Linear regression mode, Applied Statistics

Assignment Help:

The State Department of Taxation wishes to investigate the effect of experience, x, on the amount of time, y, required to fill out Form ST 1040AVG, the state income-averaging form. In order to do this, nine people whose financial status makes income averaging advantageous are chosen at random. Each is asked to fill out the form and report (1) the time y (in hours) required to complete the form and (2) the number of times x (including this one) that he or she has filled out this form.  The following data are obtained:

       Completion time,  8.0    4.7    3.7    2.8    8.9    5.8    2.0    1.9    3.3

          y (in hours)

       Experience, x          1       8       4     16       1       2     12       5       3

       A model of these data is shown below:

                             y = βo + β1 (1/x) + €     

     a) Plot y versus x, with y being the vertical axis.

b) Plot y versus 1/x, with y being the vertical axis. Does this plot support the given simple linear regression model for y?  If your answer is yes, what is the dependent variable and what is the independent variable?


Related Discussions:- Linear regression mode

Techniques, Q. 1 a) Describe the important quantitative techniques used in ...

Q. 1 a) Describe the important quantitative techniques used in public system management. (10) b) Do you think the day will come when all decisions are made with the assistance of

Calculate the current ratio and quick ratio, You were recently hired by E&T...

You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance.  E&T Boats, Inc. builds and sells boats to o

Regression analysis , The data used is from a statistical software Minitab;...

The data used is from a statistical software Minitab; London.MPJ is the file that consists of 1519 households drawn from 1980 - 1982 British Family Expenditure Surveys. Data that i

Liner programming , Solve the following Linear Programming Problem using S...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Evaluate minimum capability requirement, You are currently working wit...

You are currently working with a supplier who is producing a shaft whose diameter specification is 6.00 ± .003 inches.  Currently, the process is yielding shafts wit

Statistical procedures - estimation of a mean, Old Faithful Geyser in Yello...

Old Faithful Geyser in Yellowstone National Park derives its names and fame from the regularity (and beauty) of its eruptions. Rangers usually post the predicted times of eruptions

Make a decision about the claim, Make a decision about the given claim. Do...

Make a decision about the given claim. Do not use any formal procedures and exact calculation. Use only the rare event rule. Claim: A coin favors head when tossed, and there

Write Your Message!

Captcha
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