Understandable Statistics: Concepts and Methods
Understandable Statistics: Concepts and Methods
12th Edition
ISBN: 9781337119917
Author: Charles Henry Brase, Corrinne Pellillo Brase
Publisher: Cengage Learning
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Chapter 9.4, Problem 5P

(a)

To determine

Find the mean for x1.

Find the mean for x2.

Find the mean for x3.

Find the mean for x4.

Find the standard deviation for x1.

Find the standard deviation for x2.

Find the standard deviation for x3.

Find the standard deviation for x4.

Find the coefficient of variation for x1.

Find the coefficient of variation for x2.

Find the coefficient of variation for x3.

Find the coefficient of variation for x4.

Find the variable that has the largest spread of data values relative to its mean.

Explain why the variable that has large coefficient of variation could be expected to change a lot relative to its average value.

Explain why variable x1 has the smallest coefficient of variation even when it has largest standard deviation with the help of mean.

(b)

To determine

Find the sample correlation coefficient r for each pair of variables.

Find the coefficient of determination r2 for each pair of variables.

Find the variable (other than x1) that has the least influence on box office receipts on x1.

Find the percent of the variation in box office receipts can be attributed to the corresponding variation in production costs.

(c)

To determine

Find the percentage of the variation in x1 can be explained by the corresponding variations in x2, x3 and x4 taken together.

(d)

To determine

Find the regression equation.

Find the expected for the corresponding change in x1 (box office receipts) if x2 (production costs) and x4 (book sales) were held fixed but x3 (promotional costs) was increased by $1 million.

(e)

To determine

Test whether the coefficient of x2 is different from zero or not.

Test whether the coefficient of x3 is different from zero or not.

Test whether the coefficient of x4 is different from zero or not.

Explain why book sales x4 probably are not contributing much information in the regression model to forecast box office receipts x1.

(f)

To determine

Find a 90% confidence interval for the coefficient x2.

Find a 90% confidence interval for the coefficient x3.

Find a 90% confidence interval for the coefficient x4.

(g)

To determine

Find the predicted value for first-year box office receipts when production costs were x2=11.4 million, promotion costs were x3=4.7 million and book sales were x4=8.1 million.

Find the 85% confidence range for the predicted value for first-year box office receipts when production costs were x2=11.4 million, promotion costs were x3=4.7 million and book sales were x4=8.1 million.

(h)

To determine

Find the regression model with x3 as the response variable and x1, x2, and x4 as explanatory variables.

Find the predicted value for budgeted for promotion costs when projected box office sales x1=100 million; production costs were x2=12 million and book sales were x4=9.2 million.

Find the 85% confidence range for the predicted value for budgeted for promotion costs when projected box office sales x1=100 million; production costs were x2=12 million and book sales were x4=9.2 million.

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Chapter 9 Solutions

Understandable Statistics: Concepts and Methods

Ch. 9.1 - Prob. 11PCh. 9.1 - Prob. 12PCh. 9.1 - Prob. 13PCh. 9.1 - Health Insurance: Administrative Cost The...Ch. 9.1 - Prob. 15PCh. 9.1 - Geology: Earthquakes Is the magnitude of an...Ch. 9.1 - Prob. 17PCh. 9.1 - Prob. 18PCh. 9.1 - Prob. 19PCh. 9.1 - Prob. 20PCh. 9.1 - Prob. 21PCh. 9.1 - Prob. 22PCh. 9.1 - Prob. 23PCh. 9.1 - Prob. 24PCh. 9.2 - Statistical Literacy In the least-squares line...Ch. 9.2 - Prob. 2PCh. 9.2 - Critical Thinking When we use a least-squares line...Ch. 9.2 - Prob. 4PCh. 9.2 - Prob. 5PCh. 9.2 - Critical Thinking: Interpreting Computer Printouts...Ch. 9.2 - Prob. 7PCh. 9.2 - For Problems 718, please do the following. (a)...Ch. 9.2 - Prob. 9PCh. 9.2 - For Problems 718, please do the following. (a)...Ch. 9.2 - Prob. 11PCh. 9.2 - Prob. 12PCh. 9.2 - For Problems 718, please do the following. (a)...Ch. 9.2 - Prob. 14PCh. 9.2 - Prob. 15PCh. 9.2 - For Problems 718, please do the following. (a)...Ch. 9.2 - Prob. 17PCh. 9.2 - Prob. 18PCh. 9.2 - Prob. 19PCh. 9.2 - Residual Plot: Miles per Gallon Consider the data...Ch. 9.2 - Prob. 21PCh. 9.2 - Prob. 22PCh. 9.2 - Prob. 23PCh. 9.2 - Prob. 24PCh. 9.2 - Prob. 25PCh. 9.3 - Prob. 1PCh. 9.3 - Prob. 2PCh. 9.3 - Prob. 3PCh. 9.3 - Prob. 4PCh. 9.3 - Prob. 5PCh. 9.3 - Prob. 6PCh. 9.3 - Prob. 7PCh. 9.3 - In Problems 712, parts (a) and (b) relate to...Ch. 9.3 - Prob. 9PCh. 9.3 - Prob. 10PCh. 9.3 - In Problems 712, parts (a) and (b) relate to...Ch. 9.3 - Prob. 12PCh. 9.3 - Prob. 13PCh. 9.3 - Prob. 14PCh. 9.3 - Prob. 15PCh. 9.3 - Expand Your Knowledge: Time Series and Serial...Ch. 9.3 - Prob. 17PCh. 9.4 - Statistical Literacy Given the linear regression...Ch. 9.4 - Prob. 2PCh. 9.4 - For Problems 3-6, use appropriate multiple...Ch. 9.4 - For Problems 3-6, use appropriate multiple...Ch. 9.4 - Prob. 5PCh. 9.4 - Prob. 6PCh. 9 - Prob. 1CRPCh. 9 - Prob. 2CRPCh. 9 - Prob. 3CRPCh. 9 - Prob. 4CRPCh. 9 - Prob. 5CRPCh. 9 - Prob. 6CRPCh. 9 - Prob. 7CRPCh. 9 - Prob. 8CRPCh. 9 - Prob. 9CRPCh. 9 - Prob. 10CRPCh. 9 - Prob. 1DHCh. 9 - Prob. 1LCCh. 9 - Prob. 1UTCh. 9 - Prob. 2UTCh. 9 - Prob. 3UTCh. 9 - Prob. 4UTCh. 9 - Prob. 5UTCh. 9 - Prob. 6UTCh. 9 - Prob. 7UTCh. 9 - In Problems 16, please use the following steps (i)...Ch. 9 - Prob. 2CURPCh. 9 - Prob. 3CURPCh. 9 - Prob. 4CURPCh. 9 - Prob. 5CURPCh. 9 - Prob. 6CURPCh. 9 - Prob. 8CURPCh. 9 - Linear Regression: Blood Glucose Let x be a random...
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