Exam 12: Simple Regression Analysis and Correlation

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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.

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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 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 __________. 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 __________. Annie's sample size is __________.

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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 _________

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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 ________

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Regression methods can be pursued to estimate trends that are linear in time.

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

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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 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 ________________. .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 ________________. Louis's regression model is ________________.

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For the regression line,y = 21 − 5x,21 is the y-intercept of the line.

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Regression output from Excel software directly shows the regression equation.

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For the following scatter plot and regression line,at x = 35 the residual is _______.

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Regression output from Excel software includes an ANOVA table.

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In regression,the variable that is being predicted is usually referred to as the independent variable.

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The variability in the estimated slope is smaller when the x-values are more spread out.

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Correlation is a measure of the degree of linear relationship between two variables.

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The range of admissible values for the coefficient of determination is −1 to +1.

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In regression analysis,R-squared is also called the _______.

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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 _______.

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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 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  \alpha  = 0.05,Louis should ________________.  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  \alpha  = 0.05,Louis should ________________. Using α\alpha = 0.05,Louis should ________________.

(Multiple Choice)
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