Thirty observations were used to estimate y 0 1 x 1 2 x 2 A portion of the regression results is shown in the accompanying table a What is the estimate for 1 Interpret this value b What is the sample regression equation c If x 1 30 and x 2 20, what is y Standard Error p value Coefficients t Stat In...

a The point estimate of 1 is b 1 30 As x 1 incre ...

Thirty observations were used to estimate y = 0 + 1 x 1 +

Question:

Thirty observations were used to estimate y = β₀ + β₁x₁ + β₂x₂ + ε. A portion of the regression results is shown in the accompanying table.

Standard Error p-value Coefficients t Stat Intercept 7.37 21.97 2.98 6.31E-08 2.23 X1 30.00 13.44 1.75E-13 -1.88 0.27 -6

a. What is the estimate for β1? Interpret this value.

b. What is the sample regression equation?

c. If x₁ = 30 and x₂ = 20, what is ŷ?

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

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

See More Books

Question Posted: May 08, 2019 09:50 AM

See More Questions

The following table lists a portion of Major League Baseballs (MLBs) leading pitchers, each pitchers salary (In $ millions), and earned run average (ERA) for 2008. a. Estimate the model: Salary = 0...
The accompanying table lists goodness-of-fit measures that were obtained when estimating the following simple linear regression model and multiple linear regression model: Which model provides a...
In a report, use the sample information to 1. Estimate and interpret CAPM: R Rf = 0 + 1 (RM Rf) + . Search for Apples reported Beta on the Web and compare it with your estimate. 2. At the 5%...
The trial balance of Terry manning Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data: 1. Store supplies on hand totaled $2,500. 2....
Stave Company invests $10,000,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates...
Use the rules for derivatives to find the derivative of each function defined as follows.
Use appropriate gestures to help make a point. Use hand movements, facial expressions, and body language. Do not stand frozen to one spot; move around, if appropriate. In a large auditorium, it is...
Juarez Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are processed independently, a few are related. Grit 337, a coarse cleaning...
\begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} IKIBAN INCORPORA \\ Comparative Balance \end{tabular} & \begin{tabular}{l} ATED \\ Sheets \\ 2021 \end{tabular} & 202 \\ \hline Assets & & \\ \hline...
1. Use the Fraud Triangle to analyze the business and audit risks that existed at Diamond Foods during the period of its accounting fraud. 2. How would you characterize Diamond's accounting? Did they...
The covariance between two random variables x and y is 250. The sample standard deviation for x is 40 and the sample standard deviation for y is 50. Calculate and interpret the correlation...
In a simple linear regression based on 25 observations, it is found that SSE = 1,250 and SST = 1,500. a. Calculate s 2 e and s e . b. Calculate R 2 .
Oaks Company has completed the payroll for January 2012, reflecting the following data: Salaries and wages earned ......... $86,000 Employee income taxes withheld ...... 10,000 FICA payroll taxes*...
Explain in details the reasons for your classifications. Classify the following processes as batch, continuous, or semibatch, and transient or steady- state. 1. A balloon is filled with air at a...
Question 5. A first responder drone of mass m slug is launched with a velocity vo ft/sec and constant engine force F from a level ground and moves vertically upward to discover a sense of life in a...
As part of the investigation of the collapse of the roof of a building. a testing laboratory is given all the available bolts that connected the steel structure at 3 different positions on the roof....
1) Baris Diary Co. has three product and divisions for production process of Milk, Yogurt and Cheese. Company's data show following resulst for 2014: Milk Yogurt Revenue 100.000TL 125.000TL Cheese...
Problem 11-4B (Algo) Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Virtual Gaming Systems are...
The payroll register for Kits & Pups Grooming is presented here and also appears in your working papers. Instructions On the forms in your working papers: 1. Prepare a payroll check and stub for each...
Which of the following is FALSE regarding the purchasing power parity (PPP). a. The PPP is a manifestation of the law of one price b. The PPP says that a country with a higher expected inflation can...
Assume that X is a binomial random variable with n = 6 and p = 0.68. Calculate the following probabilities. a. P(X = 5) b. P(X = 4) c. P(X 4)
Assume that X is a binomial random variable with n = 8 and p = 0.32. Calculate the following probabilities. a. P (3 < X < 5) b. P (3 < X 5) c. P (3 X 5)
Let the probability of success on a Bernoulli trial be 0.30. In five Bernoulli trials, what is the probability that there will be (a) 4 failures, (b) More than the expected number of failures?
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...

Thirty observations were used to estimate y = 0 + 1 x 1 +

Question:

Standard Error p-value Coefficients t Stat Intercept 7.37 21.97 2.98 6.31E-08 2.23 X1 30.00 13.44 1.75E-13 -1.88 0.27 -6.96 1.75E-07 X2

Step by Step Answer:

a The point estimate of 1 is b 1 30 As x 1 incre...View the full answer

Business Statistics Communicating With Numbers

Students also viewed these Business questions