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Statistics
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Business Statistics
Exam 14: Introduction to Linear Regression and Correlation Analysis
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Question 41
Multiple Choice
Assume that you have calculated a prediction of
= 110 where the specific value for x is equal to the average value of x.Also assume that n = 201 and that the standard error of the estimate is s
ε
= 4.5.Find the approximate 95 percent prediction interval.
Question 42
True/False
When the intercept in a regression equation is deemed not significantly different from 0,then in making predictions for y,0.0 should be used as the value of the intercept rather than the estimated intercept value.
Question 43
Multiple Choice
Which of the following statements is true with respect to a simple linear regression model?
Question 44
True/False
A correlation of -0.9 indicates a weak linear relationship between the variables.
Question 45
True/False
If two variables are highly correlated,it not only means that they are linearly related,it also means that a change in one variable will cause a change in the other variable.
Question 46
True/False
Both a scatter plot and the correlation coefficient can distinguish between a curvilinear and a linear relationship.
Question 47
True/False
If the correlation coefficient for two variables is computed to be a -0.70,the scatter plot will show the data to be downward sloping from left to right.
Question 48
True/False
In simple linear regression,the t-test for the slope and the F-test are both conducting the same hypothesis test.
Question 49
True/False
A perfect correlation between two variables will always produce a correlation coefficient of +1.0.
Question 50
True/False
A high coefficient of determination (R
2
)implies that the regression model will be a good predictor for future values of the dependent variable given the value of the independent variable.