Essential Statistics
2nd Edition
ISBN: 9781259570643
Author: Navidi
Publisher: MCG
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Chapter 2.4, Problem 9E
To determine
Check whether the graph represent an accurate picture of the increase or it is a misleading and explain the reason.
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ons
12. A sociologist hypothesizes that the crime rate is higher in areas
with higher poverty rate and lower median income. She col-
lects data on the crime rate (crimes per 100,000 residents),
the poverty rate (in %), and the median income (in $1,000s)
from 41 New England cities. A portion of the regression results
is shown in the following table.
Standard
Coefficients
error
t stat
p-value
Intercept
-301.62
549.71
-0.55 0.5864
Poverty
53.16
14.22
3.74 0.0006
Income
4.95
8.26
0.60 0.5526
a.
b.
Are the signs as expected on the slope coefficients?
Predict the crime rate in an area with a poverty rate of
20% and a median income of $50,000.
3. Using data from 50 work
2. The owner of several used-car dealerships believes that the
selling price of a used car can best be predicted using the car's
age. He uses data on the recent selling price (in $) and age of
20 used sedans to estimate Price = Po + B₁Age + ε. A portion
of the regression results is shown in the accompanying table.
Standard
Coefficients
Intercept
21187.94
Error
733.42
t Stat p-value
28.89 1.56E-16
Age
-1208.25
128.95 -9.37
2.41E-08
a. What is the estimate for B₁? Interpret this value.
b. What is the sample regression equation?
C. Predict the selling price of a 5-year-old sedan.
ian income of $50,000.
erty rate of
13. Using data from 50 workers, a researcher estimates Wage =
Bo+B,Education + B₂Experience + B3Age+e, where Wage
is the hourly wage rate and Education, Experience, and Age
are the years of higher education, the years of experience, and
the age of the worker, respectively. A portion of the regression
results is shown in the following table. ni ogolloo bash
1
Standard
Coefficients error
t stat p-value
Intercept
7.87
4.09
1.93
0.0603
Education
1.44
0.34
4.24 0.0001
Experience
0.45
0.14
3.16
0.0028
Age
-0.01
0.08 -0.14 0.8920
a. Interpret the estimated coefficients for Education and
Experience.
b. Predict the hourly wage rate for a 30-year-old worker
with four years of higher education and three years of
experience.
Chapter 2 Solutions
Essential Statistics
Ch. 2.1 - 1. The following table lists the types of aircraft...Ch. 2.1 - Prob. 2CYUCh. 2.1 - Prob. 3CYUCh. 2.1 - Prob. 4CYUCh. 2.1 - Prob. 5ECh. 2.1 - In Exercises 5–8, fill in each blank with the...Ch. 2.1 - Prob. 7ECh. 2.1 -
In Exercises 5–8, fill in each blank with the...Ch. 2.1 - Prob. 9ECh. 2.1 - In Exercises 9–12, determine whether the statement...
Ch. 2.1 - Prob. 11ECh. 2.1 -
In Exercises 9–12, determine whether the...Ch. 2.1 - Prob. 13ECh. 2.1 - 14. The most common blood typing system divides...Ch. 2.1 - 15. Following is a pie chart that presents the...Ch. 2.1 - 16. Student expenses: The following pie chart...Ch. 2.1 - 17. Food sources: The following side-by-side bar...Ch. 2.1 -
18. Super Bowl: The following side-by-side bar...Ch. 2.1 - Prob. 19ECh. 2.1 - 20. Popular video games: The following frequency...Ch. 2.1 - Prob. 21ECh. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Prob. 24ECh. 2.1 - Prob. 25ECh. 2.1 - 26. How secure is your job? In a survey, employed...Ch. 2.1 - Prob. 27ECh. 2.1 - Prob. 28ECh. 2.1 - Prob. 29ECh. 2.1 - 30. Bought a new car lately? The following table...Ch. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.2 - Using the data in Table 2.7, construct a frequency...Ch. 2.2 - Prob. 2CYUCh. 2.2 - Prob. 3CYUCh. 2.2 - Prob. 4CYUCh. 2.2 - Prob. 5ECh. 2.2 -
In Exercises 5-8, fill in each blank with the...Ch. 2.2 - Prob. 7ECh. 2.2 - Prob. 8ECh. 2.2 - Prob. 9ECh. 2.2 - Prob. 10ECh. 2.2 - Prob. 11ECh. 2.2 - In Exercises 9-12, determine whether the statement...Ch. 2.2 - Prob. 13ECh. 2.2 - In Exercises 13–16, classify the histogram as...Ch. 2.2 - Prob. 15ECh. 2.2 - In Exercises 13–16, classify the histogram as...Ch. 2.2 - In Exercises 17 and 18, classify the histogram as...Ch. 2.2 - In Exercises 17 and 18, classify the histogram as...Ch. 2.2 - Prob. 19ECh. 2.2 - 20. Trained rats: Forty rats were trained to run a...Ch. 2.2 - 21. Interpret histogram: The following histogram...Ch. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Skewed which way? For which of the following data...Ch. 2.2 - Prob. 25ECh. 2.2 - 26. Batting average: The following frequency...Ch. 2.2 - Prob. 27ECh. 2.2 - 28. Murder, she wrote: The following frequency...Ch. 2.2 - BMW prices: The following table presents the...Ch. 2.2 - Geysers: The geyser Old Faithful in Yellowstone...Ch. 2.2 - Prob. 31ECh. 2.2 - Internet radio: The following table presents the...Ch. 2.2 - Prob. 33ECh. 2.2 - Prob. 34ECh. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - 37. Silver ore: The following histogram presents...Ch. 2.2 - Classes of differing widths: Consider the...Ch. 2.3 - Weights of college students: The following table...Ch. 2.3 - Prob. 2CYUCh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - In Exercises 3–6, fill in each blank with the...Ch. 2.3 - Prob. 6ECh. 2.3 - Prob. 7ECh. 2.3 - Prob. 8ECh. 2.3 - Prob. 9ECh. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - Prob. 12ECh. 2.3 - Prob. 13ECh. 2.3 - 14. List the data in the following stem-and-leaf...Ch. 2.3 - Prob. 15ECh. 2.3 - Prob. 16ECh. 2.3 - BMW prices: The following table presents the...Ch. 2.3 - How’s the weather? The following table presents...Ch. 2.3 - Prob. 19ECh. 2.3 - Prob. 20ECh. 2.3 - Tennis and golf: Following are the ages of the...Ch. 2.3 - Prob. 22ECh. 2.3 - Prob. 23ECh. 2.3 - 24. Safety first: Following are the numbers of...Ch. 2.3 - Prob. 25ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - 30. Going for gold: The following time-series plot...Ch. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - Prob. 33ECh. 2.3 - 34. Arctic ice sheet: The following table presents...Ch. 2.3 - Prob. 35ECh. 2.4 - The population of country A is twice as large as...Ch. 2.4 - Prob. 2CYUCh. 2.4 - Prob. 3ECh. 2.4 - Prob. 4ECh. 2.4 - Prob. 5ECh. 2.4 - Prob. 6ECh. 2.4 - Prob. 7ECh. 2.4 - Prob. 8ECh. 2.4 - Prob. 9ECh. 2.4 - Prob. 10ECh. 2.4 - Prob. 11ECh. 2.4 - Prob. 12ECh. 2.4 - College degrees: Both of the following time-series...Ch. 2.4 - Food expenditures: Both of the following...Ch. 2.4 - Prob. 15ECh. 2 - Prob. 1CQCh. 2 - Prob. 2CQCh. 2 - Prob. 3CQCh. 2 - Prob. 4CQCh. 2 - Prob. 5CQCh. 2 - 6. True or false: A histogram can have more than...Ch. 2 - Prob. 7CQCh. 2 - Prob. 8CQCh. 2 - Prob. 9CQCh. 2 - Prob. 10CQCh. 2 - Prob. 11CQCh. 2 - Prob. 12CQCh. 2 - Prob. 13CQCh. 2 - Prob. 14CQCh. 2 - Prob. 15CQCh. 2 - Prob. 1RECh. 2 - Prob. 2RECh. 2 - Prob. 3RECh. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - Prob. 11RECh. 2 - Prob. 12RECh. 2 - Prob. 13RECh. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 1WAICh. 2 - Prob. 2WAICh. 2 - Prob. 3WAICh. 2 - Prob. 4WAICh. 2 - Prob. 1CSCh. 2 - Prob. 2CSCh. 2 - In the chapter introduction, we presented gas...Ch. 2 - Prob. 4CSCh. 2 - Prob. 5CSCh. 2 - Prob. 6CSCh. 2 - Prob. 7CSCh. 2 - Prob. 8CSCh. 2 - Prob. 9CS
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