Experiment was performed on certain metal to determine

Assignment Help Business Economics
Reference no: EM131391862

An experiment was performed on a certain metal to determine if the strength is a function of heating time (hours). Results based on 20 metal sheets are given below. Use the simple linear regression model.

∑X = 40

∑X2 = 200

∑Y = 70

∑Y2 = 545

∑XY = 300

Find the estimated y intercept and slope and write the equation of the least squares regression line. Estimate Y when X is equal to 3 hours. Also determine the standard error, the Mean Square Error, the coefficient of determination and the coefficient of correlation and check the relation between coefficient of correlation and coefficient of determination. Finally, perform the test of significance of the slope coefficient.

Reference no: EM131391862

Questions Cloud

Product of the scottish enlightenment : Adam Smith was a product of the Scottish enlightenment. Why is this important? Summarize his political-economic vision and his main contributions including his theory of moral sentiment, the division of labor and its implications, his theories of val..
Using box-jenkin four-step method : Explain the four steps of Box-Jenkin’s methods of forecasting. Using Box-Jenkin’s four-step method, forecast the US quarterly GDP for the second quarter of 2015.
True statement regarding free trade : Which of the following is NOT a true statement regarding free trade?
The risks related to reducing the reserve requirement : Over the past 7 years the Federal Reserve has taken many expansionary actions such as keeping interest rates low and buying government bonds and mortgage-backed securities to increase the money supply, hoping to spur buying and investment. However, a..
Experiment was performed on certain metal to determine : An experiment was performed on a certain metal to determine if the strength is a function of heating time (hours). Results based on 20 metal sheets are given below. Use the simple linear regression model.
When derivative contracts on standardized and traded : When derivative contracts on standardized and traded on an exchange:
Continuous compounding of the discrete cash flow : Find the present value under continuous compounding of the discrete cash flow Fn = A, n=h, h +1, . . . , h+k if the nominal interest rate per period is r. Compute the present value for A=25,000, h=18, k=4, and r=8%.
What is neoliberal capitalism : What is neoliberal capitalism? What are its major tenets? How does NAFTA represent these core points? What have been the effects of neoliberal capitalism on the working class?
Does blowing the whistle violate company loyalty : What is Kohlberg's theory about and what are the key elements? Does blowing the whistle violate company loyalty? I need both yes and no answer. What is the chance of rolling a 7 with a pair of honest dice? Is this a case of risk or uncertainty? What ..

Reviews

Write a Review

Business Economics Questions & Answers

  Tax multiplier for someone living below the poverty line

The tax multiplier for someone living below the poverty line is smaller than the tax multiplier for someone with an annual income of $1 million. The tax multiplier for someone living below the poverty line is smaller than the tax multiplier for someo..

  Interactions between households and firms in simple economy

Explain briefly the various parts of the circular flow diagram representing the interactions between households and firms in a simple economy.

  What are her economic profits and accounting profits

Jaynet spends $25,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm – one offer was for $105,000 per year, and the other was for $85,000. What are her accounting profits? What are h..

  Explain the long-run effect of an increase in nominal money

Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.

  What are the likely effects of market growth

What are the likely effects of market growth and depreciation on the effectiveness of investments in capacity to deter entry?

  Competitive firm suffering a short-run economic loss

Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?

  Graphically depict using the average total cost curve

Graphically depict using the Average Total Cost curve (among others) why efforts to break up a monopoly into many small firms will not be successful. Explain your intuition as well.

  What happened at wounded knee

What happened at Wounded Knee?

  Families are not saving enough for retirement

Do you think that there is a “retirement problem” in the US, meaning that individuals and families are not saving enough for retirement? What three original pieces of evidence support your observations and conclusions (journal articles, studies, spec..

  What is the approximate opportunity cost of producing

If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?

  Consider hypothetical open economy

Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving, domestic investment, and net capital outflow in this economy, where the currency is the U.S. dollar. ..

  Illustrate what can you say about the change in equilibrium

Illustrate what can you say about the change in equilibrium price and quantity.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd