Probability and Statistics for Engineering and the Sciences
9th Edition
ISBN: 9781305251809
Author: Jay L. Devore
Publisher: Cengage Learning
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Textbook Question
Chapter 12.3, Problem 32E
Exercise 16 of Section 12.2 gave data on x = rainfall volume and y = runoff volume (both in m3). Use the accompanying Minitab output to decide whether there is a useful linear relationship between rainfall and runoff, and then calculate a confidence interval for the true average change in runoff volume associated with a 1 m3 increase in rainfall volume.
The regression equation is
runoff = −1.13 + 0.827 rainfall
Predictor | Coef | Stdev | t-ratio | P |
Constant | −1.128 | 2.368 | −0.48 | 0.642 |
rainfall | 0.82697 | 0.03652 | 22.64 | 0.000 |
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A researcher interested in explaining the level of foreign reserves for the country of Barbados
estimated the following multiple regression model using yearly data spanning the period 2001 to
2016:
FR=a+B01L+YEXP+8FDI
Where FR = yearly foreign reserves (So000's), OIL = annual oil prices, EXP = yearly total exports
(S000's) and FDI = annual foreign direct investment ($000's). The sample of data was processed
using MINITAB and the following is an extract of the output obtained:
Predictor
Coef
StDev
t-ratio
p-value
Constant 5491.38 2508.81
2.1888
0.0491
OIL
85.39
18.46
4.626
0.0006
EXP
-377.08
112.19
0.0057
FDI
-396.99
160.66
-2.471
s - 2.45
R-sq = 96.3%
R-sq(adj) = 95.3%
Analysis of Variance
Source
DF
MS
F
Regression
3
1991.31 663.77
??
Error
12
43. רר
6.45
Total
15
a) What is dependent and independent variables?
b) Fully write out the regression equation
c) Fill in the missing values **', **', '?'and *??"
Nine data points of data yield
r=0.867
and the regression equation
y=19.4+0.93x.
Also,
y=64.7.
What is the best predicted value of y for
x=40?
A researcher interested in explaining the level of foreign reserves for the country of
Barbados estimated the following multiple regression model using yearly data
spanning the period 2001 to 2016:
FR=a+BOIL+yEXP+8FDI
Where FR = yearly foreign reserves ($000's), OIL = annual oil prices, EXP =
yearly total exports ($000's) and FDI = annual foreign direct investment ($000's).
The sample of data was processed using MINITAB and the following is an extract
of the output obtained:
Predictor
Сoef
StDev
t-ratio
p-value
Constant
5491.38
2508.81
2.1888
0.0491
OIL
85.39
18.46
4.626
0.0006
EXP
-377.08
112.19
0.0057
FDI
-396.99
160.66
-2.471
**
S = 2.45
R-sq
96.3%
R-sq (adj)
95.3%
Analysis of Variance
Source
DF
MS
F
Regression
1991.31
663.77
??
Error
12
77.4
6.45
Total
15
a) What is dependent and independent variables?
b) Fully write out the regression equation
c) Fill in the missing values *', ***', '?'and ??'
d) Hence test whether B is significant. Give reasons for your answer.
e) Perform the F…
Chapter 12 Solutions
Probability and Statistics for Engineering and the Sciences
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- Does Table 1 represent a linear function? If so, finda linear equation that models the data.arrow_forwardOlympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?arrow_forwardA researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B0IL+YEXP+8FDI Where FR = yearly foreign reserves ($000°s), OIL = annual oil prices, EXP = yearly total exports ($000's) and FDI = annual foreign direct investment ($000`s). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** s = 2.45 R-sq = 96.3% R-sq (adj) = 95.3% Analysis of Variance Source DF MS F Regression 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15 c) Fill in the missing values ?'and ??arrow_forward
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