Make a prediction for burglary

Assignment Help Basic Statistics

Reference no: EM131102207

A regression model to predict Y, the state-by-state 2005 burglary crime rate per 100,000 people, used the following four state predictors: X1 = median age in 2005, X2 = number of 2005 bank- ruptcies per 1,000 people, X3= 2004 federal expenditures per capita, and X4= 2005 high school graduation percentage. (a) Write the fitted regression equation. (b) Interpret each coefficient.

(c) Would the intercept seem to have meaning in this regression? (d) Make a prediction for Burglary when X1 = 35 years, X2 = 7.0 bankruptcies per 1,000, X3 = $6,000, and X4= 80 percent. Burglary

Reference no: EM131102207

Questions Cloud

Define simulation analysis scenario analysis and sensitivity : Define (a) simulation analysis, (b) scenario analysis, and (c) sensitivity analysis.

Requires special treatment for newborn babies : a. If the Ulleval University Hospital in Oslo requires special treatment for newborn babies weighing less than 2700 g, what is the percentage of newborn babies requiring special treatment?

Clinic profit-maximizing price : a. What is the clinic's profit-maximizing price? b. How would the profit-maximizing price change if overhead costs doubled?

Investment and net exports do not change : The consumption function is C = 0.75Y where the marginal propensity to consume MPC equals .75 (out of an additional $1 in national income 75 cents is consumed). The government increases its purchases by $100 million, and investment and net exports do..

Make a prediction for burglary : A regression model to predict Y, the state-by-state 2005 burglary crime rate per 100,000 people, used the following four state predictors: X1 = median age in 2005, X2 = number of 2005 bank- ruptcies per 1,000 people, X3= 2004 federal expenditures per..

Determine the vertical reaction at rocker support b in n : Determine the vertical reaction at rocker support B in N. It is given that F = 203 N and x = 6.6 m.

Act of buyers and sellers : What is the the act of buyers and sellers freely and willingly engaging in non-fraudulent market transactions. Both parties should benefit from the exchange.

A certain game the probability of winning : A gambler believes that a strategy called "doubling up" is an effective way to gamble. The method requires the gambler to double the stake after each loss. Thus, if the initial bet is $1, after losing he will double the bet until he wins. After a ..

Use notations ln and log interchangeably : Suppose a demand function is given by x(p). Then, elasticity of demand at p is -p d/dx logx(p). Using this, compute the elasticity of demand when x(p) = ap^-b, where a, b are positive constants. (We use notations ln and log interchangeably).

User Account

All Pages