The accompanying Minitab output results from fitting the model described in Exercise 14.14 to data. a. What
Question:
a. What is the estimated regression equation?
b. Using a .01 significance level, perform the model utility test.
c. Interpret the values of R2 and se given in the output.
Transcribed Image Text:
Predictor Constant X1 X2 X3 X4 s-4.784 85.39 0.03276 1.969 0.01799 0.0015380 0.0005560 Coef 86.85 0.12297 5.090 0.07092 Stdev t-ratio 1.02 3.75 2.58 3.94 2.77 R-sq-90.8% R-sq(adj)-89.4% Analysis of Variance MS 5896.6 1474.2 22.9 DF Regression Error Total 26 30 595.1 6491.7
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
a The estimated regression equation is 1 2 3 4 y8685012297x5090x0...View the full answer
Answered By
Joram mutua
I am that writer who gives his best for my student/client. Anything i do, i give my best. I have tutored for the last five years and non of my student has ever failed, they all come back thanking me for the best grades. I have a degree in economics, but i have written academic papers for various disciplines due to top-notch research Skills.In additional, I am a professional copywriter and proofreader.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics The Exploration & Analysis Of Data
ISBN: 9780840058010
7th Edition
Authors: Roxy Peck, Jay L. Devore
Question Posted:
Students also viewed these Statistics questions
-
Reconsider the wood specific gravity data referred to in Exercise 56. a. Minitab's Best Regression option was used resulting in the accompanying output. Which model(s) would you recommend for...
-
Example 5.5 described a study of the effectiveness of pomegranate fruit extract (PFE) in slowing the growth of prostate cancer tumors (Proceedings of the National Academy of Sciences [October 11,...
-
Babies born extremely prematurely run the risk of various neurological problems and tend to have lower IQ and verbal ability scores than babies that are not premature. The article Premature Babies...
-
In 2012, the average credit score for loans that were purchased through Fannie Mae was 766. A random sample of 35 mortgages were selected, and it was found that the average credit score was 771with a...
-
What management skills did Jack demonstrate as a marketing manager at the travel products company? What management skills did he demonstrate as a VP at the consumer products firm?
-
When Chrysler launched its Fiat 500 subcompact in 2011, the company offered three versions (Lounge, Sport, and Pop), having 14 exterior colors, 14 seat colors, six wheel styles, two transmission...
-
Use the payback model and the accounting rate of return on a project, and ea compare them with DCF models.
-
Fred, age 50, plans to retire when he reaches age 65. He is considering investing in either an IRA or a Roth IRA. He plans to contribute $6,000 per year until he retires. Fred expects his marginal...
-
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing...
-
A new children's hospital is being built in Springfield, and Friendly Corp. has publicly pledged that it will contribute $5 million toward the hospital's construction. In its pledge agreement dated...
-
Is the model fit in Exercise 14.16 useful? Carry out a test using a significance level of .10.
-
For the multiple regression model in Exercise 14.6, the value of R2 was .06 and the adjusted R2 was .06. The model was based on a data set with 1136 observations. Perform a model utility test for...
-
A sample of iron ore (containing only Fe2+ ions) weighing 0.2792 g was dissolved in dilute acid solution, and all the Fe(II) was converted to Fe(III) ions. The solution required 23.30mL of 0.0194 M...
-
Briefly explain the five audit implications of strategic risks.
-
What are the elements of an organizational business model? How does this information help an auditor better develop a strategy for conducting an audit?
-
Any given strategic risk can have a number of implications for the audit process. Describe the general audit implications discussed in the chapter.
-
What is external risk analysis, and how does it help the auditor to better understand the residual risks associated with the classes of transactions, accounts, and disclosures?
-
What is a risk map? What value can an auditor derive from plotting strategic risks on a risk map?
-
Convert the BCD number 011111000001 to its decimal equivalent.
-
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
-
Briefly describe the nature and purposes of output storage controls in relation to batch output.
-
Using the sample of retirement funds stored in Retirement Funds: a. Construct a table that tallies market cap, risk, and rating. b. What conclusions can you reach concerning differences among the...
-
The following table represents world oil production in millions of barrels a day in 2013: a. Compute the percentage of values in each category. b. What conclusions can you reach concerning the...
-
Using the sample of retirement funds stored in Retirement Funds: a. Construct a table that tallies type, risk, and rating. b. What conclusions can you reach concerning differences among the types of...
-
A single-step income statement shows only one subtotal for expenses.True false question.TrueFalse
-
Agito and its subsidiaries (Agito Group) are principally engaged in the production and distribution of high-density polyethylene (HDPE) in Hong Kong. On 1 April 2022, Agito signed an agreement with...
-
Problem 10-14 (Algo) Measures of Internal Business Process Performance [LO10-3] DataSpan, Incorporated, automated its plant at the start of the current year and installed a flexible manufacturing...
Study smarter with the SolutionInn App