Consider the simple linear regression model: HARD1 =
β0 + β1*SCORE + є, where
є ~ N(0, σ).
Note: HARD1 is the Rockwell hardness of
1% copper alloys and SCORE is the abrasion loss
score.
Assume all regression model assumptions hold. The following
incomplete output was obtained from Excel. Consider also that the
mean of x is 81.467 and SXX is
81.733.
SUMMARY OUTPUT | |||||
Regression Statistics | |||||
Multiple R | |||||
R Square | |||||
Adjusted R Square | 0.450969 | ||||
Standard Error | |||||
Observations | 15 | ||||
ANOVA | |||||
df | SS | MS | F | P-value | |
Regression | 75.203 | 15.975 | 1.5E-03 | ||
Residual | |||||
Total | |||||
Coefficients | Std Error | t Stat | P-value | ||
Intercept | 166.656 | 19.559 | 8.521 | ||
SCORE | 0.959 |
What is a 90% confidence interval for the population slope?
Consider the simple linear regression model: HARD1 = β0 + β1*SCORE + є, where є ~...
Consider the linear regression model Yi = β0 + β1 Xi + ui Yi is the ______________, the ______________ or simply the ______________. Xi is the ______________, the ______________ or simply the ______________. is the population regression line, or the population regression function. There are two ______________ in the function (β0 & β1 ). β0 is is the ______________ of the population regression line; β1is is the ______________ of the population regression line; and ui is the ______________. A. Coefficients...
In a yearlong study of gas usage to heat a particular building, on 37 randomly selected days during the year, the average outside temperature was measured as well as the corresponding gas usage for a 24-hour period. The simple linear model E(y) = β0 + β1x, where x is the average outside temperature over a 24-hour period and y is the gas usage during that same time period, was fit to the data. The analysis is given below.Regression StatisticsMultiplier0.4804958R Square0.23087621Adj...
(Do this problem without using R) Consider the simple linear regression model y =β0 + β1x + ε, where the errors are independent and normally distributed, with mean zero and constant variance σ2. Suppose we observe 4 observations x = (1, 1, −1, −1) and y = (5, 3, 4, 0). (a) Fit the simple linear regression model to this data and report the fitted regression line. (b) Carry out a test of hypotheses using α = 0.05 to determine...
1. If a true model of simple linear regression reads: yi −y ̄ = β0 +β1(xi −x ̄)+εi for i = 1, 2, · · · , n, showβ0 =0andβˆ0 =0. (1pt) (hint: use the formula of estimator βˆ0 = y ̄ − βˆ1x ̄.)
6. Given that the dependent variable is SAT score, Create a regression formula from the following output. Also, describe any concerns you have with the model. SUMMARY OUTPUT Regression Statistics - Multiple Re 0.64 R Square 0.40 Adjusted R Square 0.36 Standard Error 86.37 Observations 30.00 ANOVA df F Significance F 0.00 9.17 Regressione Residual Total 2 27 29 SS MS 136783.59 68391.79 201400.58 7459.28 338184.17 Intercept GPA- Femalee Coefficients StandardErrort Stat p-value Lower 95% 364.35 75.24 4.84 0.00 209.98...
Simple Linear regression 1. A researcher uses a simple linear regression to measure the relationship between the monthly salary (Salary measured in dollars) of data scientists and the number of years since being awarded a Master degree (Master Degree). A random sample of 80 observations was collected for the analysis. A researcher used the econometric model which has the following specification Salary,-β0 + β, Master-Degree, + εί, where i = 1, , 80 The (incomplete) Excel output of equation (1)...
Consider the following Excel multiple regression of output of Total Sales on the (c) other (predictor) variables. Provide some important arguments about the fitted multiple regression model. (Give one argument about each of the three main outputs.) [4 marks] SUMMARY OUTPUT Regression Statistics Multiple R 0.9870 R Square Adjusted R Square 0.9741 0.9721 Standard Error 116.2766 Observations 43 ANOVA Significance F df SS MS F Regression 19817036.22 6605678.74 488.58 5.82876E-31 Residual 527289.46 39 13520.24 Total 42 20344325.68 P-value Coefficients Standard...
Q. 9 The following is a partial regression result of a two-variable model (i.e. simple linear regression). In the study, a health care economist seeks to determine if a relationship exists between personal income and expenditures on health care, both measured in billions of dollars. Regression Statistics Multiple R ??? R Square ??? Standard Error Observations 51 ANOVA df SS MS F P-value Regression 1 15,750.32 0.00001 Residual/Error Total ??? 16,068.21 Coefficients Standard Error t Stat P-value Lower 95% Upper...
7,10,11 Based on the following regression output, what is the equation of the regression line? Regression Statistics Multiple R 0.917214 R Square 0.841282 Adjusted R Square 0.821442 Standard Error 9.385572 Observations 10 ANOVA df SS MS Significance F 1 Regression 3735.3060 3735.30600 42.40379 0.000186 8 Residual 704.7117 88.08896 9 Total 4440.0170 Coefficients Standard Error t Stat P-value Lower 95% Intercept 31.623780 10.442970 3.028236 0.016353 7.542233 X Variable 1.131661 0.173786 6.511819 0.000186 0.730910 o a. 9; = 7.542233+0.7309 Xli o b....