The following least squares regression model determines the relation of the total yearly crime cases in a
Question:
The following least squares regression model determines the relation of the total yearly crime cases in a region with the monthly security fund paid (in dollars) and the percentage of uneducated adults:
NumCrime = - 87.0311 - 0.0076 SecFund
+ 4.3273% UneduAdu.
a) How many total yearly crimes does the model predict for that region with a monthly security fund payment of
$200 and 78% of uneducated adults?
b) In fact, a collected data shows that the region has an actual total yearly crime counts of 214 cases for the above-mentioned monthly security fund payment and percentage of uneducated adults. Find the residual corresponding to this finding. (Be sure to include the units.)
c) What does the residual say about the total yearly crimes in that region?
Step by Step Answer:
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman