Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ANOVA df SS MS F Significance F Regression 1 335.0472 335.0473 178.3859 Residual 1.8782 Total 50 427.0798 Coefficients Standard t Stat P-value Lower Upper Error

image text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
ANOVA df SS MS F Significance F Regression 1 335.0472 335.0473 178.3859 Residual 1.8782 Total 50 427.0798 Coefficients Standard t Stat P-value Lower Upper Error 95% 95% Intercept -1.8940 0.4018 -4.7134 2.051E- -2.7015 -1.0865 05 Hours 0.9795 0.0733 13.3561 5.944E- 0.8321 1.1269 18 Use this data to answer the following three questions.Questions 23 - 25 are based on the following information. It is believed that, the average numbers of hours spent studying per day (HOURS) during undergraduate education should have a positive linear relationship with the starting salary (SALARY, measured in thousands of dollars per month) after graduation. Given below is the Excel output from regressing starting salary on number of hours spent studying per day for a sample of 51 students. NOTE: Some of the numbers in the output are deliberately removed. Regression Statistics Multiple R 0.8857 R Square 0.7845 Adjusted R Square 0.7801 Standard Error 1.3704 Observations 51Referring to the regression output above, the estimated average change in salary per month (in thousands of dollars) as a result of spending an extra hour per day studying is Question 25 1 pts Referring to the regression output above, the 90% confidence interval for the average change in salary per month (in thousands of dollars) as a result of spending an extra hour per day studying is O Wider than [-2.7015, -1.0865] O Wider than [0.8321, 1.1269] O Narrower than [0.8321, 1.1269] O Narrower than [-2.7015, -1.0865] No new data to save. Last checked at 14:17 Submit aring your screen. Stop sharing Hide lacBook ProQuestion 23 1 pts Referring to the regression output above, the error sum of squares (SSE) is Question 24 1 pts Referring to the regression output above, the estimated average change in salary per month (in thousands of dollars) as a result of spending an extra hour per day studying is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra (subscription)

Authors: Elayn Martin Gay

6th Edition

0135176301, 9780135176306

More Books

Students also viewed these Mathematics questions