Regression 1 - Estadistica, Spring 2022 - WebAssign
Regression 1 - Estadistica, Spring 2022 - WebAssign
Regression 1 (Homework)
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The values of SST and SSR are 1,801 and 1,755, respectively.
R2 = 0.975
Ra2 = 0.971
(c) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)
The estimated regression equation provided a good fit as a small proportion of the variability in y has been explained by the estimated regression equation
The estimated regression equation provided a good fit as a large proportion of the variability in y has been explained by the estimated regression equation
The estimated regression equation did not provide a good fit as a small proportion of the variability in y has been explained by the estimated regression
equation.
The estimated regression equation did not provide a good fit as a large proportion of the variability in y has been explained by the estimated regression
equation.
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This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and y
Tutorial Exercise
The following estimated regression equation based on 30 observations was presented.
The values of SST and SSR are 1,804 and 1,771, respectively.
Step 1
Recall that R2 is the multiple coefficient of determination and is an indication of the goodness of fit for an estimated multiple regression equation. That is, it is the pr
only take on values between 0 and 1. It is calculated as follows where SSR is the sum of squares due to regression and SST is the total sum of squares.
SSR
R2 =
SST
We are given that SST = 1,804 and SSR = 1,771. Use these values to find the value of R2, rounding the result to three decimal places.
SSR
R2 =
SST
1,771
=
1,804
= .9817
Step 2
The adjusted multiple coefficient of determination is denoted by Ra2. This adjusted value takes into consideration the number of independent variables used in the m
independent variables. Note that it is possible for Ra2 to take on negative values.
n−1
Ra2 = 1 − (1 − R2)
n−p−1
The estimated regression equation given below was constructed from 30 observations, so n = 30
.
Step 3
We have R2 = 0.982, n = 30, and p = 4. Use these values to find the adjusted multiple coefficient of determination, rounding the result to three decimal places.
2 n−1
Ra2 = 1 − (1 − R )
n−p−1
30
− 1
= 1 − (1 − 0.982)
30 − 4 − 1
= .979
Step 4
The closer the coefficient of determination is to 1, the better the goodness of fit. For this exercise, a proportion is large if it is at least 0.55, indicating a good fit.
We found R2 = 0.982 and Ra2 = 0.979. Since these are greater than
0.55, a large
proportion of the variability in y has been explained by the least sq
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The following estimated regression equation relating sales to inventory investment and advertising expenditures was given.
ŷ = 26 + 14x1 + 9x2
The data used to develop the model came from a survey of 10 stores; for those data, SST = 19,000 and SSR = 14,250.
R2 = 0.74
Ra2 = 0.67
(c) Does the model appear to explain a large amount of variability in the data? Explain. (For purposes of this exercise, consider an amount large if it is at least 55%
The owner of a movie theater company used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x1) and newspaper adv
The computer solution, based on a sample of eight weeks, provided SST = 25.7 and SSR = 23.315.
(a) Compute and interpret R2 and Ra2. (Round your answers to three decimal places.)
The proportion of the variability in the dependent variable that can be explained by the estimated multiple regression equation is 0.929
. Adjusting for the
multiple regression equation is 0.900
.
(b) When television advertising was the only independent variable, R2 = 0.653 and Ra2 = 0.595. Do you prefer the multiple regression results? Explain.
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DATAfile: Showtime
The owner of Showtime Movie Theaters, Inc. used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x1) and newspape
(a) Compute and interpret R2 and Ra2. (Round your answers to three decimal places.)
The proportion of the variability in the dependent variable that can be explained by the estimated multiple regression equation is (No Response)
. Adjusting fo
multiple regression equation is (No Response)
.
(b) When television advertising was the only independent variable, R2 = 0.653 and Ra2 = 0.595. Do you prefer the multiple regression results? Explain.
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DATAfile: NFLPassing
Data were given on the average number of passing yards per attempt (Yds/Att), the number of interceptions thrown per attempt (Int/Att), and the percentage of ga
(a) Did the estimated regression equation that uses only the average number of passing yards per attempt as the independent variable to predict the percentage o
(b) Discuss the benefit of using both the average number of passing yards per attempt and the number of interceptions thrown per attempt to predict the percenta
Using both independent variables, the value of the coefficient of determination (No Response)
to R2 = (No Response)
, and the adjusted coefficient of determ
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Spring is a peak time for selling houses. Suppose the data below contains the selling price, number of bathrooms, square footage, and number of bedrooms of 26 ho
170,000 2 1,768 3
178,000 1 1,219 3
182,500 1 1,578 2
212,500 2 1,196 2
245,900 2 2,128 3
250,000 3 1,280 3
255,000 2 1,596 3
268,000 2 1,470 4
275,000 2 1,688 4
325,000 3 2,056 4
328,400 2 1,408 4
399,000 2 2,108 3
430,000 2 2,462 4
430,000 2 2,615 4
Consider the estimated regression equation we developed that can be used to predict the selling price given the number of bathrooms, square footage, and number
price.)
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(a) Does the estimated regression equation provide a good fit to the data? Explain. (Round your answer to two decimal places.)
(b) Consider the estimated regression equation that was developed which predicts selling price given the square footage and number of bedrooms. (x2 denotes sq
Compare the fit for this simpler model to that of the model that also includes number of bathrooms as an independent variable. (Round your answer to two de
DATAfile: SpringHouses
Spring is a peak time for selling houses. The file SpringHouses contains the selling price, number of bathrooms, square footage, and number of bedrooms of 26 hom
Consider the estimated regression equation we developed that can be used to predict the selling price given the number of bathrooms, square footage, and number
price.)
(a) Does the estimated regression equation provide a good fit to the data? Explain. (Round your answer to two decimal places.)
(b) Consider the estimated regression equation that was developed which predicts selling price given the square footage and number of bedrooms. (x2 denotes sq
Compare the fit for this simpler model to that of the model that also includes number of bathrooms as an independent variable. (Round your answer to two de
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DATAfile: MLBPitching
Major League Baseball (MLB) pitching statistics were reported for a random sample of 20 pitchers from the American League for one full season.
(a) An estimated regression equation was developed relating the average number of runs given up per inning pitched given the average number of strikeouts per i
places.)
R2 = (No Response)
Ra2 = (No Response)
(b) Does the estimated regression equation provide a good fit to the data? Explain.
Considering the nature of the data, being able to explain slightly more
than 50% of the variability in the number of runs given up per inning pitched using
(c) Suppose the earned run average (ERA) is used as the dependent variable in the estimated regression equation from (a) instead of the average number of runs
Since more
than 50% of the variability in the ERA can be explained by the linear effect of home runs per inning pitched (HR/IP) and strike-outs per inning
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Consumer Research, Inc., is an independent agency that conducts research on consumer attitudes and behaviors for a variety of firms. In one study, a client asked f
income, household size, and annual credit card charges for a sample of 50 consumers.
Managerial Report
Prepare a managerial report that summarizes findings of an investigation of consumer characteristics that can be used to predict the amount charged by credit card
Given Data
Descriptive Statistics
Matt Kenseth won the 2012 Daytona 500, the most important race of the NASCAR season. His win was no surprise because for the 2011 season he finished fourth in
earned $6,183,580 by winning three Poles (fastest driver in qualifying), winning three races, finishing in the top five 12 times, and finishing in the top ten 20 times.
point for the driver who finished in the 43rd position. In addition, any driver who led a lap received 1 bonus point, the driver who led the most laps received an addit
Managerial Report
Prepare a report that uses regression to predict winnings based on number of poles won, number of wins, number of top five finishes, and the number of top ten fin
Given Data
Correlation
Regression
Recommended Regression
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xi 3 12 6 20 14
yi 55 45 50 15 20
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(b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
(c) Try to approximate the relationship between x and y by drawing a straight line through the data.
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Σ(xi − x)(yi − y)
(d) Develop the estimated regression equation by computing the values of b0 and b1 using b1 = and b0 = y − b1x.
Σ(xi − x)2
ŷ=
$$63.5−2.5x
(e) Use the estimated regression equation to predict the value of y when x = 9.
43.5
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DATAfile: Sales
A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of 10 salespersons.
Years of
Annual Sales
Salesperson
Experience ($1,000s)
1 1 80
2 3 97
3 4 92
4 4 102
5 6 103
6 8 111
7 10 119
8 10 123
9 11 117
10 13 136
(a) Develop a scatter diagram for these data with years of experience as the independent variable.
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(b) Develop an estimated regression equation that can be used to predict annual sales (in $1,000s) given the years of experience.
ŷ=
$$80+4x
(c) Use the estimated regression equation to predict annual sales (in $1,000s) for a salesperson with 9 years of experience.
$ 128
thousand
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