6th edition Workshop 7 Individual Problems

6th edition Workshop 7 Individual Problems - Workshop 7...

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Workshop 7 Individual Review Questions Answer Points 12.32 2 b.Compute the p-value and interpret its meaning. p-value 2 Interpret the meaning 1 12.35 5 12.41 5 12.42 2 1 2 12.43 3 b.What as umptions must you make in (a)? 2 13.4 a.Construct a scat er plot. 1 B. Interpret the meaning of the slope, b1, in this problem. 2 Interpret the meaning c. Predict the we kly sales of pet food for stores with 8 fe t of shelf space for pet food. 2 13.16 a.Determine the coef icient of determinations, r squared, and interpret its meaning. 2 B. Determine the standard er or of the estimate. 1 c. How useful do you think this regres ion model is for predicting sales? Explain. 2 13.26 2.5 Insert residual analysis b. Evaluate whether the as umptions of regres ion have be n seriously violated. 2.5 13.34 a.Is it neces ary to compute the Durbin-Watson statistics in this case? Explain. 2.5 2.5 13.76 B0 1 Insert the scat er plot. B1 b.Interpret the meaning of the Y ntercept, b0 and the slope, b1, in this problem. 0.5 Price: 1 d.Determine the coef icient of determinations, r squared, and interpret its meaning. 0.5 e. Perform a residual analysis on your results and evaluate the regres ion as umptions. 1 Insert residual analysis Evaluate the assumptions. 0.5 g. Construct a 95% confience interval estimate of the population slope. Upper 0.5 Lower Total: 50 1. 1. Complete six of the fol owing problems from the text book. Note: use Excel whenever pos ible. The Chapter Problems forum, Workshop Seven thread is available for you to ask questions and to as ist your peers with their questions: a. Chapter 12: 12.32, 12.35, 12.41 through 12.43. b. Chapter 13: 13.4, 13.16, 13.26, 13.34, and 13.76 2. Submit your answers via Submit As ignments. 2. Save your work and submit your answers via Submit As ignments. Al work MUST be shown on the appropriate worksheet; Link each appropriate box to the location cel on the specific worksheet that contains the answer. Remember that your ful work must be contained on the appropriate worksheet
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This note was uploaded on 02/12/2012 for the course MBA 551 taught by Professor Smith during the Spring '11 term at Indiana Wesleyan.

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6th edition Workshop 7 Individual Problems - Workshop 7...

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