In Exercise 44, the company Zappos was omitted. Here is a scatterplot of the data with Zappos

Question:

In Exercise 44, the company Zappos was omitted. Here is a scatterplot of the data with Zappos plotted as an x:

a) In words, what does the outlying point say about Zappos?
b) What effect would this point have on the regression, had it been left with the rest of the data?
c) Using the data on the DVD, find the regression with and without the outlier.

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

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

See More Books

Question Posted: May 15, 2015 04:18 AM

See More Questions

Here is a scatterplot showing the regression line, 95% confidence intervals, and 95% prediction intervals, using 2012 youth unemployment data for a sample of 33 nations. The response variable is the...
Here is a scatterplot showing the regression line, 95% confidence intervals, and 95% prediction intervals, using 2011 and 2012 male unemployment data for a sample of 33 nations. The response variable...
Here is a scatterplot of the residuals from the regression in Exercise 16: a) For Behemoth, the data value for Speed is 123, and the predicted value is 130.15. If we change the data value to 124 and...
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
In your environmental economics study group, a friend argues that using taxes to control pollution is not efficient because, even with taxes, a positive amount of pollution is still produced. Do you...
Find the proper citation that provides guidance on the disclosure of gains and losses on derivative instruments
Antithesis Ltd sells its service on credit at the rate of 6m a year. Customers take varying lengths of time to pay, but the average is 65 days. The business does not experience any significant level...
Kurts Hardware Store advertises and sells snow blowers each season. The following table provides the annual demand, level of advertising, in dollars, and snowfall, in inches, for the past eight...
Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance. Delta has a retention limit of $200,000, and nine lines of insurance are ceded to Eversafe. A building insured by Delta...
Develop another plan for the Mexican roofing manufacturer described in Examples 1 to 4 ( pages 526 530) and Solved Problem 13.1 ( pages 540 541). a) For this plan, plan 5, the firm wants to maintain...
In Exercise 43, we examined the Worldwide Cost of Living Survey cost of living index for the ten most expensive cities, whose 2011 indices range from Singapores 137 to Tokyos 161. Lets add the ten...
Many factors may affect fans decision to go to a ball game. Is it possible that fans prefer teams with an older pitching staff? a) Examine a scatterplot of Attend/ Game and Pitch Age. Check the...
The following information pertains to Kenia Corporation as of the beginning of the current fiscal year: On 1/1, the company had issued 2,000 shares of common stock with $10 per share market value. a....
Childhood leukemia, a hematological malignancy, is the most common form of childhood cancer, representing 29% of cancers in children aged 0 to 14 years in 2018. Imagine that you work in the State...
Question 1 Approximating functions using linear functions or higher degree polynomials is a very useful scientific tool! This concept generalizes to Taylor Polynomials, but is most simply illustrated...
Find the volume of the solid of revolution formed by rotating the specified region R about the x axis. Volume Formula Suppose f(x) is continuous and f(x) 0 on a x b, and let R be the region under the...
As machines get older, the cost of maintaining them tends to increase. Suppose for a particular machine, the rate at which the maintenance cost is increasing is approximated by the function C' (t) =...
At Edsel Automotive, the management team is planning to expand one of its plants by adding a new assembly line for sport utility vehicles (SUVs). The cost of setting up the new SUV assembly line is...
How do you know when a specification is ready for release?
Anna, a high school counselor, devised a program that integrates classroom learning with vocational training to help adolescents at risk for school dropouts stay in school and transition to work...
For a random sample of n = 225, find the probability of a sample mean being greater than 37.2 when = 38 and = 2.17. The population mean and standard deviation are given. Find the indicated...
On a certain day, the average closing price of a group of stocks on the New York Stock Exchange (to the nearest dollar) isshown. 21 21 21 22 23 25 28 29 33 35 38 56 61
The following list shows the 15 largest banks in the world by assets according to EagleTraders.com. Compute the median and the mean assets from this group. Which of these two measures do think is...
The number of cars in service by the top 10 U.S. car rental companies in 2012 according to Auto Rental News follows. Compute the median, Q3, P20, P60, P80, and P93 on these data. Company ......Number...
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...

In Exercise 44, the company Zappos was omitted. Here is a scatterplot of the data with Zappos

Question:

s 0.6 0.2 0.0 0250-0.125 00.125 2010 Job Growth

Step by Step Answer:

a Zappos had a negative job growth it lost jobs in 20...View the full answer

Business Statistics

Students also viewed these Statistics questions