Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

i have the following question which i was given the answer for , all i need is a detailed explaination on how did we get

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

i have the following question which i was given the answer for , all i need is a detailed explaination on how did we get to this answer.

the answer is as following

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Question 2 A The real estate assessor for the Denmark Shire wants to study various characteristics concerning single-family houses in the Shire. A random sample of 70 houses reveals the following: . Heated area of the house (in square feet): =1 ,759, S: 380 . 42 houses have air conditioning. (a) Set up a 99% condence interval estimate of the population average heated area of the house. (Marks = 8) (b) Set up a 95% condence interval estimate of the population proportion of houses that have air conditioning. (Marks = 8) Given the computer printout below that relates to a model for predicting weekly sales based on the number of customers making purchases over a 15 week period: - m- - .- -_I_ _l -_ M a) Is the number of customers a signicant independent variable in this model? Explain why or why not? (Marks = 2) b) What is the value of the coefcient of determination here? What does it mean for this problem? (Marks = 2) c) What is the value for the standard error of estimate? (Marks = 2) Data Null H othesis -= Level of Si . nicance Number of Successes am . Ie Size Intermediate Calculations Sample Proportion 0.125 Standard Error 0.06846532 WW Answers to this rt should be trans erred to our examination booklet. Using the Ph Stat 2 printout above, answer the following questions. (i). Was this a test of a mean or a proportion (circle your response) Mean Proportion (Marks = 1) (ii). Write the null and alternative hypothesis (iv). Was it a two or a one-tail test? (circle your response) Two One (1 mark) ( v). Explain how the critical value and the p-value both lead to the same decision about Ho. (3 marks) [Marks = 16 + 6 + 8]S QUESTION 2 0.1 10129497 10,657445214 Adwind R Squince 0.631094972 A 70 = 1759 ; 2 =42 StandON ENTEE 9.236036641 IST S = 380 ANDY (one " Z" due to DecisionTree, ACCT. 1.1604314 31.1604324 0.000243105 Raldual 11.39014069 0.87416-4669 33 230573) (a ) 2 380 = 45. 4187 1) Coolielena Shadard Error( Siet 16.0321934 3 310167093 019150493 0.009569 0.930760721 0.006 158139 4,99501 1643 0,000245 SOL 9 9 / CI for u = 2128 Weekly Sales = f (No. of customers) POSED SOLUTIONS = 1759 1 2.575 (45. 418#) ' = - 16.032/936 + 0.030760238 X D = 1759 + 716 . 9631' ( a) .yes, The at stat in large a riquepursutate 16412 08168 = 1 = 1875. 9631 to 4.995 , 102 = 15-2 = 13 df. OPOSE ie , between 1642 and 18"to square fet 0/ 8 top to . ol, Baf = 3.012 . ( ofuse : (: 26490, 1683.69 5/ = 1899.31 ) - Deduct 2 mark's) also , the very small povalue 0.00 0245 (8) p =m X = 12 = 0.60 O suggests acting repection of it: pso. ( bo) of " = 0.65744 .... PR 65-74 % of The variation in bale's can be : 95 / CIffer TI = $ 205 of customers . " = 0.60 196 (0.0586) 0.4852 = TT = 0.7148 ( C ) 'S yx = 0.93603..... it, between 48 % and 72% of houses. 0/ 8 Ibendicales the standard deviation of the observations around the regressionSAMPLE - PROPOSED SOLUTIONS ( i) Proportion ( 11 ) Ho : D= 0.25 (2 ) H , : MCO . 25 (2) ( ili ) 2lest (1) (in 1 tail test p = 0 . @339 ... 1 1 = 0.05 Dence pvalue (0.0339 ) "

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Precalculus

Authors: Michael Sullivan

9th edition

978-0321716835

Students also viewed these Mathematics questions