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In Exercises 14.12-14.21, we repeat the data and provide the sample regression equations for Exercises 4.48 -4.57.

a. Determine the standand error of the estimate.

b. Construct a residual plot.

c. Construct a normal probability plot of the residuals.

Short Answer

Expert verified

The standard error of the estimate2.45.

Step by step solution

01

Part a) Step 1 Given Information

02

Part a Step 2 Explanation

From the above Analysis of variance printout,

We have SSE=6

df=n-1

=3-2

=1

The formula for the standard error of the estimate is given by.

se=SSEn-2

=61

=2.45

Therefore, the standard error of the estimate2.45.

03

Part b Step 1 Given Information

04

Part b Step 2 Explanation

MINITAB procedure: Step 1: Choose Stat > Regression > Regression.

Step 2: In Response, enter the column Low.

Step 3: In Predictors, enter the columns High.

Step 4: In Graphs, enter the columns High under Residuals versus the variables

Step 5: Click OK.

MINITAB output:

Hence the residual plot is drawn.

05

Part c Step 1 Given Information

06

Part c Step 2 Explanation

MINITAB procedure: Step 1: Choose Stat > Regression > Regression.

Step 2: In Response, enter the column Low

Step 3: In Predictors, enter the columns High.

Step 4: In Graphs, select Normal probability plot of residuals.

Step 5: Click OK.

MINITAB output:

Hence, the normal probability plot of the residualsis drawn.,

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Most popular questions from this chapter

Following are the age and price data for corvettes, use α=0.10

presuming that the assumption for regression inference are met, decide at the specified significance level whether the data provide sufficient evidence to conclude that the predictor variable is useful for providing the response variable.


Find a95%prediction interval for the value of the response variable corresponding to the specified value of the predictor variable.

a. Obtain a point estimate for the mean tax efficiency of all mutual fund portfolios with6%of their investments in energy securities.

b. Determine a95%confidence interval for the mean tax efficiency of all mutual fund portfolios with6%of their investments in energy securities.

c. Find the predicted tax efficiency of a mutual fund portfolio with 6%of its investments in energy securities.

d. Determine a 95%prediction interval for the tax efficiency of a mutual fund portfolio with 6%of its investments in energy securities.

In Exercises 14.98-14.108, use the technology of your choice to do the following tasks.
a. Decide whether your can reasonably apply the conditional mean and predicted value t-interval procedures to the data. If so, then also do parts (b)-(h).
b. Determine and interpret a point estimate for the conditional mean of the response variable corresponding to the specified value of the predictor variable.
c. Find and interpret a 95% confidence interval for the conditional mean of the response variable corresponding to the specified value of the predictor variable.
d. Determine and interpret the predicted value of the response variable corresponding to the specified value of the predictor variable.
e. Find and interpret a 95% prediction interval for the value of the response variable corresponding to the specified value of the predictor variable.
f. Compare and discuss the differences between the confidence interval that you obtained in part (c) and the prediction interval that you obtained in part (e).

14.101 Acreage and Value. The data from Exercise 14.37for lot size (in acres) and assessed value (in thousands of dollars) of a sample of homes in a particular area are on the WeissStats site. Specified value of the predictor variable: 2.5 acres.

In Exercises 14.48-14.57, we repeat the information from Exercises 14.12-14.21.

a. Deride, at the lore significance level, whether the data provide sufficient evidence to conclude that xis useful for predicting y.

b. Find a localid="1653240248143" 90%confidence interval for the slope of the population regression line.

y=1+2x

In Exercises 14.70-14.80, use the technology of your choice to do the following tasks.

a. Decide whether you can reasonably apply the regression t-test. If so, then also do part (b).

b. Decide, at the5% significance level, whether the data provide sufficient evidence to conclude that the predictor variable is useful for predicting the response variable.

PCBs and Pelicans.

Use the data points given on the WeissStats site for shell thickness and concentration of PCBs for 60 Anacapa pelican eggs referred to in Exercise 14.40.

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