnings or the estimated regression equation developed in part (b)? Explain.
12. The Ladies Professional Golfers Association (LPGA) maintains statistics on performance and earnings for members of the LPGA Tour. Year-end performance statistics for the 30 players who had the highest total earnings in LPGA Tour events for 2005 appear in the file named LPGA Tour (LPGA Tour website, 2006). Earnings ($1000) is the total earnings in thousands of dollars; Scoring Avg. is the average score for all events; Greens in Reg. is the percentage of time a player is able to hit the green in regulation; Putting Avg. is the average number of putts taken on greens hit in regulation; and Sand Saves is the percentage of time a player is able to get “up and down” once in a greenside sand bunker. A green is considered hit in regulation if any part of the ball is touching the putting surface and the difference between the value of par for the hole and the number of strokes taken to hit the green is at least 2.
- a. Develop an estimated regression equation that can be used to predict the average score for all events given the average number of putts taken on greens hit in regulation.
- b. Develop an estimated regression equation that can be used to predict the average score for all events given the percentage of time a player is able to hit the green in regulation, the average number of putts taken on greens hit in regulation, and the percentage of time a player is able to get “up and down” once in a greenside sand bunker.
- c. At the .05 level of significance, test whether the two independent variables added in part (b), the percentage of time a player is able to hit the green in regulation and the percentage of time a player is able to get “up and down” once in a greenside sand bunker, contribute significantly to the estimated regression equation developed in part (a). Explain.
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Chapter 16 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 16.1 - Consider the following data for two variables, x...Ch. 16.1 - Consider the following data for two variables, x...Ch. 16.1 - Prob. 3ECh. 16.1 - A highway department is studying the relationship...Ch. 16.1 - In working further with the problem of exercise 4,...Ch. 16.1 - A study of emergency service facilities...Ch. 16.1 - In 2011, home prices and mortgage rates fell so...Ch. 16.1 - Corvette, Ferrari, and Jaguar produced a variety...Ch. 16.1 - Kiplingers Personal Finance Magazine rated 359...Ch. 16.2 - In a regression analysis involving 27...
Ch. 16.2 - In a regression analysis involving 30...Ch. 16.2 - The Ladies Professional Golfers Association (LPGA)...Ch. 16.2 - Refer to exercise 12. a. Develop an estimated...Ch. 16.2 - A 10-year study conducted by the American Heart...Ch. 16.2 - In baseball, an earned run is any run that the...Ch. 16.4 - A study provided data on variables that may be...Ch. 16.4 - The Ladies Professional Golfers Association (LPGA)...Ch. 16.4 - Jeff Sagarin has been providing sports ratings for...Ch. 16.4 - Prob. 19ECh. 16.5 - Consider a completely randomized design involving...Ch. 16.5 - Prob. 21ECh. 16.5 - Prob. 22ECh. 16.5 - The Jacobs Chemical Company wants to estimate the...Ch. 16.5 - Four different paints are advertised as having the...Ch. 16.5 - An automobile dealer conducted a test to determine...Ch. 16.5 - A mail-order catalog firm designed a factorial...Ch. 16.6 - The following data show the daily closing prices...Ch. 16.6 - Refer to the Cravens data set in Table 16.5. In...Ch. 16 - A sample containing years to maturity and yield...Ch. 16 - Consumer Reports tested 19 different brands and...Ch. 16 - A study investigated the relationship between...Ch. 16 - Refer to the data in exercise 31. Consider a model...Ch. 16 - Refer to the data in exercise 31. a. Develop an...Ch. 16 - Prob. 34SECh. 16 - Rating Wines from the Piedmont Region of Italy...
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