Practice_Midterm - STAT 2607 Review Problems Midterm...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
STAT 2607 Review Problems Midterm (Solutions are attached to the end) 1. A Life Insurance Company manager believes that the number of weekly sales concluded by his salesmen can be predicted by the number of follow-up phone calls they make to their clients. He collected the following data on 20 salesmen. Calls: 66 43 57 32 18 59 61 32 48 39 58 54 48 37 29 21 43 62 51 44 Sales: 20 15 18 12 2 21 18 8 14 12 17 16 13 9 9 5 12 18 17 14 where a) What is the response variable in this problem? What is the explanatory (predictor) variable? b) State the simple linear regression model for this problem, and give all the other assumptions needed for a complete regression analysis. c) Find the least squares fitted line. Which of the assumptions in (b), if any, are required for this step? d) Give the interpretation of b 0 and b 1 for this problem . e) Why would it not be appropriate, in this problem, to say that b 0 estimates the average value of Y when X equals 0? f) What does it mean when we say that b 1 is an unbiased estimator of ? Which of the assumptions given in (b) are needed for this to be true? Assuming that the SLR model hypothesized in (b) holds with no violation of the assumptions g) Set up the ANOVA table. h) Test whether there is a significant linear relationship between sales and follow-up phone calls. Use the F-test with = .01. α i) What is the estimated average increase in weekly sales for each extra follow-up phone call? j)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/20/2010 for the course STAT 2606 taught by Professor Waynehorn during the Spring '10 term at Carleton CA.

Page1 / 19

Practice_Midterm - STAT 2607 Review Problems Midterm...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online