In the following regression, X = weekly pay, Y = income tax withheld, and n = 35
Question:
(a) Write the fitted regression equation.
(b) State the degrees of freedom for a two- tailed test for zero slope, and use Appendix D to find the critical value at α = .05.
(c) What is your conclusion about the slope?
(d) Interpret the 95 percent confidence limits for the slope.
(e) Verify that F = t2 for the slope.
(f) In your own words, describe the t of this regression.
Transcribed Image Text:
R2 Std. Error 6.816 0.202 35 ANOVA table Source Regression df MS F p-value 0068 387.6959 1,533.0614 387.6959 46.4564 8.35 Residual Total 1,920.7573 34 confidence interval Regression output vanables coefficients std error t(df 33) p-value 95% lower 95% upper Intercept 30.7963 6.4078 4.806 0000 17.7595 43.8331 Slope 0.0343 0.0119 2.889 0068 0.0101 0.0584
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
a y 307963 0343 x R 2 202 s e 6816 b df 33 05 so t cri...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
Question Posted:
Students also viewed these Statistics questions
-
The amounts of employee income tax withheld and social security and Medicare taxes (both employee and employer shares) shown below were owed by different businesses on the specified dates. In each...
-
State the total degrees of freedom for the following t tests: (a) n = 12 for a one-sample t test (b) df1 = 12, n2 = 19 for a two-independent-sample t test (c) Critical value = 1.645 for a one-tailed...
-
State the degrees of freedom and the type of test (repeated measures or matched pairs) for the following examples of measures for a related-samples t test: (a) The difference in coping ability in a...
-
X = {a,b,c,d. e, f} olmak zere (X.) ksmi sral kmesinin grafii aada verilmitir. (a) (X.) ksmi sral kmesinin maksimal, minimal, minimum ve maksimum elemanlarn belirtiniz. (b) (X.) kismi sral kmesinin Y...
-
A discrete random variable X is such that Show that EX = . That is, X has no mathematical expectation. P(X = 2")= - 1,2,. ... 2"
-
Marshall McLuhan coined the popular phrase The medium is the message. What does this phrase mean, and why should we be aware of it when communicating in organizations?
-
Beach erosional hot spots. Beaches that exhibit high erosion rates relative to the surrounding beach are defined as erosional hot spots. The U.S. Army Corps of Engineers is conducting a study of...
-
1. Using the pyramid of strategy practice (Figure 16.1), describe strategy-making in the city of Vaasa. 2. Comment on the strategy process being followed at Vaasa. In what ways does this depart from...
-
The Canadian government issues a forty-year semi-annual bond with a coupon rate of 4.5% for a price of $979.92. The future value of the bond is $1,000. The yield to maturity is closest to
-
1. What directions of strategic development have been followed by Virgin over the period of the case (use Figure 8.2 as a guide)? 2. Which type of corporate parenting role (as per Figure 8.5) best...
-
Order Size and Shipping Cost (n = 12) (a) Make a scatter plot of the data. What does it suggest about the correlation between X and Y? (b) Use Excel, MegaStat, or MINITAB to calculate the correlation...
-
In the following regression, X = monthly maintenance spending (dollars), Y = monthly machine downtime (hours), and n = 15 copy machines. (a) Write the fitted regression equation. (b) State the...
-
If and n is an integer, what is one possible value of n? -n-2 <1 4
-
Assume that John wants to annuitize the annuity and is told that he can receive a straight life annuity for $600 a month for life. If the actuarial number of payments is 300, how much of the first...
-
An epidemiologist plans to conduct a survey to estimate the percentage of women who give birth. How many women must be surveyed in order to be 90% confident that the estimated percentage is in error...
-
Your homework for this week is to watch the first lecture on Financial Accounting and at the end of the outline there are several problems for you to do. The problems begin with parts A-D for you to...
-
Sheril Rose was a brilliant but penniless material scientist. She had designed a new type of solar panel she believed had great commercial potential. On January 15, she approached Felda Higgins, a...
-
IAS 23 requires companies to capitalize borrowing costs directly attributable to the acquisition, construction or production of an asset into the cost of an asset.Previously, accounting standard...
-
How can entrepreneurs best prepare for their fundraising pitch?
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Which of the following is an example of application controls in computer processing systems? a. Hardware controls. b. Input controls. c. Documentation procedures. d. Controls over access to equipment...
-
The accompanying table also shows the gestation period (in days) for some animals. The gestation period is the length of pregnancy. Graph the gestation period and describe the distribution. If there...
-
A StatCrunch survey asked people what they thought the maximum income tax rate should be in the United States. Make separate dotplots of the responses from Republicans and Democrats. If possible, put...
-
A StatCrunch survey asked people whether they preferred cats or dogs and how many pets they had. (Those who preferred both cats and dogs and those who preferred another type of pet are not included...
-
You have just won the lottery and will receive a lump sum payment of $22.61 million after taxes. Instead of immediately spending your money, you plan to deposit all of the money into an account that...
-
Problem 1 4 - 1 9 ( Algo ) Convertible bonds; induced conversion; bonds with detachable warrants [ LO 1 4 - 5 ] Bradley - Link s December 3 1 , 2 0 2 1 , balance sheet included the following items:...
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
Study smarter with the SolutionInn App