Your model should first be built in order to answer all of the following research questions. Make certain you have acceptable diagnostics and/or you have made an acceptable transformation.
I ran the regression with Salary as my Y and other 3 varibles as X's. I got the following normal probability plot which looks good in regards to p-value, but the residual vs fit plot doesnt look normal. Should I perform a transformation on X? If so how?
Salary | Experience | Location | Exp*Loc |
30.95 | 10 | 0 | 0 |
29.22771 | 8 | 0 | 0 |
24.63187 | 6 | 0 | 0 |
23.97167 | 4 | 0 | 0 |
24.07303 | 6 | 0 | 0 |
29.8492 | 10 | 0 | 0 |
29.58699 | 11 | 0 | 0 |
20.36082 | 3 | 0 | 0 |
66.56994 | 15 | 1 | 15 |
73.03498 | 16 | 1 | 16 |
65.5 | 12 | 1 | 12 |
39.65 | 3 | 1 | 3 |
43.43299 | 5 | 1 | 5 |
30.6017 | 2 | 1 | 2 |
24.0629 | 1 | 1 | 1 |
36.44486 | 3 | 1 | 3 |
41.75 | 6 | 1 | 6 |
49.86652 | 9 | 1 | 9 |
46.55308 | 8 | 1 | 8 |
41.0261 | 7 | 1 | 7 |
The following data set (columns C1 thru C4 of exam2.mtw) attempts to model the annual salary...
The following data set (columns C1 thru C4 of exam2.mtw) attempts to model the annual salary (in thousands of dollars) of a random sample of n=20 high school mathematics teachers using years of teaching experience and geographic location (0= South, and 1=North). The data set is given below. The same data set and Minitab output is provided exam2.mtw. Your model should first be built in order to answer all of the following research questions. Make certain you have...
Question 1: Question 2: A statistical program is recommended. A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is = 81 + 4x. Salesperson Years of Experience Annual Sales ($1,000s) 1 80 3 97 92 107 103 111 119 128 117 136 (a) Compute the residuals. Years of Experience Annual Sales ($1,000s) Residuals 107 103 111 119 128 117 136 Construct a residual...
A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is ý = 80 + 4x. Salesperson Years of Experience Annual Sales ($1,000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136 (a) Compute the residuals. Years of Experience Annual Sales ($1,000s) Residuals...
Suppose the following data were collected from a sample of 15 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+ei . Is there enough evidence to support the claim that on average, CEOs in the industrial sector have lower salaries than CEOs in the financial sector at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with...
What would the sum of (X+1) be for the following data set? 4, 6, 0, 3, and 2 a. 100 b.20 c.15 d.10 What would the sum of (X+1) squared be for the following data set? 4, 6, 0, 3, and 2 a. 65 b. 20 c. 225 d.100
4. Using the entire data set of 65 stocks, count up the number of stocks in your data that have a high stock price that is at least $20. State this value here: 48. Verify this by copying the stem-and-leaf display for the high prices below. Stem and Leaf Plot of High Leaf Digit Unit-10 2 1 represents 210 Minimum 2.3000 Median 37.690 Maximum 210.19 Depth Stem Leaves 17 (17) 31 21 0 22222222222333333 0 4444455555 0 88899 1 00...
The following data set represents a population of values: 3 15 9 11 7 15 3 The total deviation from the population mean for the data values is. QQQQ Given that a sample is approximately bell-shaped with a mean of 76 and a standard deviation of 2, the approximate percentage of data values that is expected to fall between 70 and 82 is 75 percent 99.7 percent 68 percent 95 percent QQQ The numbers of minutes spent by 20 students waiting...
Use Chi-Square Goodness of Fit Test, and please SHOW ALL WORK! Using a calculator is fine, but please identify the steps you used in the calculator so I can learn!!! 0 The following data measures concentration of arsenic in drinking water to 10 communities around Phoenix and 10 rural communities in Arizona. Draw QQ plot for each of them. Are they taken from approximately normal data? Phoenix: 3, 7, 25, 10, 15, 6, 12, 25, 15, 7 Arizona: 48, 21,...
Which of the following frequency tables shows a skewed data set? Select all that apply: Value Frequency 5 2 6 5 7 3 8 15 9 11 10 24 11 14 12 12 13 10 14 4 Value Frequency 13 2 14 5 15 14 16 13 17 23 18 26 19 15 20 2 Value Frequency 5 1 6 1 7 9 8 20 9 24 10 20 11 6 12 11 13 5 14 2 15 1 Value...
Name Economics 5 Ch 13 and 14 Practice Part 2 The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. answer key -Edited a Search Obser- GPA index xyi (x,-司 Salaryxi-Xyv-V) 0.36 3301.3 -348.7 121558.2 1.8 122500 100.043766.2116.2 13505.216627626.4 2500 0.16 3882.4 232.4 54022.8 117.6 13823.2122500 0.0 -150.0 22498.8 22500 0.09 3824.3174.3 30387.5 75.7 5727.5 62500 210 2.6 3300 0.6 350 1.3 3.4 3600 02 -50...