Exam 12: Simple Regression Analysis and Correlation

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A manager wants to predict the cost (y)of travel for salespeople based on the number of days (x)spent on each sales trip.The following model has been developed: y = $400 + 120x.If a trip took 4 days,the predicted cost of the trip is _____________.

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Regression output from Minitab software includes an ANOVA table.

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According to the following graphic,X and Y have _________. According to the following graphic,X and Y have _________.

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From the following scatter plot,we can say that between y and x there is _______. From the following scatter plot,we can say that between y and x there is _______.

(Multiple Choice)
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Given x,a 95% prediction interval for a single value of y is always wider than a 95% confidence interval for the average value of y.

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The numerical value of the coefficient of determination must be _______.

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Regression output from Minitab software directly displays the regression equation.

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Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm.Abby's dependent variable is monthly household expenditures on groceries (in $'s),and her independent variable is annual household income (in $1,000's).Regression analysis of the data yielded the following tables. Abby Kratz,a market specialist at the market research firm of Saez,Sikes,and Spitz,is analyzing household budget data collected by her firm.Abby's dependent variable is monthly household expenditures on groceries (in  <img src= 11eaa55d_2fe1_3078_85d2_59082a5460f1_TB3123_00 Abby's regression model is __________.s),and her independent variable is annual household income (in $1,000's).Regression analysis of the data yielded the following tables. Abby's regression model is __________." class="answers-bank-image d-inline" loading="lazy" > Abby's regression model is __________.s),and her independent variable is annual household income (in $1,000's).Regression analysis of the data yielded the following tables. Abby's regression model is __________." class="answers-bank-image d-inline" loading="lazy" > 11eaa55d_2fe1_3078_85d2_59082a5460f1_TB3123_00 Abby's regression model is __________.

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For a certain data set the regression equation is y = 29 - 5x.The correlation coefficient between y and x in this data set _______.

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The process of constructing a mathematical model or function that can be used to predict or determine one variable by another variable is called regression analysis.

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From the following scatter plot,we can say that between y and x there is _______. From the following scatter plot,we can say that between y and x there is _______.

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The following data is to be used to construct a regression model: The following data is to be used to construct a regression model:   The regression equation is _______________. The regression equation is _______________.

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One of the assumptions of simple regression analysis is that the error terms are exponentially distributed

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In the regression equation,y=2.164+1.3657x n=6,the mean of x is 8.667,Sxx=89.333 and Se=3.44.A 95% prediction interval for y when x=8 is _________

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In a regression analysis if SST = 200 and SSR = 200,r 2 = _________.

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Prediction intervals get narrower as we extrapolate outside the range of the data.

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The assumptions underlying simple regression analysis include ______________.

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A researcher has developed a regression model from fourteen pairs of data points.He wants to test if the slope is significantly different from zero.He uses a two? tailed test and α\alpha = 0.01.The critical table t value is _______.

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From the following scatter plot,we can say that between y and x there is _______. From the following scatter plot,we can say that between y and x there is _______.

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If there is perfect negative correlation between two sets of numbers,then _______.

(Multiple Choice)
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