Exam 12: Simple Regression Analysis and Correlation
Exam 1: Introduction to Statistics86 Questions
Exam 2: Charts and Graphs55 Questions
Exam 3: Descriptive Statistics59 Questions
Exam 4: Probability76 Questions
Exam 5: Discrete Distributions81 Questions
Exam 6: Continuous Distributions83 Questions
Exam 7: Sampling and Sampling Distributions87 Questions
Exam 8: Statistical Inference: Estimation for Single Populations82 Questions
Exam 9: Statistical Inference: Hypothesis Testing for Single Populations85 Questions
Exam 10: Statistical Inferences About Two Populations81 Questions
Exam 11: Analysis of Variance and Design of Experiments90 Questions
Exam 12: Simple Regression Analysis and Correlation98 Questions
Exam 13: Multiple Regression Analysis85 Questions
Exam 14: Building Multiple Regression Models78 Questions
Exam 15: Time-Series Forecasting and Index Numbers75 Questions
Exam 16: Analysis of Categorical Data77 Questions
Exam 17: Nonparametric Statistics76 Questions
Exam 18: Statistical Quality Control68 Questions
Exam 19: Decision Analysis79 Questions
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The proportion of variability of the dependent variable (y)accounted for or explained by the independent variable (x)is called the coefficient of correlation.
(True/False)
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Annie Mikhail,market analyst for a national company specializing in historic city tours,is analyzing the relationship between the sales revenue from historic city tours and the size of the city.She gathers data from six cities in which the tours are offered.Annie's dependent variable is annual sales revenues and her independent variable is the city population.Regression analysis of the data yielded the following tables.
Annie's sample size is __________.


(Multiple Choice)
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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% confidence interval for the average of y when x=8 is _________
(Multiple Choice)
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The equation of the trend line for the data based on sales (in $1000)of a local restaurant over the years 2005-2010 is Sales= -265575+132.571 year.The equation of the trend line when using 1 to 6 for 2005-2010 is ________
(Multiple Choice)
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Regression methods can be pursued to estimate trends that are linear in time.
(True/False)
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In a regression analysis if SST = 200 and SSR = 200,r 2 = _________.
(Multiple Choice)
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.Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI),is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units),and his dependent variable is the total cost of the lot (in $100's).Regression analysis of the data yielded the following tables.
Louis's regression model is ________________.


(Multiple Choice)
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For the regression line,y = 21 − 5x,21 is the y-intercept of the line.
(True/False)
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Regression output from Excel software directly shows the regression equation.
(True/False)
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For the following scatter plot and regression line,at x = 35 the residual is _______.
(Multiple Choice)
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In regression,the variable that is being predicted is usually referred to as the independent variable.
(True/False)
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The variability in the estimated slope is smaller when the x-values are more spread out.
(True/False)
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Correlation is a measure of the degree of linear relationship between two variables.
(True/False)
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The range of admissible values for the coefficient of determination is −1 to +1.
(True/False)
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In regression analysis,R-squared is also called the _______.
(Multiple Choice)
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For a certain data set the regression equation is y = 37 + 13x.The correlation coefficient between y and x in this data set _______.
(Multiple Choice)
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Louis Katz,a cost accountant at Papalote Plastics,Inc.(PPI),is analyzing the manufacturing costs of a molded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units),and his dependent variable is the total cost of the lot (in $100's).Regression analysis of the data yielded the following tables.
Using = 0.05,Louis should ________________.


(Multiple Choice)
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