Linear Relations
Which relationships are linear? a) Quantity Profit 0 $0 1 $1,500 4 $6,000 9 $13,500 b) Quantity Metal Used 0 0 oz 1 8 oz 2 18 oz 3 26 oz c) Quantity Fixed Expenses 0 $3,000 1 $3,000 3 $3,000 5 $3,000
Which relationships are linear? a) Quantity Profit 0 $0 1 $1,500 4 $6,000 9 $13,500 b) Quantity Metal Used 0 0 oz 1 8 oz 2 18 oz 3 26 oz c) Quantity Fixed Expenses 0 $3,000 1 $3,000 3 $3,000 5 $3,000
Need to come up with a regression model to forecast monthly sales of cold beverages for the next year. What variables might be included in the model? Please explain regression model(s) and the reason for the variables for the model.
Attached is my paper using linear regression. I need to understand the part with the residuals scatterplot -- how do the standardized predicted values against the studentized residuals differ or are the same? How is that an indicator of homoscedasticity? Also, is my 95% CI correct? Are the numbers correct? Did I explain
The following data is given: TYPE OF ADVERTISING MY COST MY INCOME Local Newspaper $120 $1,100 "Thrifty Dime" $25 $600 Church Bulletins $40 $500 Flyers $60 $800 "Cheese Cake Man" $80 $1,000 Usi
A. Determine the standard error of estimate. B. Suppose a large sample is selected (instead of just 10). About 95 percent of the predictions regarding sales would occur between what two values? Exercise 14: Number of Sales Number of Sales Contacts, ($ thousands),
Question One. A researcher is interested in determining the effect of after-school programs on adolescent delinquency. He asks a small sample of students how many activities they participate in and he asks how many delinquent acts they have committed since the school year has begun. His data are below. Calculate the linear r
The following data come from statehelthfacts.org. The states were chosen somewhat randomly by me. State Percentage who smoke Cancer incidence per 100,000 (age-adjusted) Kentucky 27.4% 498.2 Pennsylvania 22.6%
Hanna Properties specializes in custom-home resales in the Equestrian Estates, an exclusive subdivision in Phoenix, Arizona. A random sample of nine custom homes currently listed for sale provided the following information on size and price. Here, x denotes size, in hundreds of square feet, rounded to the nearest hundred, and y
(See attached file for full problem description) An economist is interested to see how consumption for an economy (in billions) is influenced by gross domestic product (billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below. SUMMARY OUTPUT Regre
Choose the best answer. Highlight the cell of the correct answer using the yellow fill color. [like this] 1 A bar soap manufacturer is conducting an experiment to determine how people react to 3 different brand names. Each brand name represents a(n) ___________ of the experimental
You are given the following set of data: Year NYSE Stock X 1 -26.5% -14.0% 2 37.2% 23.0 % 3 23.8% 17.5% 4 -7.2% 2.0% 5 6.6% 8.1% 6 20.5% 19.4% 7 30.6% 18.2% A) Use spreadsheet or a calculator with a linear regression to determine Stock X's beta coefficient B) Determine the arithmetic average rate
Using Excel, solve the following: Carpet City wants to develop a means to forecast its carpet sales. The store manager believes that the store's sales are directly related to the number of new housing starts in town. The manager has gathered data from county records on monthly house construction permits and from store recor
Theory of regression: How does regression relate to linear algebra? Regression terms and symbols: What is the difference between strong negative and strong positive? Practical examples of regression analysis: When would you use regression correlation at a place of employment, or in education, or in politics? Interpre
Sales date for two years are as follows. Data are aggregated with two months of sales in each period. (see chart in attached file) a. Plot the data b. Fit a simple linear regression model to the sales data. c. Using the results from parts a and b, prepare a forecast for the next year.
Determine the values for S o and g for continuous compounding. (See attached file for full problem description)
The following data about share prices for companies of different sizes is given: Size X Price Share Y 1 9 10.8 2 94.4 11.3 3 27.3 11.2 4 179.2 11.1 5 71.9 11.1 6 97.9 11.2 7 93.5 11 8 70 10.7 9 160.7 11.3 10 96.5 10.6 11 83 10.5 12 23.5 10.3 13 58.7 10.7 14 93.8 11 15 34.4 10.8 a. Calculate the regressio
The national highway association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project. Of particular interest is whether the number of bidders increase or decrease the amount of the winning bid. See attachment for the data. a. Determine the regression equ
The data below record, for a sample of 10 firms, the number of staff employed in Research and Development (X), and annual profits in millions of pounds (Y). X: [0,16,10,1,5,7,11,13,9,4] Y: [12,60,30,11,15,18,32,45,25,14] (a) Perform a linear regression of profits on R&D staff, and hence predict (giving confidence interval
Linear Regression and Correlation Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size of the offering and the price per share. A sample of 15 companies that recently went public revealed the following information. (see the attached c
Refer to the Schools data, which includes information on the 94 school districts in northwestern Ohio. Let the independent variable be the percent of families on welfare in the school district and the number of students in the district be the dependent variable. 1. Determine the regression equation. Comment on the values yo
The following sample observations were randomly selected. X:5 3 6 3 4 4 6 8 Y:13 15 7 12 13 11 9 5 Determine the coefficient of correlation and the coefficient of determination. Interpret the association between X and Y
A. Determine the regression equation. b. Determine the estimated sales if 40 contacts are made. X Y 14 24 12 14 20 28 16 30 46 80 23 30 48 90 50 85 55 120 50 110 c. Determine the standard error of estimate. d. Suppose a large sample is selected (instead of just 10). About 95 percent of the predictions r
1. Determine how much coal to purchase from each of the mining companies and how it should be allocated to the generating units. What is the cost to purchase, deliver, and process the coal? 2. Compute the average cost of coal in cents per million BTUs for each generating unit (a measure of the cost of fuel for the generating un
Linear Regression Help.. Using the attached excel spreadsheet (database) Develop a Linear Regression model using intrinsic job satisfaction and extrinsic job satisfaction. Intrinsic will be the dependent variable and extrinsic the independent. Comment on the analysis (Rsq, Rsq adj, etc.). Provide not only the output of the
A study of average hourly earnings in manufacturing is made. The results are: Year Earnings 1976 5.22 1977 5.68 1978 6.17 1979 6.7 1980 7.27 1981 7.99 1982 8.49 1983 8.83 1984 9.23 a. Using the least squares coded method, determine the equation for the straight line going through the
In fitting a least squares line to n=15 data points, the following quantities were computed: SSxx=55, SSyy=198, SSxy=-88, x-bar=1.3, and y-bar=35. a.) Find the least squares line. b.) Describe the graph of the least squares line. c.) Calculate SSE d.) Calculate s^2.
As a supervisor of a production department, you must decide the daily production totals of a certain product that has 2 models, the deluxe and the special. The profit on the deluxe model is $12 per unit and the profit on the special model is $10 per unit. Each model goes through two phases in the production process, and th
Answer each question in order. Write the number of the question and answer all parts thoroughly. Use complete sentences and show all required work. Project for Unit 1 Infant Mortality Data - Linear Regression Lines Show All Work The following table shows the mortality rates (in deaths per 1000 live births) for male
A. How is correlation analysis used in a business decision? b. How can correlation analysis be misused to explain cause and effect relationship? c. How is coefficient of determination used to make decisions? d. What is the standard error of estimate? Describe with an example. e. What are the coefficients of the linea
Question 1 Assume that a sample of n pairs of data results in the given value of r. For alpha equal .05, determine if there is a significant linear relationship between x and y. Let n = 22, r = -0.087. Question 2 Assume that a sample of n pairs of data results in the given value of r. For alpha equal .05, determine if