Concept explainers
In considering medical insurance for a certain operation, let X equal the amount (in dollars) paid for the doctor and let Y equal the amount paid to the hosp ital. In the past, the variances have been
Due to increased expenses, it was decided to increase the doctor’s fee by $500 and increase the hospital charge Y by 8%. Calculate the variance of
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Probability And Statistical Inference (10th Edition)
- Find the mean hourly cost when the cell phone described above is used for 240 minutes.arrow_forwardFor 50 students of a class the regression equation of marks in Statistics (X) on the marks in Accountancy (Y) is 3Y – 5 X + 180 = 0. The mean marks of Accountancy is 44 and variance of marks in Statistics is 9/16th of the variance of marks in Accountancy. Find the mean marks of Statistics and the coefficient of correlation between marks in two subjects.arrow_forward1 The menu at a café is shown below. Main coursе Dessert Fish and Chips $3 Ice Cream $1 Apple Pie Sponge Pudding Spaghetti $3.50 $1.50 Pizza $4 $2 Steak and Chips $5.50 The owner of the café says that all the main-course dishes sell equally well, as do all the desserts, and that customers' choice of dessert is not influenced by the main course they have just eaten.arrow_forward
- Is all variation necessarily numerical?arrow_forwardThe cost of a week long vacation in a city has a mean of 1000 and a variance of 1200. The city imposes a tax which will raise all tourism related costs by 10%. Find the coefficient of variation for the cost of a week long vacation in this city after the tax is imposed.arrow_forwardThe following table was generated from the sample data of 1010 junior high students regarding the average number of hours they are unsupervised per night, the average number of hours they play video games per night, and their final grades in their math class. The dependent variable is the final grade, the first independent variable (x1x1) is the number of hours unsupervised each night, and the second independent variable (x2x2) is the number of hours of video games each night. Coefficients Standard Error t-Stat p-value Intercept 64.49590764.495907 5.9533305.953330 10.83358510.833585 0.0000370.000037 Hours Unsupervised −0.974079−0.974079 1.1097971.109797 −0.877709−0.877709 0.4138620.413862 Hours Playing Video Games 4.9768084.976808 1.0636721.063672 4.6788924.678892 0.0034000.003400 Step 1 of 2: Write the multiple regression equation for the computer output given. Round your answers to three decimal places. Step 2 of 2: Indicate if any of the independent variables…arrow_forward
- The following table was generated from the sample data of 1010 junior high students regarding the average number of hours they are unsupervised per night, the average number of hours they play video games per night, and their final grades in their math class. The dependent variable is the final grade, the first independent variable (x1x1) is the number of hours unsupervised each night, and the second independent variable (x2x2) is the number of hours of video games each night. Coefficients Standard Error t-Stat p-value Intercept 57.968435 7.227955 8.020032 0.000201 Hours Unsupervised 5.131630 1.314283 3.904510 0.007943 Hours Playing Video Games 1.067855 1.615039 0.661194 0.533040 Indicate if any of the independent variables could be eliminated at thearrow_forwardThe following table was generated from the sample data of 1010 junior high students regarding the average number of hours they are unsupervised per night, the average number of hours they play video games per night, and their final grades in their math class. The dependent variable is the final grade, the first independent variable (x1x1) is the number of hours unsupervised each night, and the second independent variable (x2x2) is the number of hours of video games each night. Coefficients Standard Error t-Stat p-value Intercept 57.968435 7.227955 8.020032 0.000201 Hours Unsupervised 5.131630 1.314283 3.904510 0.007943 Hours Playing Video Games 1.067855 1.615039 0.661194 0.533040 Write the multiple regression equation for the computer output given. Round your answers to three decimal places.arrow_forwardThe following table was generated from the sample data of 1010 junior high students regarding the average number of hours they are unsupervised per night, the average number of hours they play video games per night, and their final grades in their math class. The dependent variable is the final grade, the first independent variable (x1x1) is the number of hours unsupervised each night, and the second independent variable (x2x2) is the number of hours of video games each night. Intercept 64.821745 4.918050 13.180375 0.000012 Hours Unsupervised -1.691108 1.396989 -1.210538 0.271590 Hours Playing Video Games 6.796882 1.515248 4.485657 0.004167 Step 1 of 2: Write the multiple regression equation for the computer output given. Round your answers to three decimal places. Step 2 of 2: Indicate if any of the independent variables could be eliminated at the 0.050.05 level of significance.arrow_forward
- A firm purchases two types of industrial chemicals. Type I chemical costs $3 per gallon, whereas type II costs $5 per gallon. The mean and variance for the number of gallons of type I chemical purchased, Y,, are 40 and 4, respectively. The amount of type II chemical purchased, Y2, has E(Y2) = 65 gallons and V(Y2) = 8. Assume that Y, and Y2 are independent and find the mean and variance of the total amount of money spent per week on the two chemicals.arrow_forwardIf the average of z and 5z is 30, what is the value of a?arrow_forwardThe following table was generated from the sample data of 10 junior high students regarding the average number of hours they are unsupervised per night, the average number of hours they play video games per night, and their final grades in their math class. The dependent variable is the final grade, the first independent variable (x1) is the number of hours unsupervised each night, and the second independent variable (x2) is the number of hours of video games each night. Coefficients Standard Error t-Stat p-value Intercept 62.711817 4.607133 13.611896 0.000010 Hours Unsupervised 0.635048 0.915495 0.693666 0.513836 Hours Playing Video Games 7.528738 1.296727 5.805955 0.001145 Copy Data Step 1 of 2: Write the multiple regression equation for the computer output given. Round your answers to three decimal places. Answer 田 Tables 国 Keypad How to enter your answer (opens in new window) Keyboard Shortcuts X +arrow_forward
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