Question
Provided this Census JMP table analyze and study it. You are asked to analyze if a state's median household income is dependent on its (1)
Provided this Census JMP table analyze and study it. You are asked to analyze if a state's median household income is dependent on its (1) median house value, (2) % foreign born, (3) % without a high school diploma, and (4) region.
(Table provided below.)
a. What model will you use for the analysis?
? Multiple Regression
? Simple Regression
? Logistic Regression
? Linear Programming
? Time-Series Forecasting
b. How many variables should be used to represent Region in the model? 1, 2, 3, 4, or 5.
c. How many independent variables are in the model (count each dummy variable individually)? 4, 5, 6, or 7.
d. What is the dependent variable in the model?
? Region
? Foreign Born
? No HS Diploma
? House Value
? Income
? All of the Choices
e. Which menu item under Analyze in JMP Pro should be selected?
?Fit Y by X
?Predictive Modeling
?Specialized Modeling
?Fit Model
f. Which independent variable relates negatively with the dependent variable?
?Foreign Born
?Region West
?House Value
?No HS Diploma
g. How much variability in the values of the dependent variable is explained by the resulting model? 0.81, 0.22, 0.78, or 0.19 h. Is the resulting model a good fit? Yes or No. i. What is the value of the Adjusted R2? 0.22, 0.19, 0.78, or 0.81.
j. What is the predicted income if Region = Midwest, House Value = 136400, Foreign Born = 3.8, and No HS Diploma = 12.6?
?51643.26
?48484.46
?47226.58
?52599.19
36 Oklahoma South 42979 104300 5.2 14.6 37 Oregon West 49260 252600 9.7 11.4 38 Pennsylvania Northe... 50398 159300 5.6 12.6 39 Rhode Island Northe... 54902 279300 12.6 16.3 40 South Carolina South 43939 134100 4.7 17 41 South Dakota Midwest 46369 122200 2.3 10.7 42 Tennessee South 43314 134100 4.4 17.5 43 Texas South 49646 123500 16.1 20 44 Utah West 56330 218100 8.2 9.4 45 Vermont Northe... 51841 208400 4 9.4 46 Virginia South 61406 255100 10.8 13.9 Rows 47 Washington West 57244 285400 12.7 10.4 All rows 50 South 1.3 Selected 48 West Virginia 38380 94500 18.1 Excluded 49 Wisconsin Midwest 51598 169000 4.6 10.6 OOOO Hidden 50 Wyoming West 53802 174000 3.1 8.7 LabeledCensus (4).jmp House Foreign Born No HS Diploma Note The table shows m State Region Income Value (%) [%) 1 Alabama South 42081 117600 3.4 18.6 2 Alaska West 66521 229100 7.2 9.3 3 Arizona West 50448 215000 14.2 15 4 Arkansas South 39267 102300 4.3 18.1 5 California West 60883 458500 27.2 19.3 6 Colorado Nest 56456 236600 9.8 10.7 7 Connecticut Northe... 67740 296500 13.2 11.6 8 Delaware South 57599 242300 8.2 13 9 Florida South 47661 205600 19.2 14.7 10 Georgia South 49347 161400 9.6 16.5 Columns (6/0) 11 Hawaii Wes 66420 537400 17.7 10.2 Q 12 Idaho West 46423 172700 5.9 11.8 I State 13 Illinois Midwest 55735 202500 13.6 13.8 Region 14 Indiana Midwest 47697 123000 4.4 13.8 Income 15 lowa Midwest 48872 119200 4.1 10.1 House Value Foreign Born (%) 16 Kansas Midwest 49424 122600 6.3 10.8 No HS Diploma (%) 17 Kentucky South 41576 116800 3.1 19 18 Louisiana South 43445 130000 3.6 19 19 Maine Northe... 46933 176200 3.3 10.2 20 Maryland South 70647 329400 13.2 12.2 21 Massachus Northe... 64509 352300 14.5 11.3 22 Michigan Midwest 48432 144200 5.9 12 23 Minnesota Midwest 57243 206200 8.7 24 Mississippi South 37881 96500 2.2 20.4 25 Missouri Midwest 46262 137700 3.7 13.8 26 Montana Wes 43872 173300 2 9 27 Nebraska Midwest 49342 123900 5.9 10 28 Nevada Wes 55726 254200 19.3 15.7 29 New Hamps... Northe... 63277 253200 5.3 9.1 30 New Jersey Northe... 69811 357000 20.3 12.7 31 New Mexico West 43820 158400 9.7 17.3 Rows 32 New York Northe... 55603 303900 21.7 15.6 All rows 33 North Carolina South 45570 149100 7.4 16.4 Selected 34 North Dakota Midwest 46781 111300 2.4 10.6 Excluded oooo Hidden 35 Ohio Midwest 47358 136400 3.8 12.6 Labeled 36 Oklahoma South 42979 104300 5.2 14.6Step by Step Solution
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