Solution-Find the p-value for the test and draw conclusions

Find the p-value for the test and draw conclusions

Assignment Help Basic Statistics

Reference no: EM131054914

(a) Test the regression model for significance of regression. Using a = 0.05, find the P-value for the test and draw conclusions.

(b) Evaluate the contribution of each regressor to the model using the t-test with a = 0.05.

(d) Test the model in part (c) for significance of regression using a = 0.05. Also calculate the t-test for each regressor and draw conclusions.

(e) Estimate s2 for the model from part (c) and compare this to the estimate of 2 for the model in part (a). Which estimate is smaller? Does this offer any insight regarding which model might be preferable?

Reference no: EM131054914

Questions Cloud

Construct a double-stem-and-leaf plot for the life span : Construct a double-stem-and-leaf plot for the life span of the fruit flies using the stems 0∗, 0·, 1∗, 1·, 2∗, 2·, and 3∗such that stems coded by the symbols _ and · are associated, respectively, with leaves 0 through 4 and 5 through 9

Construct a time series plot of the data : A manufacturer of coil springs is interested in implementing a quality control system to monitor his production process. Construct a time series plot of the data

What is the average time a car is in the system : For the post office, a second drive through window is being considered. A single line would be formed and as a car reached the front of the line it would go to the next available clerk. What is the average time a car is in the system

Find the p-value for the test and draw conclusions : Test the regression model for significance of regression. Using a = 0.05, find the P-value for the test and draw conclusions. Evaluate the contribution of each regressor to the model using the t-test with a = 0.05

What sample size would you recommend : If we can assume that response time is normally distributed and that s = 8 for the new system, what sample size would you recommend

Determine the optimal course of action company should take : A large manufacturing company has had a very difficult time for the last couple of years in the market it operates. With the aid of a labeled decision tree, determine the optimal course of action the company should take. Show details of your calcul..

Investment in operating capital and free cash flow : You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firm’s free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $72 million, had a tax rate of 30 percent, and its depreci..

Initial fixed asset investment-equivalent annual cost : A five-year project has an initial fixed asset investment of $325,000, an initial NWC investment of $33,000, and an annual OCF of −$32,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required re..

User Account

All Pages

Find the p-value for the test and draw conclusions

Reference no: EM131054914

Reference no: EM131054914

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT