MGMT 2000 Test 1 2009

# MGMT 2000 Test 1 2009 - MGMT 2000 MIDTERM TEST V1 November...

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MGMT 2000 MIDTERM TEST V1 November 4, 2009 Name: _________________________________________ Signature: ______________________________________ Student #: ______________________________ Section: _________________ Question Score Maximum 1 19 2 9 Part B 22 TOTAL 50 Instructions: 1. Answer all questions in Part A on the test. Do all work on the question paper. 2. Answer all questions in Part B (T/F and MC) using the provided bubble sheets. No work is to be shown for Part B. 3. You may use a calculator that complies with the accepted standards for tests at Schulich. You must use your own calculator – no sharing. 4. You will be provided with an aid sheet. 5. No other aids are allowed. 6. There are a total of 50 points on this test. The number of points for each question (and each subsection) are shown beside the question. Budget your time accordingly. Total time for the test is 1 hour and 20 minutes.

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PART A - QUESTION 1 [19 points] An actuary for a life insurance company gathered data on 100 recently deceased male insured customers. For each customer, age at death of the insured customer was recorded, as well as ages at death of his father and mother. In addition, an indicator variable was set up to identify whether the customer was a smoker (1 = yes; 0 = no). Based upon the sample data available, the actuary wishes to predict a male customer’s age at death. Below is partial output of the multiple regression analysis. SUMMARY OUTPUT Regression Statistics Multiple R 0.8951 R Square 0.8012 Adjusted R Square 0.7950 Standard Error 2.3220 Observations 100 ANOVA df SS MS F Significance F Regression [1] [4] [6] [8] 1.48743E-33 Residual [2] [5] [7] Total [3] 2603.7600 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 27.2278 5.0960 5.3429 6.14845E-07 17.1122 37.3434 Mother 0.3344 0.0475 7.0459 2.79328E-10 0.2402 0.4287 Father 0.3238 0.0448 7.2217 1.21206E-10 0.2348 0.4127 Smoker -3.7377 0.6673 -5.6011 2.02615E-07 -5.0623 -2.4131 1. [2 marks] Clearly define all of the independent variables being considered, using i x for the i th independent variable.
2. [4 marks] (a) Write out the resulting sample regression equation. (b) Assuming the model to be valid, predict the age at death of a male, smoking customer whose mother died at age 75 and whose father died at age 52. (c) What would the predicted age at death be if this customer is a non-smoker?

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MGMT 2000 Test 1 2009 - MGMT 2000 MIDTERM TEST V1 November...

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