MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- A study of IT companies has found the following data on the age of each company and its annual volume of sales: Age (years) Sales (000) 2 22 2.5 34 3 33 4 37 4.5 40 4.5 45 5 49 3 30 6 58 6.5 58 (a) Determine the least squares regression that relates the age of company variable to the sales variable in the form y = a + bx. (b) Provide a practical interpretation of the coefficients a and b. (c) Determine the ‘goodness of fit’ (R2) of the estimated regression line. d) Using the estimated regression line determined in (a), calculate what volume of sales would be predicted for a company that is 3.5 years of age. (e) If it was found that…arrow_forwardAre MRI count and IQ linearly related? Because the correlation coefficient for females is negative/positiveand the absolute value of this correlation coefficient, enter your response here#, is greater/not greater than enter your response here#, the critical value for the female data set,no/a positive/a negativerelation exists between MRI count and IQ for females. Because the correlation coefficient for males is negative/positive and the absolute value of this correlation coefficient, enter your response here#, is greater/not greater than the critical value for the male data set, enter your response here#,no/a positive/a negative relation exists between MRI count and IQ for males. (Round to three decimal places as needed.) Critical value table 3 0.997 4 0.950 5 0.878 6 0.811 7 0.754 8 0.707 9 0.666 10 0.632 11 0.602 12 0.576 13 0.553 14 0.532 15 0.514 16 0.497 17 0.482 18 0.468 19 0.456 20 0.444 21 0.433 22 0.423 23 0.413 24 0.404 25 0.396 26 0.388 27 0.381 28 0.374…arrow_forwardA recent Gallup survey of a random sample of Americans (18 and older) found that the average number of alcoholic drinks consumed per week (drinks) by males was 4.2 and by females was 1.4.[1] Suppose we use the underlying survey data to estimate a least-squares regression of the average number of drinks a person reports consuming per week (Drinks;) on a dummy variable equal to 1 if i is female and O otherwise (Female;). (Assume all respondents identify as either male or female.) The estimated regression line equation can be written as: Drinks = a +bFemale Alcohol Consumption by Gender Because Female is a dummy variable, the problem provides us with enough information to figure out the exact regression line equation. What is the numerical value of a?arrow_forward
- A recent Gallup survey of a random sample of Americans (18 and older) found that the average number of alcoholic drinks consumed per week (drinks) by males was 4.2 and by females was 1.4.[¹] Suppose we use the underlying survey data to estimate a least-squares regression of the average number of drinks a person reports consuming per week (Drinks;) on a dummy variable equal to 1 if i is female and 0 otherwise (Female;). (Assume all respondents identify as either male or female.) The estimated regression line equation can be written as: Drinks = a +bFemale Alcohol Consumption by Gender What is the numerical value of b?arrow_forwardThe null hypothesis being tested in the least-squares regression output for B is B1 = B1,0=1. True Falsearrow_forwardA prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The least squares equation was found Y; = -13258.594 + 2.422X;, where X; is the program per-year tuition and Y; is the predicted mean starting salary. To perform a residual analysis for these data, the following results are obtained. of regression have been seriously violated. Residual index plot QQ Plot of Residuals Residuals Residuals 20000- 20000 0. -20000 -20000 a) To evaluate whether the assumption of linearity has been violated, which of the following graph shou be examined? A. Predicted Values vs. Residuals B. Residual index plot C. QQ plot of residuals D. Residuals vs. Progrm Per-Year Tuition ($) b) To evaluate whether the assumption of normality has been violated, which of the following graph…arrow_forward
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