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    Linear Regression

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    Daniel Fong
    This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

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    Linear Regression

    Uploaded by

    Daniel Fong
    266 views4 pages
    This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

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    This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    266 views4 pages

    Linear Regression

    Uploaded by

    Daniel Fong
    This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

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    © All Rights Reserved
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    of 4

    Chapter 13 Linear Regression and Correlation

    Multiple Choice Use the following to answer questions 133-138: Given the following five points: (2,0), (1,0), (0,1), (1,1), and (2,3). 133. What is the slope of the line? A) 0.0 B) 0.5 C) 0.6 D) 0.7 Answer: D 134. What is the Y intercept? A) 0.0 B) 0.7 C) 1.0 D) 1.5 Answer: C 135. What is the standard error of the estimate? A) 0 B) 0.135 C) 0.367 D) 0.606 Answer: D 136. What is the critical value necessary to determine a confidence interval for a 95% level of confidence? A) 2.132 B) 2.353 C) 2.776 D) 3.182 Answer: D 137. What is the critical value necessary to determine a confidence interval for a 90% level of confidence? A) 1.533 B) 1.638 C) 2.132 D) 2.353 Answer: D

    = 2 0.4X, what is the value of Y when X = 3? 138. If the regression equation is Y A) 0.8 B) 3.2 C) 10.0 D) 14.0 Answer: B

    214

    Test Bank, Chapter 13

    Fill-in-the-Blank Use the following to answer questions 139-145: A company wants to study the relationship between an employee's length of employment and their number of workdays absent. The company collected the following information on a random sample of seven employees.

    Number of Workdays Absent Length of Employment (in yrs)

    2 5

    3 6

    3 9

    5 4

    7 2

    7 2

    8 0

    141. What is the slope of the linear equation? ________________

    Answer: -0.6852
    142. What is the Y intercept of the linear equation? ______________ Answer: 7.7407 143. What is the least squares equation for the data? ___________________ = 7.7107 - 0.6852X Answer: Y 145. What is the standard error of estimate? _____________ Answer: 1.31 Use the following to answer questions 146-150: The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear = 4094 269X. equation Y 146. What will be the number of housing starts if the interest rate is 8.25%? ___________

    Answer: 1875 (1874.75)


    147. What will be the number of housing starts if the interest rate rose to 16%? __________ Answer: zero (0) since you can't have negative housing starts 148. At what interest rate will there be no permits for housing starts? _________

    Answer: 15.22
    150. For what interest rate will the maximum number of housing starts be achieved? _______ Answer: 0 Multiple Choice Use the following to answer questions 151-160: A sales manager for an advertising agency believes there is a relationship between the number of contacts and the amount of the sales. To verify this belief, the following data was collected:

    Statistical Techniques in Business & Economics, Lind/Marchal/Wathen, 13/e

    215

    Salesperson 1 2 3 4 5 6 7 8 9 10

    Number of Contacts 14 12 20 16 46 23 48 50 55 50

    Sales (in thousands) 24 14 28 30 80 30 90 85 120 110

    153. What is the Y-intercept of the linear equation? A) 12.201 B) 2.1946 C) 2.1946 D) 12.201 Answer: A 154. What is the slope of the linear equation? A) 12.201 B) 12.201 C) 2.1946 D) 2.1946 Answer: C 155. What is the value of the standard error of estimate? A) 9.3104 B) 8.778 C) 8.328 D) 86.68 Answer: A 156. What is the value of the coefficient of correlation? A) 0.6317 B) 0.9754 C) 0.9513 D) 9.3104 Answer: B 157. What is the value of the coefficient of determination? A) 9.3104 B) 0.9754 C) 0.6319 D) 0.9513 Answer: D

    216

    Test Bank, Chapter 13

    158. The 95% confidence interval for 30 calls is A) 55.8, 51.5 B) 51.4, 55.9 C) 46.7, 60.6 D) 31.1, 76.2 Answer: C 159. The 95% prediction interval for a particular person making 30 calls is A) 55.8, 51.5 B) 51.4, 55.9 C) 46.7, 60.6 D) 31.1, 76.2 Answer: D 160. What is the regression equation? = 2.1946 12.201X A) Y = 12.201X + 2.1946X B) Y = 12.201 + 2.1946X C) Y = 2.1946 + 12.201X D) Y Answer: B 166. If testing the hypothesis: H0: = 0, the computed t statistic is: A) 9.45 B) 8.84 C) 8.18 D) Cannot be computed Answer: A

    when X = 4. 167. Estimate the value of Y A) 10.45 B) 3.73 C) 8.20 D) Cannot be computed Answer: C

    Statistical Techniques in Business & Economics, Lind/Marchal/Wathen, 13/e

    217

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