Essentials of Statistics (6th Edition)
Essentials of Statistics (6th Edition)
6th Edition
ISBN: 9780134685779
Author: Mario F. Triola
Publisher: PEARSON
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Chapter 10.2, Problem 4BSC

Correlation and Slope What is the relationship between the linear correlation coefficient r and the slope b1 of a regression line?

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I just need to know why this is wrong below: What is the test statistic W? W=5 (incorrect) and  What is the p-value of this test? (p-value < 0.001-- incorrect)   Use the Wilcoxon signed rank test to test the hypothesis that the median number of pages in the statistics books in the library from which the sample was taken is 400. A sample of 12 statistics books have the following numbers of pages pages 127 217 486 132 397 297 396 327 292 256 358 272 What is the sum of the negative ranks (W-)? 75 What is the sum of the positive ranks (W+)? 5What type of test is this?     two tailedWhat is the test statistic W? 5 These are the critical values for a 1-tailed Wilcoxon Signed Rank test for n=12 Alpha Level 0.001 0.005 0.01 0.025 0.05 0.1 0.2 Critical Value 75 70 68 64 60 56 50 What is the p-value for this test?         p-value < 0.001
ons 12. A sociologist hypothesizes that the crime rate is higher in areas with higher poverty rate and lower median income. She col- lects data on the crime rate (crimes per 100,000 residents), the poverty rate (in %), and the median income (in $1,000s) from 41 New England cities. A portion of the regression results is shown in the following table. Standard Coefficients error t stat p-value Intercept -301.62 549.71 -0.55 0.5864 Poverty 53.16 14.22 3.74 0.0006 Income 4.95 8.26 0.60 0.5526 a. b. Are the signs as expected on the slope coefficients? Predict the crime rate in an area with a poverty rate of 20% and a median income of $50,000. 3. Using data from 50 work
2. The owner of several used-car dealerships believes that the selling price of a used car can best be predicted using the car's age. He uses data on the recent selling price (in $) and age of 20 used sedans to estimate Price = Po + B₁Age + ε. A portion of the regression results is shown in the accompanying table. Standard Coefficients Intercept 21187.94 Error 733.42 t Stat p-value 28.89 1.56E-16 Age -1208.25 128.95 -9.37 2.41E-08 a. What is the estimate for B₁? Interpret this value. b. What is the sample regression equation? C. Predict the selling price of a 5-year-old sedan.

Chapter 10 Solutions

Essentials of Statistics (6th Edition)

Ch. 10.1 - Outlier Refer to the accompanying...Ch. 10.1 - Clusters Refer to the following Minitab-generated...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Testing for a Linear Correlation. In Exercises...Ch. 10.1 - Transformed Data In addition to testing for a...Ch. 10.1 - Finding Critical r Values Table A-6 lists critical...Ch. 10.2 - Notation Different hotels on Las Vegas Boulevard...Ch. 10.2 - Notation What is the difference between the...Ch. 10.2 - Best-Fit Line a. What is a residual? b. In what...Ch. 10.2 - Correlation and Slope What is the relationship...Ch. 10.2 - Making Predictions. In Exercises 58, let the...Ch. 10.2 - Making Predictions. In Exercises 58, let the...Ch. 10.2 - Making Predictions. In Exercises 58, let the...Ch. 10.2 - Making Predictions. In Exercises 58, let the...Ch. 10.2 - Finding the Equation of the Regression Line. In...Ch. 10.2 - Finding the Equation of the Regression Line. In...Ch. 10.2 - Effects of an Outlier Refer to the Mini...Ch. 10.2 - Effects of Clusters Refer to the Minitab-generated...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 1328 use the...Ch. 10.2 - Regression and Predictions. Exercises 13-28 use...Ch. 10.2 - Regression and Predictions. Exercises 13-28 use...Ch. 10.2 - Regression and Predictions. Exercises 13-28 use...Ch. 10.2 - Regression and Predictions. Exercises 13-28 use...Ch. 10.2 - Least-Squares Property According to the...Ch. 10.3 - Regression If the methods of this section are used...Ch. 10.3 - Level of Measurement Which of the levels of...Ch. 10.3 - Notation What do r, rs , and ps denote? Why is the...Ch. 10.3 - 4. Efficiency The efficiency of the rank...Ch. 10.3 - In Exercises 5 and 6, use the scatterplot to find...Ch. 10.3 - In Exercises 5 and 6, use the scatterplot to find...Ch. 10.3 - Testing for Rank Correlation. In Exercises 712,...Ch. 10.3 - Prob. 8BSCCh. 10.3 - Testing for Rank Correlation. In Exercises 712,...Ch. 10.3 - Testing for Rank Correlation. In Exercises 712,...Ch. 10.3 - Prob. 11BSCCh. 10.3 - Testing for Rank Correlation. In Exercises 712,...Ch. 10.3 - Prob. 13BSCCh. 10.3 - Appendix B Data Sets. In Exercises 1316, use the...Ch. 10.3 - Appendix B Data Sets. In Exercises 1316, use the...Ch. 10.3 - Prob. 16BSCCh. 10.3 - Prob. 17BBCh. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - The following exercises are based on the following...Ch. 10 - Interpreting Scatterplot If the sample data were...Ch. 10 - Cigarette Tar and Nicotine The table below lists...Ch. 10 - 2. Cigarette Nicotine and Carbon Monoxide Refer to...Ch. 10 - Time and Motion In a physics experiment at Doane...Ch. 10 - Stocks and Sunspots. Listed below are annual high...Ch. 10 - Stocks and Sunspots. Listed below are annual high...Ch. 10 - Stocks and Sunspots. Listed below are annual high...Ch. 10 - Stocks and Sunspots. Listed below are annual high...Ch. 10 - Stocks and Sunspots. Listed below are annual high...Ch. 10 - Cell Phones and Driving In the authors home town...Ch. 10 - Ages of Moviegoers The table below shows the...Ch. 10 - Ages of Moviegoers Based on the data from...Ch. 10 - Speed Dating Data Set 18 Speed Dating" in Appendix...Ch. 10 - Speed Dating Data Set 18 Speed Dating" in Appendix...Ch. 10 - Speed Dating Data Set 18 Speed Dating" in Appendix...Ch. 10 - Speed Dating Data Set 18 Speed Dating in Appendix...Ch. 10 - Speed Dating Data Set 18 Speed Dating in Appendix...Ch. 10 - Critical Thinking: Is the pain medicine Duragesic...Ch. 10 - Critical Thinking: Is the pain medicine Duragesic...Ch. 10 - Critical Thinking: Is the pain medicine Duragesic...Ch. 10 - Critical Thinking: Is the pain medicine Duragesic...Ch. 10 - Critical Thinking: Is the pain medicine Duragesic...Ch. 10 - Prob. 4RE
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Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY