Consider the relationship of CrimeRate (Y) with two independent variables: Wage (Xw) and Expenditure on police...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider the relationship of CrimeRate (Y) with two independent variables: Wage (Xw) and Expenditure on police (XE). Develop separate simple linear regression models for the relationships between Wage - CrimeRate and Expenditure - CrimeRate variables, and use these models to answer the following questions. Download and open the Exam.xlsx file in Excel. Use the Excel data, and any other information provided, to answer the following questions. A E F CrimeRate Southern Expenditure YouthUnemploy Wage CrimeRateYear10 ExpenditureYear10 45.5 69 1 564 26.5 71 3 52.3 55 1 453 35.9 54 4 56.6 1 47 288 37.1 44 60.3 1 46 457 42.7 41 64.2 106 593 46.7 97 67.6 67 1 507 47.9 60 8. 70.5 63 486 50.6 57 9 73.2 66 1 487 55.9 63 10 75 56 489 61.8 54 11 78.1 51 1 425 65.4 47 12 79.8 1 45 318 71.4 44 13 82.3 97 572 75.4 87 14 83.1 62 529 77.3 61 15 84.9 118 689 78.6 115 16 85.6 1 58 396 80.6 54 17 88 71 1 526 82.2 68 18 92.3 74 1 557 87.5 67 19 94.3 128 627 92.9 128 20 95.3 90 617 94.1 81 21 96.8 1 58 394 96.2 56 22 97.4 1 57 405 97.8 53 23 98.7 1 75 496 99.9 70 24 99.9 1 61 395 101.4 54 25 103 1 58 382 103.5 56 26 104.3 75 580 104.5 71 27 105.9 90 588 106.4 91 28 106.6 1 65 421 107.8 62 29 107.2 72 1 590 110.1 66 30 108.3 97 589 110.5 97 31 109.4 1 123 631 113.5 115 32 112.1 1 81 427 116.3 77 33 114.3 1 82 620 119.7 79 34 115.1 78 1 540 124.5 73 35 117.2 95 1 622 127.8 96 36 119.7 166 637 129.8 157 37 121.6 1 63 1 462 130.7 64 38 123.4 1 82 488 132.5 74 39 127.2 87 513 134.6 83 40 132.4 82 1 537 137.5 76 41 135.5 113 626 140.5 105 42 137.8 109 1 578 145.7 101 43 140.8 109 559 150.6 98 44 145.4 1 115 472 157.3 109 45 149.3 103 557 162.7 95 46 154.3 121 657 169.6 116 47 157.7 149 673 177.2 141 48 161.8 160 674 178.2 143 49 50 51 (1 mark) Write the equation of the Wage - CrimeRate least squares regression model (2dp). A B U I Ff (2 marks) The slope of the regression line is since significant not significant III !! (2 marks) The interpretation of the slope of the regression line is that... A- B U I Ff (1 mark) The coefficient of determination is equal to (3dp) II !! (1 mark) Interpret the coefficient of determination you provided in Question 29 above. В U I Ff (2 marks) For the point (x,y)=(496, 98.7), the predicted CrimeRate equals (2dp) and the residual equals (2dp) II !! (4 marks) The largest residual of the regression model, as absolute value, equals (2dp) For this residual, the observed CrimeRate equals (2dp) for a Wage of ($) (integer) while the predicted CrimeRate equals (2dp) (5 marks) The calculated 95% confidence interval for the slope of the regression model has a lower bound of (2dp) and an upper bound of (2dp) .This confidence interval is + with the answer in Question 28, because the value of Consider the relationship of CrimeRate (Y) with two independent variables: Wage (Xw) and Expenditure on police (XE). Develop separate simple linear regression models for the relationships between Wage - CrimeRate and Expenditure - CrimeRate variables, and use these models to answer the following questions. Download and open the Exam.xlsx file in Excel. Use the Excel data, and any other information provided, to answer the following questions. A E F CrimeRate Southern Expenditure YouthUnemploy Wage CrimeRateYear10 ExpenditureYear10 45.5 69 1 564 26.5 71 3 52.3 55 1 453 35.9 54 4 56.6 1 47 288 37.1 44 60.3 1 46 457 42.7 41 64.2 106 593 46.7 97 67.6 67 1 507 47.9 60 8. 70.5 63 486 50.6 57 9 73.2 66 1 487 55.9 63 10 75 56 489 61.8 54 11 78.1 51 1 425 65.4 47 12 79.8 1 45 318 71.4 44 13 82.3 97 572 75.4 87 14 83.1 62 529 77.3 61 15 84.9 118 689 78.6 115 16 85.6 1 58 396 80.6 54 17 88 71 1 526 82.2 68 18 92.3 74 1 557 87.5 67 19 94.3 128 627 92.9 128 20 95.3 90 617 94.1 81 21 96.8 1 58 394 96.2 56 22 97.4 1 57 405 97.8 53 23 98.7 1 75 496 99.9 70 24 99.9 1 61 395 101.4 54 25 103 1 58 382 103.5 56 26 104.3 75 580 104.5 71 27 105.9 90 588 106.4 91 28 106.6 1 65 421 107.8 62 29 107.2 72 1 590 110.1 66 30 108.3 97 589 110.5 97 31 109.4 1 123 631 113.5 115 32 112.1 1 81 427 116.3 77 33 114.3 1 82 620 119.7 79 34 115.1 78 1 540 124.5 73 35 117.2 95 1 622 127.8 96 36 119.7 166 637 129.8 157 37 121.6 1 63 1 462 130.7 64 38 123.4 1 82 488 132.5 74 39 127.2 87 513 134.6 83 40 132.4 82 1 537 137.5 76 41 135.5 113 626 140.5 105 42 137.8 109 1 578 145.7 101 43 140.8 109 559 150.6 98 44 145.4 1 115 472 157.3 109 45 149.3 103 557 162.7 95 46 154.3 121 657 169.6 116 47 157.7 149 673 177.2 141 48 161.8 160 674 178.2 143 49 50 51 (1 mark) Write the equation of the Wage - CrimeRate least squares regression model (2dp). A B U I Ff (2 marks) The slope of the regression line is since significant not significant III !! (2 marks) The interpretation of the slope of the regression line is that... A- B U I Ff (1 mark) The coefficient of determination is equal to (3dp) II !! (1 mark) Interpret the coefficient of determination you provided in Question 29 above. В U I Ff (2 marks) For the point (x,y)=(496, 98.7), the predicted CrimeRate equals (2dp) and the residual equals (2dp) II !! (4 marks) The largest residual of the regression model, as absolute value, equals (2dp) For this residual, the observed CrimeRate equals (2dp) for a Wage of ($) (integer) while the predicted CrimeRate equals (2dp) (5 marks) The calculated 95% confidence interval for the slope of the regression model has a lower bound of (2dp) and an upper bound of (2dp) .This confidence interval is + with the answer in Question 28, because the value of
Expert Answer:
Answer rating: 100% (QA)
Solution The following information has been provided Sample Mean 1 X1 90935484 Sample Standard Devia... View the full answer
Posted Date:
Students also viewed these economics questions
-
Use these graph to answer the following questions: (a) Using the above figure describe the relationship between costs and product curves; marginal product and average product; marginal cost and...
-
Use the following data to answer the following questions (all figures are in billions of dollars): Item Amount Government purchases of goods and services.$1,721.6 Exports... 1,096.3 Receipts of...
-
Use Spreadsheet 18.1 to answer the following questions about Executive Fruit. a. What would be the required external financing if the growth rate is 15% and the dividend payout ratio is 60%? b. Given...
-
An investor utilizes a bull call spread by purchasing a call option for a premium of $10. The call option comes with a strike price of $50 and expires in July 2020. At the same time, the investor...
-
The Logos Corporation is planning on issuing bonds that pay no interest but can be converted into $ 1,000 at maturity, 7 years from their purchase. To price these bonds competitively with other bonds...
-
The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized data: Year 2 Statement of Earnings Sales revenue Cost of sales Gross margin...
-
In a simple throwball game on ice, a \(90-\mathrm{kg}\) athlete throws a \(1.0-\mathrm{kg}\) ball at \(15 \mathrm{~m} / \mathrm{s}\). The ball is caught by his \(80-\mathrm{kg}\) teammate. If \(20...
-
Amiras Corporation began operations on January 1, 2014, with a beginning inventory of $30,100 at cost and $50,000 at retail. The following information relates to 2014. Instructions (a) Assume Amiras...
-
1. Find the focal length of a convex mirror of radius of curvature 1m. 2. Focal length of a convex mirror is 50 cm. What is its radius of curvature? 3. Radius of curvature of a concave mirror is 25...
-
On January 30 of the current year, Ashton Corporation purchased from Cathy 10% of Todd Corporation stock for $250,000 in cash. On May 30 of the following year, Andrea and Bill each exchange one-half...
-
Morton Inc's February purchases on account were $100,000. February cash payments to vendors were $80,000. the Accounts Payable balance on February 29, 2020 was $30,000. What was the balance of...
-
Consider the following Python program. Suppose that the user runs this program and when prompted, types 5 as input. nint (raw_input ("Enter a number: ")) n = n + 10 n = n/3.0 nint (n) n "n" + str(n)...
-
Suppose we had the following shares; Share Amount Invested Expected Return APPLE $10,250 0.06 BUNNINGS $15,250 0.08 CEMEX $20,250 0.10 DELTA $6,250 0.14 a. What are the portfolio weights? (3 marks)...
-
Perform the following operations (a) Convert 110(base 10) into binary system (b) Convert -123(base 10) into binary system using 1-s complement+1 method (c) Compute the 110-123 using addition of the...
-
Verify the correctness of the following program segment with the precondition and postcondition shown. {x = 0} if x > 0 then y = 2 * x else y=(-2) *x end if {y>0} else 18. Verify the correctness of...
-
Make the following assumptions: (i) client and server are connected by a direct link, whose transmission rate is R, (ii) round-trip time (RTT) between client and server is denoted by T. (iii) the...
-
Q2- Write SQL commands for the following: 1. 2. List all details from the cars table for cars made before the year 2020.(3 points) Time left 0:49:01 Update table cars, Change type for car 90092 to...
-
Fill in each blank so that the resulting statement is true. A solution to a system of linear equations in two variables is an ordered pair that__________ .
-
Based on the photographs in Figure 26.13, in which segment(s) is the Antp gene normally expressed? Figure 26.13: (a) Normal fly (b) Antennapedia mutant
-
The bush baby, a small African mammal, is a remarkable jumper. Although only about 8 inches long, it can jump, from a standing start, straight up to a height of over 7 feet! Use the particle model to...
-
Hicham El Guerrouj of Morocco holds the world record in the 1500 m running race. He ran the final 400 m in a time of 51.9 s. What was his average speed in mph over the last 400 m? A. 14.2 mph B. 15.5...
Study smarter with the SolutionInn App