
Concept explainers
Critical Thinking: Interpreting Computer Printouts Refer to the description of a computer display for regression described in Problem 5. The following Minitab display gives information regarding the relationship between the body weight of a child (in kilograms) and the metabolic rate of the child (in 100 kcal/24 hr). The data are based on information from The Merck Manual (a commonly used reference in medical schools and nursing programs).
Predictor | Coef | SE Coef | T | P |
Constant | 0.8565 | 0.4148 | 2.06 | 0.084 |
Weight | 0.40248 | 0.02978 | 13.52 | 0.000 |
s = 0.517508 R-Sq = 96.8%
(a) Write out the least-squares equation.
(b) For each 1-kilogram increase in weight, how much does the metabolic rate of a child increase?
(c) What is the value of the sample
(d) Interpretation What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? What percentage is unexplained?
For Problems 7-18, please do the following.
(a) Draw a
(b) Verify the given sums
(c) Find
(d) Graph the least-squares line on your scatter diagram. Be sure to use the point
(e) Interpretation Find the value of the coefficient of determination
Answers may vary slightly due to rounding.

Trending nowThis is a popular solution!

Chapter 4 Solutions
Student Solutions Manual for Brase/Brase's Understanding Basic Statistics, 7th
- If the average price of a new one family home is $246,300 with a standard deviation of $15,000 find the minimum and maximum prices of the houses that a contractor will build to satisfy 88% of the market valuearrow_forward21. ANALYSIS OF LAST DIGITS Heights of statistics students were obtained by the author as part of an experiment conducted for class. The last digits of those heights are listed below. Construct a frequency distribution with 10 classes. Based on the distribution, do the heights appear to be reported or actually measured? Does there appear to be a gap in the frequencies and, if so, how might that gap be explained? What do you know about the accuracy of the results? 3 4 555 0 0 0 0 0 0 0 0 0 1 1 23 3 5 5 5 5 5 5 5 5 5 5 5 5 6 6 8 8 8 9arrow_forwardA side view of a recycling bin lid is diagramed below where two panels come together at a right angle. 45 in 24 in Width? — Given this information, how wide is the recycling bin in inches?arrow_forward
- 1 No. 2 3 4 Binomial Prob. X n P Answer 5 6 4 7 8 9 10 12345678 8 3 4 2 2552 10 0.7 0.233 0.3 0.132 7 0.6 0.290 20 0.02 0.053 150 1000 0.15 0.035 8 7 10 0.7 0.383 11 9 3 5 0.3 0.132 12 10 4 7 0.6 0.290 13 Poisson Probability 14 X lambda Answer 18 4 19 20 21 22 23 9 15 16 17 3 1234567829 3 2 0.180 2 1.5 0.251 12 10 0.095 5 3 0.101 7 4 0.060 3 2 0.180 2 1.5 0.251 24 10 12 10 0.095arrow_forwardstep by step on Microssoft on how to put this in excel and the answers please Find binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forward
- Faye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forwardQuestion 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forward
- Question 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forwardQuestion 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forward
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning




