<< Chapter < Page
  Introductory statistics     Page 28 / 36
Chapter >> Page >

12.4: the regression equation

13 . r ( s y s x ) = 0.73 ( 9.6 4.0 ) = 1.752 1.75

14 . a = y ¯ b x ¯ = 141.6 1.752 ( 68.4 ) = 21.7632 21.76

15 . y ^ = 21.76 + 1.75 ( 68 ) = 140.76

12.5: correlation coefficient and coefficient of determination

16 . The coefficient of determination is the square of the correlation, or r 2 .
For this data, r 2 = (–0.56)2 = 0.3136 ≈ 0.31 or 31%. This means that 31 percent of the variation in fuel efficiency can be explained by the bodyweight of the automobile.

17 . The coefficient of determination = 0.32 2 = 0.1024. This is the amount of variation in freshman college GPA that can be explained by high school GPA. The amount that cannot be explained is 1 – 0.1024 = 0.8976 ≈ 0.90. So about 90 percent of variance in freshman college GPA in this data is not explained by high school GPA.

18 . r = r 2
0.5 = 0.707106781 0.71
You need a correlation of 0.71 or higher to have a coefficient of determination of at least 0.5.

12.6: testing the significance of the correlation coefficient

19 . H 0 : ρ = 0
H a : ρ ≠ 0

20 . t = r n 2 1 r 2 = 0.33 30 2 1 0.33 2 = 1.85
The critical value for α = 0.05 for a two-tailed test using the t 29 distribution is 2.045. Your value is less than this, so you fail to reject the null hypothesis and conclude that the study produced no evidence that the variables are significantly correlated.
Using the calculator function tcdf, the p -value is 2tcdf(1.85, 10^99, 29) = 0.0373. Do not reject the null hypothesis and conclude that the study produced no evidence that the variables are significantly correlated.

21 . t = r n 2 1 r 2 = 0.45 25 2 1 0.45 2 = 2.417
The critical value for α = 0.05 for a two-tailed test using the t 24 distribution is 2.064. Your value is greater than this, so you reject the null hypothesis and conclude that the study produced evidence that the variables are significantly correlated.
Using the calculator function tcdf, the p-value is 2tcdf(2.417, 10^99, 24) = 0.0118. Reject the null hypothesis and conclude that the study produced evidence that the variables are significantly correlated.

12.7: prediction

22 . y ^ = 25 + 16 ( 5 ) = 105

23 . Because the intercept appears in both predicted values, you can ignore it in calculating a predicted difference score. The difference in grams of fiber per serving is 6 – 3 = 3 and the predicted difference in grams of potassium per serving is (16)(3) = 48.

12.8: outliers

24 . An outlier is an observed value that is far from the least squares regression line. A rule of thumb is that a point more than two standard deviations of the residuals from its predicted value on the least squares regression line is an outlier.

25 . An influential point is an observed value in a data set that is far from other points in the data set, in a horizontal direction. Unlike an outlier, an influential point is determined by its relationship with other values in the data set, not by its relationship to the regression line.

26 . The predicted value for y is: y ^ = 5 + 0.3 x = 5.6 . The value of 6.2 is less than two standard deviations from the predicted value, so it does not qualify as an outlier.
Residual for (2, 6.2): 6.2 – 5.6 = 0.6 (0.6<2(0.4))

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Introductory statistics' conversation and receive update notifications?

Ask