Statistics
4th Edition
ISBN: 9780393929720
Author: David Freedman, Robert Pisani, Roger Purves
Publisher: Norton, W. W. & Company, Inc.
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Chapter 4.3, Problem 1EB
a.
To determine
Find the average for given Figure.
b.
To determine
Find the average for given Figure.
c.
To determine
Find the average for given Figure.
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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 4 Solutions
Statistics
Ch. 4.2 - Prob. 1EACh. 4.2 - Prob. 2EACh. 4.2 - Prob. 3EACh. 4.2 - Prob. 4EACh. 4.2 - Prob. 5EACh. 4.2 - Prob. 6EACh. 4.2 - Prob. 7EACh. 4.2 - Prob. 8EACh. 4.2 - Prob. 9EACh. 4.3 - Prob. 1EB
Ch. 4.3 - Prob. 2EBCh. 4.3 - Prob. 3EBCh. 4.3 - Prob. 4EBCh. 4.3 - Prob. 5EBCh. 4.3 - Prob. 6EBCh. 4.4 - Prob. 1ECCh. 4.4 - Prob. 2ECCh. 4.4 - Prob. 3ECCh. 4.4 - Prob. 4ECCh. 4.4 - Prob. 5ECCh. 4.4 - Prob. 6ECCh. 4.5 - Prob. 1EDCh. 4.5 - Prob. 2EDCh. 4.5 - Prob. 3EDCh. 4.5 - Prob. 4EDCh. 4.5 - Prob. 5EDCh. 4.5 - Prob. 6EDCh. 4.5 - Prob. 7EDCh. 4.5 - Prob. 8EDCh. 4.5 - Prob. 9EDCh. 4.5 - Prob. 10EDCh. 4.6 - Prob. 1EECh. 4.6 - Prob. 2EECh. 4.6 - Prob. 3EECh. 4.6 - Prob. 4EECh. 4.6 - Prob. 5EECh. 4.6 - Prob. 6EECh. 4.6 - Prob. 7EECh. 4.6 - Prob. 8EECh. 4.6 - Prob. 9EECh. 4.6 - Prob. 10EECh. 4.6 - Prob. 11EECh. 4.6 - Prob. 12EECh. 4.8 - Prob. 1RECh. 4.8 - Prob. 2RECh. 4.8 - Prob. 3RECh. 4.8 - Prob. 4RECh. 4.8 - Prob. 5RECh. 4.8 - Prob. 6RECh. 4.8 - Prob. 7RECh. 4.8 - Prob. 8RECh. 4.8 - Prob. 9RECh. 4.8 - Prob. 10RECh. 4.8 - Prob. 11RECh. 4.8 - Prob. 12RE
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