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Use the below data given to answer the below questions for a case report. A. Data sources B. Key results and tables (ANOVA table, regression
Use the below data given to answer the below questions for a case report.
A. Data sources
B. Key results and tables (ANOVA table, regression plots, etc.)
C. A discussion of the data (for the final question, be sure to touch on possible multicollinearity)
Data Given
Income ($1000s) | Household Size | Amount Charged ($) |
54 | 3 | 4,016 |
30 | 2 | 3,159 |
32 | 4 | 5,100 |
50 | 5 | 4,742 |
31 | 2 | 1,864 |
55 | 2 | 4,070 |
37 | 1 | 2,731 |
40 | 2 | 3,348 |
66 | 4 | 4,764 |
51 | 3 | 4,110 |
25 | 3 | 4,208 |
48 | 4 | 4,219 |
27 | 1 | 2,477 |
33 | 2 | 2,514 |
65 | 3 | 4,214 |
63 | 4 | 4,965 |
42 | 6 | 4,412 |
21 | 2 | 2,448 |
44 | 1 | 2,995 |
37 | 5 | 4,171 |
62 | 6 | 5,678 |
21 | 3 | 3,623 |
55 | 7 | 5,301 |
42 | 2 | 3,020 |
41 | 7 | 4,828 |
54 | 6 | 5,573 |
30 | 1 | 2,583 |
48 | 2 | 3,866 |
34 | 5 | 3,586 |
67 | 4 | 5,037 |
50 | 2 | 3,605 |
67 | 5 | 5,345 |
55 | 6 | 5,370 |
52 | 2 | 3,890 |
62 | 3 | 4,705 |
64 | 2 | 4,157 |
22 | 3 | 3,579 |
29 | 4 | 3,890 |
39 | 2 | 2,972 |
35 | 1 | 3,121 |
39 | 4 | 4,183 |
54 | 3 | 3,730 |
23 | 6 | 4,127 |
27 | 2 | 2,921 |
26 | 7 | 4,603 |
61 | 2 | 4,273 |
30 | 2 | 3,067 |
22 | 4 | 3,074 |
46 | 5 | 4,820 |
66 | 4 | 5,149 |
EXAMPLE
III. Data sources. Data for this study was obtained in our company's internal documents from the Operations Department (stated in the original problem). IV. Key results tables, interpretations and discussions [ together or separate] With the data obtained, we conduct the regression analysis using Excel's Linear Regression function, and attach the summary output and related figure below: SUMMARY OUTPUT Correlation Analysis Regression Statistics CcSpending Anincome Multiple R 0.xxxxxxx9 CcSpending R Square O.AB AnIncome -0.XYXYXY Adjusted R Square 0.XYZStandard Error 2.QQQ Observations 20 ANOVA df MS F Significance F Regression 1 ? ? 7 6.40178E-05 Residual 18 ? 6.0273634 Total 19 269.75 Standard Coefficients Error 1 Stat P-value Lower 95% Upper 95% Intercept 7.xyz D.ysz AnIncome -0.uyz The F test for the overall model is significant at .001 as is the t value testing the slope. The ~ of AB indicates that almost AB% of the variation of credit card spending is accounted for by the annual income. The standard error of the estimate is 2.QQQ which is a modest error. The regression equation has an intercept of 7.xyz which indicates that the model predicts that a household will have an average of AXYZ credit card spending if the household has no annual income. The significant t-Statistics at a=0.05 level for the annual income indicate that we could reject the null hypothesis that H.: b=0. The following figure also demonstrates the relationship between ABC and XYZStep by Step Solution
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