Questions from Business Statistics


Q: The regression of Price on Size of homes in Albuquerque had R2

The regression of Price on Size of homes in Albuquerque had R2=71.4%, as described in Exercise 29. Write a sentence (in context, of course) summarizing what the R2 says about this regression.

See Answer

Q: Exercise 30 examined the association between the Duration of a roller coaster

Exercise 30 examined the association between the Duration of a roller coaster ride and the height of its initial Drop, reporting that R2=29.4%. Write a sentence (in context, of course) summarizing wha...

See Answer

Q: A biology student who created a regression model to use a bird

A biology student who created a regression model to use a bird Height when perched for predicting its Wingspan made these two statements. Assuming the calculations were done correctly, explain what is...

See Answer

Q: A sociology student investigated the association between a country Literacy Rate and

A sociology student investigated the association between a country Literacy Rate and Life Expectancy, and then drew the conclusions listed below. Explain why each statement is incorrect. (Assume that...

See Answer

Q: The regression of Price on Size of homes in Albuquerque had R2

The regression of Price on Size of homes in Albuquerque had R2=71.4% as described in Exercise 29. 1. What is the correlation between Size and Price? 2. What would you predict about the Price of a home...

See Answer

Q: The National Insurance Crime Bureau reports that Honda Accords, Honda Civics

The National Insurance Crime Bureau reports that Honda Accords, Honda Civics, and Toyota Camrys are the cars most frequently reported stolen, while Ford Tauruses, Pontiac Vibes, and Buick LeSabres are...

See Answer

Q: The regression of Duration of a roller coaster ride on the height

The regression of Duration of a roller coaster ride on the height of its initial Drop, described in Exercise 30, had R2=29.4%. 1. What is the correlation between Drop and Duration? 2. What would you p...

See Answer

Q: People who claim to have extrasensory perception (ESP) participate in

People who claim to have extrasensory perception (ESP) participate in a screening test in which they have to guess which of several images someone is thinking of. You and a friend both took the test....

See Answer

Q: Players in any sport who are having great seasons, turning in

Players in any sport who are having great seasons, turning in performances that are much better than anyone might have anticipated, often are pictured on the cover of Sports Illustrated. Frequently, t...

See Answer

Q: Consider the Albuquerque home sales from Exercise 29 again. The regression

Consider the Albuquerque home sales from Exercise 29 again. The regression analysis gives the model Price=47.82+0.061Â Size. 1. Explain what the slope of the line says about housing prices and house s...

See Answer