EBK ELEMENTARY STATISTICS USING EXCEL
7th Edition
ISBN: 9780136937531
Author: Triola
Publisher: VST
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Chapter 5.2, Problem 33BSC
To determine
To calculate the
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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 5 Solutions
EBK ELEMENTARY STATISTICS USING EXCEL
Ch. 5.1 - Prob. 1BSCCh. 5.1 - 2. Discrete or Continuous? Is the random variable...Ch. 5.1 - 3. Probability Distribution For the accompanying...Ch. 5.1 - Prob. 4BSCCh. 5.1 - Prob. 5BSCCh. 5.1 - Prob. 6BSCCh. 5.1 - Prob. 7BSCCh. 5.1 - Prob. 8BSCCh. 5.1 - Prob. 9BSCCh. 5.1 - Prob. 10BSC
Ch. 5.1 - Prob. 11BSCCh. 5.1 - Prob. 12BSCCh. 5.1 - Prob. 13BSCCh. 5.1 - Prob. 14BSCCh. 5.1 - Prob. 15BSCCh. 5.1 - Prob. 16BSCCh. 5.1 - Prob. 17BSCCh. 5.1 - Prob. 18BSCCh. 5.1 - Prob. 19BSCCh. 5.1 - Prob. 20BSCCh. 5.1 - Prob. 21BSCCh. 5.1 - Prob. 22BSCCh. 5.1 - Prob. 23BSCCh. 5.1 - Prob. 24BSCCh. 5.1 - Prob. 25BSCCh. 5.1 - Prob. 26BSCCh. 5.1 - Prob. 27BSCCh. 5.1 - Prob. 28BSCCh. 5.1 - Prob. 29BBCh. 5.1 - Prob. 30BBCh. 5.1 - Prob. 31BBCh. 5.1 - Prob. 32BBCh. 5.2 - Prob. 1BSCCh. 5.2 - Prob. 2BSCCh. 5.2 - Prob. 3BSCCh. 5.2 - Prob. 4BSCCh. 5.2 - Prob. 5BSCCh. 5.2 - Prob. 6BSCCh. 5.2 - Prob. 7BSCCh. 5.2 - Prob. 8BSCCh. 5.2 - Prob. 9BSCCh. 5.2 - Prob. 10BSCCh. 5.2 - Prob. 11BSCCh. 5.2 - Prob. 12BSCCh. 5.2 - Prob. 13BSCCh. 5.2 - Prob. 14BSCCh. 5.2 - Prob. 15BSCCh. 5.2 - Prob. 16BSCCh. 5.2 - Prob. 17BSCCh. 5.2 - Prob. 18BSCCh. 5.2 - Prob. 19BSCCh. 5.2 - Prob. 20BSCCh. 5.2 - Prob. 21BSCCh. 5.2 - Prob. 22BSCCh. 5.2 - Prob. 23BSCCh. 5.2 - Prob. 24BSCCh. 5.2 - 25. Whitus v. Georgia In the classic legal case of...Ch. 5.2 - Prob. 26BSCCh. 5.2 - Prob. 27BSCCh. 5.2 - Prob. 28BSCCh. 5.2 - Prob. 29BSCCh. 5.2 - Prob. 30BSCCh. 5.2 - Prob. 31BSCCh. 5.2 - Prob. 32BSCCh. 5.2 - Prob. 33BSCCh. 5.2 - Prob. 34BSCCh. 5.2 - Prob. 35BSCCh. 5.2 - Prob. 36BSCCh. 5.2 - Prob. 38BSCCh. 5.2 - Prob. 39BSCCh. 5.2 - Prob. 40BSCCh. 5.2 - Prob. 41BBCh. 5.2 - Prob. 42BBCh. 5.2 - Prob. 43BBCh. 5.3 - Prob. 1BSCCh. 5.3 - Prob. 2BSCCh. 5.3 - Prob. 3BSCCh. 5.3 - Prob. 4BSCCh. 5.3 - Prob. 5BSCCh. 5.3 - Prob. 6BSCCh. 5.3 - Prob. 7BSCCh. 5.3 - Prob. 8BSCCh. 5.3 - Prob. 9BSCCh. 5.3 - Prob. 10BSCCh. 5.3 - 11. Radioactive Decay Radioactive atoms are...Ch. 5.3 - 12. Deaths from Horse Kicks A classical example of...Ch. 5.3 - 13. World War II Bombs In Exercise 1“Notation” we...Ch. 5.3 - Prob. 14BSCCh. 5.3 - Prob. 17BBCh. 5 - Prob. 1CQQCh. 5 - Prob. 2CQQCh. 5 - Prob. 3CQQCh. 5 - Prob. 4CQQCh. 5 - Prob. 5CQQCh. 5 - Prob. 6CQQCh. 5 - Prob. 7CQQCh. 5 - Prob. 8CQQCh. 5 - Prob. 9CQQCh. 5 - Prob. 10CQQCh. 5 - Prob. 1RECh. 5 - Prob. 2RECh. 5 - Prob. 3RECh. 5 - Prob. 4RECh. 5 - Prob. 5RECh. 5 - Prob. 6RECh. 5 - Prob. 7RECh. 5 - Prob. 8RECh. 5 - Prob. 9RECh. 5 - Prob. 10RECh. 5 - 1. Planets The planets of the solar system have...Ch. 5 - Prob. 2CRECh. 5 - Prob. 3CRECh. 5 - Prob. 4CRECh. 5 - Prob. 5CRECh. 5 - Prob. 6CRECh. 5 - Prob. 7CRECh. 5 - Prob. 8CRECh. 5 - Prob. 1EPCh. 5 - Prob. 1FDD
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