APPLIED STAT.IN BUS.+ECONOMICS
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Chapter 15, Problem 2CR
To determine

Explain the formula for finding the expected frequencies for each cell of the contingency table.

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A paper company has about 50 paper mills distributed over 3 provinces. Each mill records specified factors that contribute to its profitability. The company has classified the mills as Profitable and Non- Profitable. They recorded paper weight produced as an indicator of profitability. That is, X₁ = PAPER (weight in 10000 kilograms) Y = PROF (1 = profitable and 0 = not profitable) Y Profitable 1 1 0 It was found that Paper 2 1.5 0.8 ît= exp(-2.94 + 0.098X₁) 1 + exp(-2.94 +0.098X₁) 1. Give the fitted logistic response function. 2. Give the fitted logit response function 3. Show that ft loge € (₁^²) = = -2.94 + 0.098X₁ 4. Give the odds to be used of this logistic regression for X₁ = 0.7. Explain your result. 5. What is the estimated probability that a mill be profitable if it produces 7 000 kilograms of paper? 7. Interpret the regression coefficients of ît= Also find the odds ratio for b₁. exp(-2.94 + 0.098X₁) 1 + exp(-2.94 +0.098X₁)
An aircraft emergency locator transmitter (ELT) is a device designed to transmit a signal in the case of a crash. Company A makes 80% of the ELTs, Company B makes 15% of them and Company C makes the other 5%. The ELTs made by Company A have a 7.8% rate of defects, the Company B ELTs have a 6.3% rate of defects and the Company C ELTs have 6.4% rate of defects. If a randomly selected ELT is tested and found to be defective, find is the probability that it was made by Company A? Give your answer to three decimal places.
Urgent Care is organized in to 4 department: Registration (Reg), Waiting (Wait), Treatment (Treat), and Payment & Check Out (PCO). For all patients who receive treatment at the Urgent Care, the expected time (in minutes) per patient needed in each of the departments: Reg. Wait. Treatment PCO 10 15 30 3 or 2 All patients enter and register at the registration cubicle. After registering, 10% of the patients walk out without waiting and seeing the physician for treatment. However, still they have to walk through the PCO & return the admissions slip. These patients need only 2 min at PCO (instead of 3 min for the patients receiving treatment). No waiting and treatment time for patients who walk out. Simulate the total time spent in the Urgent care for the second patient. Total time spent by Patient 2 at the Urgent Care is: RN: 55 O 58 O 57 O 2 min O none of these

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APPLIED STAT.IN BUS.+ECONOMICS

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