Thirty observations were used to estimate y 0 1 x 1 2 x 2 A portion of the regression results is shown in the accompanying table a What is the estimate for 1 Interpret this value b What is the sample regression equation c If x 1 30 and x 2 20, what is y Standard Error p value Coefficients t Stat In...

a The point estimate of 1 is b 1 30 As x 1 incre ...

Thirty observations were used to estimate y = 0 + 1 x 1 +

Question:

Thirty observations were used to estimate y = β₀ + β₁x₁ + β₂x₂ + ε. A portion of the regression results is shown in the accompanying table.

Standard Error p-value Coefficients t Stat Intercept 7.37 21.97 2.98 6.31E-08 2.23 X1 30.00 13.44 1.75E-13 -1.88 0.27 -6

a. What is the estimate for β1? Interpret this value.

b. What is the sample regression equation?

c. If x₁ = 30 and x₂ = 20, what is ŷ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

See More Books

Question Posted: May 08, 2019 09:50 AM

See More Questions

The following table lists a portion of Major League Baseballs (MLBs) leading pitchers, each pitchers salary (In $ millions), and earned run average (ERA) for 2008. a. Estimate the model: Salary = 0...
The accompanying table lists goodness-of-fit measures that were obtained when estimating the following simple linear regression model and multiple linear regression model: Which model provides a...
In a report, use the sample information to 1. Estimate and interpret CAPM: R Rf = 0 + 1 (RM Rf) + . Search for Apples reported Beta on the Web and compare it with your estimate. 2. At the 5%...
The trial balance of Terry manning Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data: 1. Store supplies on hand totaled $2,500. 2....
Stave Company invests $10,000,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates...
One kmol of an equimolar mixture of benzene and toluene is fed to a batch still containing three equivalent stages (including the boiler). The liquid reflux is at its bubble point, and L/D = 4. What...
A piece of cloth is discovered in a burial pit in the southwestern United States. A tiny sample of the cloth is burned to CO 2 , and the 14 C/ 12 C ratio is 0.250 times the ratio in todays...
(Entry for Retirement of Bond; Bond Issue Costs) On January 2, 2005, Prebish Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2014. Legal and other costs of $24,000 were incurred in...
Prove that f(xx, yy) = (i=1 (yy) (1/2) x) (i-1 (yy)(1/2)x}) where 1 and 2 refer to periods 1 and 2 respectively; satisfies the condition that: fk(ykx,ykk) = for all k=1,...K then f(yx,y)=\
The controller of Newstrom Software Inc. provides the following information as the basis for a statement of cash flows: Required: 1. Calculate the net cash provided (used) by operating activities. 2....
The covariance between two random variables x and y is 250. The sample standard deviation for x is 40 and the sample standard deviation for y is 50. Calculate and interpret the correlation...
In a simple linear regression based on 25 observations, it is found that SSE = 1,250 and SST = 1,500. a. Calculate s 2 e and s e . b. Calculate R 2 .
Describe how using a systems development methodology is in line with CMM goals and can help an organization increase its maturity level.
List the stages of the Procure to Pay Process and explain what is entailed in each step. Indicate what stage the following would take place. Invoice, RFQ, Statement of Work, a blanket purchase order,...
Describe the importance of mycorrhizae, both today and in the colonization of land.
For auditors With what stakeholders does this position interact and/or impact through its duties/accountabilities?
Explain Forecasting & Capacity and Aggregate Planning 2.When booking the venue what do you have to have a mix of? 3. What are three critical issues to consider when booking a venue? 4. Explain...
Explain your understanding of free trade, and develop arguments that explain the benefits, and the pitfalls, of a free trade regime. In your essay, be sure to discuss the significance of the World...
Vector A(vector) points in the negative x direction and has a magnitude of 22 units. The vector B(vector) points in the positive y direction. (a) Find the magnitude of B(vector) if A(vector) +...
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
Assume that X is a binomial random variable with n = 6 and p = 0.68. Calculate the following probabilities. a. P(X = 5) b. P(X = 4) c. P(X 4)
Assume that X is a binomial random variable with n = 8 and p = 0.32. Calculate the following probabilities. a. P (3 < X < 5) b. P (3 < X 5) c. P (3 X 5)
Let the probability of success on a Bernoulli trial be 0.30. In five Bernoulli trials, what is the probability that there will be (a) 4 failures, (b) More than the expected number of failures?
3. If tolerable misstatement as percentage of 630,000 population value is 5% and and Confidence factor is 3.68 Calculate sampling interval (1 Point) 8560 31500 63.7 73.6 4. Increasing ARIA leading to...
List 3 factors that officers rely on to evaluate H&C applications.?
On its income statement for the year, Crescent Ltd. reported $100,000 of selling and administrative expenses, which included $20,000 in depreciation expense. During the year prepaid expenses...

Thirty observations were used to estimate y = 0 + 1 x 1 +

Question:

Standard Error p-value Coefficients t Stat Intercept 7.37 21.97 2.98 6.31E-08 2.23 X1 30.00 13.44 1.75E-13 -1.88 0.27 -6.96 1.75E-07 X2

Step by Step Answer:

a The point estimate of 1 is b 1 30 As x 1 incre...View the full answer

Business Statistics Communicating With Numbers

Students also viewed these Business questions