Questions from Business Statistics


Q: For each of the following cases, would your primary concern about

For each of the following cases, would your primary concern about them be that they had a large residual, large leverage, or likely large influence on the regression model? Explain your thinking. 1. I...

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Q: Here are summary statistics for the sizes (in acres) of

Here are summary statistics for the sizes (in acres) of a collection of vineyards in the Finger Lakes region of New York State: Suppose you didn’t have access to the data. Answer the...

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Q: For each of the following cases, would your primary concern about

For each of the following cases, would your primary concern about them be that they had a large residual, large leverage, or likely large influence on the regression model? 1. In a regression to predi...

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Q: In a regression to predict compensation of employees in a large firm

In a regression to predict compensation of employees in a large firm, the predictors in the regression were Years with the Firm, Age, and Years of Experience. The coefficient of Age is negative and st...

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Q: Joe wants to impress his boss. He builds a regression model

Joe wants to impress his boss. He builds a regression model to predict sales that has 20 predictors and an R2 of 80%. Sally builds a competing model with only 5 predictors, but an R2 of only 78%. Whic...

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Q: A student runs an experiment to test four different popcorn brands,

A student runs an experiment to test four different popcorn brands, recording the number of kernels left un-popped. She pops measured batches of each brand 4 times, using the same popcorn popper and r...

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Q: A researcher investigated four different word lists for use in hearing assessment

A researcher investigated four different word lists for use in hearing assessment. She wanted to know whether the lists were equally difficult to understand in the presence of a noisy background. To f...

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Q: A survey of 1021 school-age children was conducted by randomly

A survey of 1021 school-age children was conducted by randomly selecting children from several large urban elementary schools. Two of the questions concerned eye and hair color. In the survey, the fol...

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Q: An intern from the marketing department at the Holes R Us online

An intern from the marketing department at the Holes R Us online piercing salon has recently finished a study of the company 500 customers. He wanted to know whether the mean ZIP code of customers pur...

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Q: A figure skater tried various approaches to her Salchow jump in a

A figure skater tried various approaches to her Salchow jump in a designed experiment using 5 different places for her focus (arms, free leg, midsection, takeoff leg, and free). She tried each jump 6...

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