Question: Study the following Minitab output from a regression analysis to predict y from x. a. What is the equation of the regression model? b. What

Study the following Minitab output from a regression analysis to predict y from x.
a. What is the equation of the regression model?
b. What is the meaning of the coefficient of x?
c. What is the result of the test of the slope of the regression model? Let Î± = .10.Why is the t ratio negative?
d. Comment on r2 and the standard error of the estimate.
e. Comment on the relationship of the F value to the t ratio for x.
f. The correlation coefficient for these two variables is -.7918. Is this result surprising to you? Why or whynot?

Regression Analysis: Y versus X The regression equation is 20.0565 X 67.2- Predictor Coef Constant 67.231 SE Coef 5.046 13.32 0.000 -0.05650 0.01027 -5.50 0.000 S-10.32 R-Sq 62.7% R-Sq (adj ) = 60.6% = Analysis of Variance Source Regression Residual Error 18 1918.0 106.6 Total DF MS 1 3222.9 3222. 9 30.25 0.000 19 5141.0

Step by Step Solution

★★★★★

3.28 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The regression equation is 672 00565 x b For every unit of increase in the value of x the predicte... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

409-M-S-L-R (1191).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

A partial computer output from a regression analysis follows. a. Compute the missing entries in this output. b. Use the F test and Î± = .05 to see whether a significant relationship is...

A partial computer output from a regression analysis follows. a. Compute the missing entries in this output. b. Use the F test and = .05 to see whether a significant relationship is present. c. Use...

A partial computer output from a regression analysis follows. a. Compute the missing entries in this output. b. Using = .05, test for overall significance. c. Use the t test and = .05 to test H 0 :...

Study the following Minitab output from a regression analysis to predict y from x. a. What is the equation of the regression model? b. What is the meaning of the coefficient of x? c. What is the...

Study the following Minitab output from a regression analysis to predict y from x: a. What is the equation of the regression model? b. What is the meaning of the coeffi cient of x? c. What is the...

Study the following Minitab output from a regression analysis to predict y from x. a. What is the equation of the regression model? b. What is the meaning of the coefficient of x? c. What is the...

The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of the height of the shelf display employed by the supermarkets...

We concluded in Exercise 15.3 that the model y = Î²0 + Î²1xl + Î²2x2 + Î²1x22 + Îµ might appropriately relate y to x1 and x2. To investigate...

Figure 15.5 presents the MINITAB output of a regression analysis of the real estate sales price data (see the page margin) using the model y = 0 + 1x1 + 2x2 + 2x22 + e FIGURE 15.5 MINITAB Output of a...

You may need to use the appropriatetechnologyto answer this question. A regression model relating x , number of salespersons at a branch office, to y , annual sales at the office (in thousands of...

Find the profitability ratios for the bank Wells Fargo for the most recent year. Provide an analysis of what these ratios indicate for Wells Fargos operations and use of its assets. How has Wells...

a. Which one of the following comparative statements about common stock call options and warrants is correct? b. Consider a bullish spread option strategy using a call option with a $ 25 exercise...

11. Discuss the accounting treatment or disclosure that should be accorded a declared but unpaid cash dividend; an accumulated but undeclared dividend on cumulative preference shares; and a share...

Testing only part of a population that is representative of the whole is known as: a. statistical sampling b. benchmarking c. design of experiments d. the cost of quality

Correct answers to ODDS2: A doctor tells a couple that there is one chance in four that their child will have an inherited disease. Does this mean that each of the couples children will have the same...

Correct answers to HOTCORE: The center of the earth is very hot. 1 = True, 2 = False. Correct answer: True. For each of the following variables, conduct a test to determine whether Democrats and...

Correct answers to EARTHSUN: Does Earth go around the Sun or does the Sun go around Earth? 1 = Earth around Sun, 2 = Sun around Earth. Correct answer: Earth around Sun. For each of the following...

Youve observed the following returns on Mary Ann Data Corporations stock over the past five years: 11 percent, 10 percent, 19 percent, 18 percent, and 10 percent. a. What was the arithmetic average...

A cost analysis is to be made to determine what, if anything, should be done in a situation offering three "do-something" and one "do-nothing" alternatives. Estimates of the cost and benefits are as...

Quilcene Oysteria farms and sells oysters in the Pacifio Northwest. The company horvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: The...