MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Question
Suppose the following regression results were presented to you for consideration: ŷi = 75.05 - 3.02Xi, where Yi is the average 8th grade MCAS score for students in principality i, and Xi is the average student-teacher ratio in municipality i.
Please answer the following: Is this a time series or a cross-sectional regression? Sketch the regression line. What is the interpretation of the intercept in this example? Does it make economic sense? How would you interpret the slope coefficient? Is it possible to tell what the true PRF is in this example? Predict the MCAS score for a municipality with a student/teacher ratio of 25 students per teacher.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 4 steps
Knowledge Booster
Similar questions
- Question 6, 3.3.30arrow_forwardplease use chart attatched. a. Explain the meaning of the slope of the regression line in this context. b. What is the predicted cost of maintenance for someone who racks up about 2,000 miles per month on a sedan? c. Suppose one of the observations used to get the data table above was a sedan owner who reported he drove 980 miles this month and spent about $450 on maintenance costs in the same month. What is the residual of this observation?arrow_forwardListed below are foot lengths (mm) and heights (mm) of males. Find the regression equation, letting foot length be the predictor (x) variable. Find the best predicted height of a male with a foot length of 273.3 mm. How does the result compare to the actual height of 1776 mm? Foot Length 281.9 278.3 253.2 258.7 278.7 257.8 274.2 262.2 Height 1784.8 1771.0 1675.6 1645.9 1858.7 1710.1 1789.2 1737.4 the regression equation is y=enter your response here+enter your response herex. (Round the y-intercept to the nearest integer as needed. Round the slope to two decimal places as needed.) The best predicted height of a male with a foot length of 273.3 mm is enter your response here mm. (Round to the nearest integer as needed.)arrow_forward
- You believe that the price of Zoom Videoconferencing stock and the price of American Airlines stock will move in opposite directions. In order to test this relationship, we do a simple regression with the following variables:A - dependent variable : month end price of American Airlines stockZ - independent variable: month end price of Zoom Videoconferencing stock Data from April 2019 through December 2020 (21 observations) is availableBased on the data, we compute the following:Var (Z) = 20927.702Cov (A,Z) = -899.153E(A) = 20.790E(Z) = 187.530Std Error of Estimate = 6.088TSS = 1476.830 Consider the equation At = b0 + b1 Zt + εtBased on the numbers given above, complete the following table Variable Estimate Std error t-statistic Slope b1 .00941 Constant b0 2.2088 R-square N/A N/A F statistic N/A N/A Are the coefficients (slope and/or constant) significant at the .05 level?arrow_forwardFind the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (The pair of variables have a significant correlation.) Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. The table below shows the heights (in feet) and the number of stories of six notable buildings in a city.arrow_forward8arrow_forward
- Question 6, 3.3.30arrow_forwardFind the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (The pair of variables have a significant correlation.) Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. The table below shows the heights (in feet) and the number of stories of six notable buildings in a city. (a) x 503 feet (c) x = 318 feet (b) x = 649 feet (d) x = 724 feet 766 494 484 520 44 620 508 Height, x Stories, y 51 46 43 39 38 (c) Predict the value of y for x=318. Choose the correct answer below. O A. 34 B. 50 O C. 47 O D. not meaningful (d) Predict the value of y for x=724. Choose the correct answer below. O A. 34 O B. 41 50arrow_forwardSuppose the following estimated regression equation was determined to predict salary based on years of experience. Estimated Salary = 29,136.63 +2257.51(Years of Experience) What is the estimated salary for an employee with 24 years of experience? Answer Keypad Keyboard Shortcuts Tablesarrow_forward
- Is it reasonable to interpret the y-intercept of the regression line? Why or why not? One home that is 1,750 square feet is listed at $590,000. Is this home's price above or below average for a home of this size? Use residuals and show your work to answer. footaget) ## (Intercept) 21.14411 136.31449 0.155 0.87954 ## footage 0.28388 0.08516 3.333 0.00667 ** ## Residual standard error: 71.64 on 11 degrees of freedom ## Multiple R-squared: 0.5025, Adjusted R-squared: 0.4573 ## F-statistic: 11.11 on 1 and 11 DF, p-value: 0.006671arrow_forward4)arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman