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2. Suppose that xand yare two variables of a population and that the assumptions for regression inferences are met with xas the predictor variable and yas the response variable.

a. What statistic is used to estimate the slope of the population regression line?

b. What statistic is used to estimate the y-intercept of the population regression line?

c. What statistic is used to estimate the common conditional standard deviation of the response variable corresponding to fixed values of the predictor variable?

Short Answer

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Step by step solution

01

Step 1:Given information

Suppose that xand yare two variables of a population and that the assumptions for regression inferences are met with xas the predictor variable and as the response variable.

02

Step 2:Explaination Part (a)

a)

The statistic is used to estimate the slope of the population regression line isb

03

Explaination Part (b)

b)

The statistic is used to estimate the x-intercept of the population regression line is b0

04

Step 4:Explaination Part (c)

C)

The statistic is used to estimate the common conditional standard deviation of the response variable is se.

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Most popular questions from this chapter

In Exercises 14.98-14.108, use the technology of your choice to do the following tasks.
a. Decide whether you can reasonably apply the conditional mean and predicted value t-interval procedures to the data. If so, then also do parts (b)-(f)
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 inter. val that you obtained in part (c) and the prediction interval that you obtained in part (e).

14.99 U.S. Presidents. The data from Exercise 14.35 for the ages at inauguration and of death of the presidents of the United States are on the WeissStats site. Specified value of the predictor variable: 53 years.


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.

Following are the data on the percentage of investments in energy securities and tax efficiency95%,α=0.05 . find and interpret a confidence interval, at the specified confidence level, for the slope of the population regression line that relates the response variable to the predictor variable.

Birdies and Score. How important are birdies (a score of one-under par on a given hole) in determining the final total score of a woman golfer? From the U.S. Women's Open website, we obtained data on number of birdies during a tournament and the final score for 63women golfers. The data are presented on the Weiss Stats site.

a. obtain and interpret the standard error of the estimate.

b. obtain a residual plot and a normal probability plot of the residuals.

c. decide whether you can reasonably consider Assumptions 1-3for regression inferences met by the two variables under consideration.

Explain why the predictor variable is useless as a predictor of the response variable if the slope of the population regression line is 0.

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