Exam 14: Simple Linear Regression

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Regression analysis was applied between demand for a product (y) and the price of the product (x), and the following estimated regression equation was obtained. y^\hat { y } = 120 - 10x Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to

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D

You are given the following information about y and x. Dependent Variable (y) Independent Variable (x) 5 1 4 2 3 3 2 4 1 5 The coefficient of determination equals

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C

You are given the following information about y and x. Dependent Variable (y) Independent Variable (x) 5 1 4 2 3 3 2 4 1 5 The least squares estimate of the intercept or b0 equals

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C

A regression and correlation analysis resulted in the following information regarding a dependent variable (y) and an independent variable (x). \Sigmax=90 y- x- =466 \Sigmay=170 (x-=234 n=10 \Sigma=1434 =505.98 The sum of squares due to regression (SSR) is

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A company has recorded data on the daily demand for its product (y in thousands of units) and the unit price (x in hundreds of dollars).A sample of 15 days demand and associated prices resulted in the following data. \Sigmax=75 \Sigma(y-y)(x-x)=-59 \Sigmay=135 (x-=94 \Sigma(y-y=100 =62.9681 ​ a. Using the above information, develop the least squares estimated regression line and write the equation. b. Compute the coefficient of determination. c. Perform an F test and determine whether or not there is a significant relationship between demand and unit price. Let α = .05. d. Would the demand ever reach zero? If yes, at what price would the demand be zero?

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In a regression analysis, the coefficient of determination is .4225.The coefficient of correlation in this situation is

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In a residual plot against x that does not suggest we should challenge the assumptions of our regression model, we would expect to see​ a

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You are given the following information about y and x. Dependent Variable (y) Independent Variable (x) 5 4 7 6 9 2 11 4 The least squares estimate of the slope or b1 equals

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The mathematical equation relating the independent variable to the expected value of the dependent variable; that is, E(y) = β0 + β1x, is known as the

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The following information regarding a dependent variable y and an independent variable x is provided: \Sigmax=90 y- (x-x)=-156 \Sigmay=340 \Sigma=234 n=4 (y-y=1974 =104 The y-intercept is

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If two variables, x and y, have a strong linear relationship, then

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The coefficient of correlation

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For the following data, the value of SSE = 18. Dependent Variable (y) Independent Variable (x) 15 4 17 6 23 2 17 4 The coefficient of determination (r2) equals

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You are given the following information about y and x. Dependent Variable (y) Independent Variable (x) 12 4 3 6 7 2 6 4 The coefficient of determination equals

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If a data set produces SSR = 400 and SSE = 100, then the coefficient of determination is

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The following information regarding a dependent variable (y) and an independent variable (x) is provided. y x 4 2 3 1 4 4 6 3 8 5 SSE = 6 SST = 16 The MSE is

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You are given the following information about y and x. Dependent Variable (y) Independent Variable (x) 5 4 7 6 9 2 11 4 The least squares estimate of the intercept or b0 equals

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Given below are four observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). 2 4 6 7 9 8 9 9 ​ a. Develop the least squares estimated regression equation. b. At the 5% level of significance, perform a t test and determine whether or not the slope is significantly different from zero. c. Perform an F test to determine whether or not the model is significant. Let α = .05. d. Compute the coefficient of determination.

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Shown below is a portion of a computer output for a regression analysis relating x (independent variable) and y (dependent variable). ANOVA df SS Regression 1 115.064 Residual 13 82.936 Total Coefficients Standard Error Intercept 15.532 1.457 -1.106 0.261 ​ a. Perform a t test using the p-value approach and determine whether or not x and y are related. Let α = .05. b. Using the p-value approach, perform an F test and determine whether or not x and y are related. Let α = .05. c. Compute the coefficient of determination and interpret its meaning. Be very specific.

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Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s) and the following information was obtained. =12+1.8x n=17 =225 =75 =.2683 The F statistic computed from the above data is

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