Essentials Of Business Analytics
1st Edition
ISBN: 9781285187273
Author: Camm, Jeff.
Publisher: Cengage Learning,
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Chapter 4, Problem 19P
A recent 10-year study conducted by a research team at the Great Falls Medical School was conducted to assess how age, systolic blood pressure, and smoking relate to the risk of strokes. Assume that the following data are from a portion of this study. Risk is interpreted as the
- a. Develop an estimated multiple regression equation that relates risk of a stroke to the person’s age, systolic blood pressure, and whether the person is a smoker.
- b. Is smoking a significant factor in the risk of a stroke? Explain. Use a 0.05 level of significance.
- c. What is the probability of a stroke over the next 10 years for Art Speen, a 68-year-old smoker who has a systolic blood pressure of 175? What action might the physician recommend for this patient?
- d. What other factors could be included in the model as independent variables?
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The table below shows the prices (R) and quantities (kg) of rice, meat and potatoes items bought during 2013 and 2014:
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2014
P1Qo
PoQo
Q1Po P1Q1
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Ро
Quantity
Qo
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P1
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Q1
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480
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490
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50
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60
1 750
1 500
1 800
2 100
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3
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300
300
300
300
TOTAL
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230
44
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ENG US
口X
2025/05
The table below indicates the number of years of experience of a sample of employees who work on a particular production line and the corresponding number of units of a good that each employee produced last month.
Years of Experience (x)
Number of Goods (y)
11
63
5
57
1
48
4
54
45
3
51
Q.1.1 By completing the table below and then applying the relevant formulae, determine the line of best fit for this bivariate data set.
Do NOT change the units for the variables.
X
y
X2
xy
Ex=
Ey=
EX2
EXY=
Q.1.2 Estimate the number of units of the good that would have been produced last month by an employee with 8 years of experience.
Q.1.3 Using your calculator, determine the coefficient of correlation for the data set.
Interpret your answer.
Q.1.4 Compute the coefficient of determination for the data set.
Interpret your answer.
Q.3.2 A sample of consumers was asked to name their favourite fruit. The results regarding the popularity of the different fruits are given in the following table.
Type of Fruit
Number of Consumers
Banana
25
Apple
20
Orange
5
TOTAL
50
Draw a bar chart to graphically illustrate the results given in the table.
Chapter 4 Solutions
Essentials Of Business Analytics
Ch. 4 - Bicycling World, a magazine devoted to cycling,...Ch. 4 - In a manufacturing process the assembly line speed...Ch. 4 - Jensen Tire Auto is deciding whether to purchase...Ch. 4 - A sociologist was hired by a large city hospital...Ch. 4 - The regional transit authority for a major...Ch. 4 - A marketing professor at Givens College is...Ch. 4 - The Dow Jones Industrial Average (DJIA) and the...Ch. 4 - The Toyota Camry is one of the best-selling cars...Ch. 4 - Dixie Showtime Movie Theaters, Inc., owns and...Ch. 4 - Prob. 10P
Ch. 4 - The American Association of Individual Investors...Ch. 4 - The National Football League (NFL) records a...Ch. 4 - Johnson Filtration. Inc., provides maintenance...Ch. 4 - A study investigated the relationship between...Ch. 4 - The U.S. Department of Energys Fuel Economy Guide...Ch. 4 - A highway department is studying the relationship...Ch. 4 - A sample containing years to maturity and...Ch. 4 - In 2011, home prices and mortgage rates fell so...Ch. 4 - A recent 10-year study conducted by a research...Ch. 4 - The Scholastic Aptitude Test (or SAT) is a...Ch. 4 - Consider again the example introduced in Section...Ch. 4 - Alumni donations are an important source of...
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