Statistics: Informed Decisions Using Data; Student Solutions Manual; My StatLab Glue-in Access Card; Sticker for Glue-In Packages (5th Edition)
5th Edition
ISBN: 9780134647791
Author: Michael Sullivan III
Publisher: PEARSON
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Chapter 4, Problem 5CT
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Whether the variables provided have linear relationship or not.
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You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below.
please do it step by step on excel
Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship.
Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship.
Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size).
Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple…
Here is data with as the response variable.
x y54.4 19.124.9 99.334.5 9.476.6 0.359.4 4.554.4 0.139.2 56.354 15.773.8 9-156.1 319.2Make a scatter plot of this data. Which point is an outlier? Enter as an ordered pair, e.g., (x,y). (x,y)=
Find the regression equation for the data set without the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_wo=
Find the regression equation for the data set with the outlier. Enter the equation of the form mx+b rounded to three decimal places. y_w=
Chapter 4 Solutions
Statistics: Informed Decisions Using Data; Student Solutions Manual; My StatLab Glue-in Access Card; Sticker for Glue-In Packages (5th Edition)
Ch. 4.1 - 1. What is the difference between univariate data...Ch. 4.1 - Prob. 2AYUCh. 4.1 - Prob. 3AYUCh. 4.1 - 4. What does it mean to say two variables are...Ch. 4.1 - Prob. 5AYUCh. 4.1 - 6. True or False: If the linear correlation...Ch. 4.1 - 7. A ______ variable is a variable that is related...Ch. 4.1 - Prob. 8AYUCh. 4.1 - Prob. 9AYUCh. 4.1 - Prob. 10AYU
Ch. 4.1 - Prob. 11AYUCh. 4.1 - Prob. 12AYUCh. 4.1 - 13. Match the linear correlation coefficient to...Ch. 4.1 - 14. Match the linear correlation coefficient to...Ch. 4.1 - Prob. 15AYUCh. 4.1 - 16. Relation between Education and Birthrate? The...Ch. 4.1 - Prob. 17AYUCh. 4.1 - Prob. 18AYUCh. 4.1 - Prob. 19AYUCh. 4.1 - Prob. 20AYUCh. 4.1 - 21. Name the Relation, Part I For each of the...Ch. 4.1 - 22. Name the Relation, Part II For each of the...Ch. 4.1 - Prob. 23AYUCh. 4.1 - Prob. 24AYUCh. 4.1 - Prob. 25AYUCh. 4.1 - Prob. 26AYUCh. 4.1 - Prob. 27AYUCh. 4.1 - 28. American Black Bears The American black bear...Ch. 4.1 - Prob. 29AYUCh. 4.1 - Prob. 30AYUCh. 4.1 - Prob. 31AYUCh. 4.1 - Prob. 32AYUCh. 4.1 - Prob. 33AYUCh. 4.1 - Prob. 34AYUCh. 4.1 - Prob. 35AYUCh. 4.1 - 36. American Black Bears The website that...Ch. 4.1 - Prob. 37AYUCh. 4.1 - 38. Predicting Winning Percentage The ultimate...Ch. 4.1 - Prob. 39AYUCh. 4.1 - 40. Lyme Disease versus Drownings Lyme disease is...Ch. 4.1 - Prob. 41AYUCh. 4.1 - 42. Obesity In a study published in the Journal of...Ch. 4.1 - Prob. 43AYUCh. 4.1 - Prob. 44AYUCh. 4.1 - Prob. 45AYUCh. 4.1 - Prob. 46AYUCh. 4.1 - Prob. 47AYUCh. 4.1 - Prob. 48AYUCh. 4.1 - Prob. 49AYUCh. 4.1 - Prob. 50AYUCh. 4.1 - Prob. 51AYUCh. 4.1 - 52. Write a paragraph that explains the concept of...Ch. 4.1 - Prob. 53AYUCh. 4.1 - Prob. 54AYUCh. 4.1 - Prob. 55AYUCh. 4.1 - Prob. 56AYUCh. 4.2 - 1. The difference between the observed and...Ch. 4.2 - 2. If the linear correlation between two variables...Ch. 4.2 - 3. True or False: The least-squares regression...Ch. 4.2 - 4. If the linear correlation coefficient is 0,...Ch. 4.2 - Prob. 5AYUCh. 4.2 - 6. For the data...Ch. 4.2 -
In Problems 7–12:
(a) By hand, draw a scatter...Ch. 4.2 - Prob. 8AYUCh. 4.2 - In Problems 7–12:
(a) By hand, draw a scatter...Ch. 4.2 - Prob. 10AYUCh. 4.2 - In Problems 7–12:
(a) By hand, draw a scatter...Ch. 4.2 - In Problems 7–12:
(a) By hand, draw a scatter...Ch. 4.2 - Prob. 13AYUCh. 4.2 - Prob. 14AYUCh. 4.2 - 15. Age Gap at Marriage Is there a relation...Ch. 4.2 - 16. You Explain It! CO2 and Energy Production The...Ch. 4.2 - Prob. 17AYUCh. 4.2 - Problems 17–22 use the results from Problems 25–30...Ch. 4.2 - Prob. 19AYUCh. 4.2 - Problems 17–22 use the results from Problems 25–30...Ch. 4.2 - Prob. 21AYUCh. 4.2 - Prob. 22AYUCh. 4.2 - Prob. 23AYUCh. 4.2 - 24. Attending Class The following data represent...Ch. 4.2 - Prob. 25AYUCh. 4.2 - Prob. 26AYUCh. 4.2 - Prob. 27AYUCh. 4.2 - 28. Graduation Rates Go to...Ch. 4.2 - Prob. 29AYUCh. 4.2 - 30. Putting It Together: Smoking and Birth Weight...Ch. 4.2 - Prob. 31AYUCh. 4.2 - 32. Explain the phrase outside the scope of the...Ch. 4.2 - Prob. 33AYUCh. 4.2 - Prob. 34AYUCh. 4.2 - Prob. 35AYUCh. 4.3 - 1. The ___ ___ ___, R2, measures the proportion of...Ch. 4.3 - Prob. 2AYUCh. 4.3 - 3. A _____ _____ is a scatter diagram with the...Ch. 4.3 - 4. What is an influential observation?
Ch. 4.3 - Prob. 5AYUCh. 4.3 - In Problems 5–8, analyze the residual plots and...Ch. 4.3 - Prob. 7AYUCh. 4.3 - Prob. 8AYUCh. 4.3 - Prob. 9AYUCh. 4.3 - Prob. 10AYUCh. 4.3 - Prob. 11AYUCh. 4.3 - Prob. 12AYUCh. 4.3 - Prob. 13AYUCh. 4.3 - Prob. 14AYUCh. 4.3 - Prob. 15AYUCh. 4.3 - Prob. 16AYUCh. 4.3 - Prob. 17AYUCh. 4.3 - Prob. 18AYUCh. 4.3 - Prob. 19AYUCh. 4.3 - Prob. 20AYUCh. 4.3 - Prob. 21AYUCh. 4.3 - Problems 19–24 use the results from Problems 25–30...Ch. 4.3 - Prob. 23AYUCh. 4.3 - Prob. 24AYUCh. 4.3 - Prob. 25AYUCh. 4.3 - Prob. 26AYUCh. 4.3 - Prob. 27AYUCh. 4.3 - Prob. 28AYUCh. 4.3 - Prob. 29AYUCh. 4.3 - Prob. 30AYUCh. 4.3 - 31. Putting It Together: A Tornado Model Is the...Ch. 4.3 - Prob. 32AYUCh. 4.3 - Prob. 33AYUCh. 4.4 - 1. What is meant by a marginal distribution? What...Ch. 4.4 - Prob. 2AYUCh. 4.4 - Prob. 3AYUCh. 4.4 - Prob. 4AYUCh. 4.4 - In Problems 5 and 6,
(a) Construct a frequency...Ch. 4.4 - Prob. 6AYUCh. 4.4 - 7. Made in America In a recent Harris Poll, a...Ch. 4.4 - Prob. 8AYUCh. 4.4 - 9. Party Affiliation Is there an association...Ch. 4.4 - 10. Feelings on Abortion The Pew Research Center...Ch. 4.4 - 11. Health and Happiness The General Social Survey...Ch. 4.4 - Prob. 12AYUCh. 4.4 - 13. Smoking Is Healthy? Could it be that smoking...Ch. 4.4 - Prob. 14AYUCh. 4.4 - Prob. 15AYUCh. 4 - Prob. 1RECh. 4 - 2. Fat and Calories in Cheeseburgers A...Ch. 4 - Prob. 3RECh. 4 - 4. Using the data and results from Problem 2, do...Ch. 4 - Prob. 5RECh. 4 - Prob. 6RECh. 4 - Prob. 7RECh. 4 - Prob. 8RECh. 4 - Prob. 9RECh. 4 - 10. Use the results from Problems 2 and 4 for the...Ch. 4 - Prob. 11RECh. 4 - Prob. 12RECh. 4 - 13. Depreciation The following data represent the...Ch. 4 - Prob. 14RECh. 4 - Prob. 15RECh. 4 - Prob. 16RECh. 4 - Prob. 17RECh. 4 - Prob. 18RECh. 4 - Prob. 19RECh. 4 - Prob. 1CTCh. 4 - Prob. 2CTCh. 4 - Prob. 3CTCh. 4 - Prob. 4CTCh. 4 - Prob. 5CTCh. 4 - Prob. 6CTCh. 4 - Prob. 7CTCh. 4 - Prob. 8CTCh. 4 - Prob. 9CTCh. 4 - Prob. 10CTCh. 4 - Prob. 11CTCh. 4 - Prob. 1CSCh. 4 - Prob. 2CSCh. 4 - Prob. 3CSCh. 4 - 4. Determine the number of acres of farmland A in...Ch. 4 - Prob. 5CSCh. 4 - Prob. 6CS
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- You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. please do it step by step Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear…arrow_forwardExercises: Find all the whole number solutions of the congruence equation. 1. 3x 8 mod 11 2. 2x+3= 8 mod 12 3. 3x+12= 7 mod 10 4. 4x+6= 5 mod 8 5. 5x+3= 8 mod 12arrow_forwardScenario Sales of products by color follow a peculiar, but predictable, pattern that determines how many units will sell in any given year. This pattern is shown below Product Color 1995 1996 1997 Red 28 42 21 1998 23 1999 29 2000 2001 2002 Unit Sales 2003 2004 15 8 4 2 1 2005 2006 discontinued Green 26 39 20 22 28 14 7 4 2 White 43 65 33 36 45 23 12 Brown 58 87 44 48 60 Yellow 37 56 28 31 Black 28 42 21 Orange 19 29 Purple Total 28 42 21 49 68 78 95 123 176 181 164 127 24 179 Questions A) Which color will sell the most units in 2007? B) Which color will sell the most units combined in the 2007 to 2009 period? Please show all your analysis, leave formulas in cells, and specify any assumptions you make.arrow_forward
- One hundred students were surveyed about their preference between dogs and cats. The following two-way table displays data for the sample of students who responded to the survey. Preference Male Female TOTAL Prefers dogs \[36\] \[20\] \[56\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] problem 1 Find the probability that a randomly selected student prefers dogs.Enter your answer as a fraction or decimal. \[P\left(\text{prefers dogs}\right)=\] Incorrect Check Hide explanation Preference Male Female TOTAL Prefers dogs \[\blueD{36}\] \[\blueD{20}\] \[\blueE{56}\] Prefers cats \[10\] \[26\] \[36\] No preference \[2\] \[6\] \[8\] TOTAL \[48\] \[52\] \[100\] There were \[\blueE{56}\] students in the sample who preferred dogs out of \[100\] total students.arrow_forwardBusiness discussarrow_forwardYou have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below. Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…arrow_forward
- Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. How to take snapshots: if you use a MacBook, press Command+ Shift+4 to take snapshots. If you are using Windows, use the Snipping Tool to take snapshots. Question 1: Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Value of correlation coefficient: Direction of the relationship (positive, negative, or zero relationship): Strength of the relationship (strong/moderate/weak): Question 2: Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size. (The answer for the…arrow_forwardIn this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0 given (under the measure P) by d.St 0.03 St dt + 0.2 St dwt, with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to price an option on this stock (which we name cubic put). This option is European-type, with maturity 3 months (i.e. T = 0.25 years), and payoff given by F = (8-5)+ (a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure Q. (You don't need to prove it, simply give the answer.) (b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2. (c) Let X = S. Find the Stochastic Differential Equation satisfied by the process (Xt) under the measure Q. (d) Find an explicit expression for X₁ = S3 under measure Q. (e) Using the results above, find the price of the cubic put option mentioned above. (f) Is the price in (e) the same as in question (b)? (Explain why.)arrow_forwardProblem 4. Margrabe formula and the Greeks (20 pts) In the homework, we determined the Margrabe formula for the price of an option allowing you to swap an x-stock for a y-stock at time T. For stocks with initial values xo, yo, common volatility σ and correlation p, the formula was given by Fo=yo (d+)-x0Þ(d_), where In (±² Ꭲ d+ õ√T and σ = σ√√√2(1 - p). дго (a) We want to determine a "Greek" for ỡ on the option: find a formula for θα (b) Is дго θα positive or negative? (c) We consider a situation in which the correlation p between the two stocks increases: what can you say about the price Fo? (d) Assume that yo< xo and p = 1. What is the price of the option?arrow_forward
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