Question
1. Student exam marks (out of 100) and the number of classes they attended in the trimester were recorded for a subject. Excel was used
1.
Student exam marks (out of 100) and the number of classes they attended in the trimester were recorded for a subject. Excel was used to investigate the potential linear relationship between these two variables. A section of the summary output is provided below:
Regression statistics | ||
Multiple R | 0.63 | |
R square | 0.3969 | |
Observations | 55 | |
Coefficients | Standard Error | |
Intercept | 61.11 | 6.26 |
Attendance | 47 | 1.56 |
How many students were sampled?
Answer
2.
Regression was used to estimate sales revenue ($/week) from number of customers: You are given the following linear relationship:
Estimated Sales Revenue = 30 + 78 Customers
Which of the following is the correct interpretation of the slope?
Estimate sales revenue decreases by an average $78, for each extra customer.
Estimate sales revenue decreases by an average of $30, for each extra customer.
Estimate sales revenue increases by an average $108, for each extra customer.
Estimate sales revenue increases by an average $78, for each extra customer. Estimate sales revenue increases by an average of $30, for each extra customer.Clear my choice
3.
You are told that the following values represent four different correlation coefficients, r, labelled A to D as follows:
A = 0.95 B = 0.3 C = 0.90 D = 0.88
Which of the following statements is correct?
A,represents a very strong, upward sloping, linear relationship.
Of these four correlation coefficients, B represents the strongest linear relationship
C, represents a very strong, downward sloping, linear relationship.
D, represents a strong, downward sloping, linear relationship.
B, represents a very weak, upward sloping, linear relationship.Clear my choice
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started