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Linear Regression

This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

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Daniel Fong
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
341 views

Linear Regression

This document contains multiple choice questions about linear regression and correlation. It discusses calculating the slope, y-intercept, standard error of estimate, and confidence intervals from datasets. It also contains questions about predicting values based on regression equations derived from sample data about relationships between variables like number of contacts/sales, interest rates/housing starts.

Uploaded by

Daniel Fong
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Chapter 13 Linear Regression and Correlation

Multiple Choice Use the following to answer questions 133-138: Given the following five points: (2,0), (1,0), (0,1), (1,1), and (2,3). 133. What is the slope of the line? A) 0.0 B) 0.5 C) 0.6 D) 0.7 Answer: D 134. What is the Y intercept? A) 0.0 B) 0.7 C) 1.0 D) 1.5 Answer: C 135. What is the standard error of the estimate? A) 0 B) 0.135 C) 0.367 D) 0.606 Answer: D 136. What is the critical value necessary to determine a confidence interval for a 95% level of confidence? A) 2.132 B) 2.353 C) 2.776 D) 3.182 Answer: D 137. What is the critical value necessary to determine a confidence interval for a 90% level of confidence? A) 1.533 B) 1.638 C) 2.132 D) 2.353 Answer: D

= 2 0.4X, what is the value of Y when X = 3? 138. If the regression equation is Y A) 0.8 B) 3.2 C) 10.0 D) 14.0 Answer: B

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Test Bank, Chapter 13

Fill-in-the-Blank Use the following to answer questions 139-145: A company wants to study the relationship between an employee's length of employment and their number of workdays absent. The company collected the following information on a random sample of seven employees.

Number of Workdays Absent Length of Employment (in yrs)

2 5

3 6

3 9

5 4

7 2

7 2

8 0

141. What is the slope of the linear equation? ________________

Answer: -0.6852
142. What is the Y intercept of the linear equation? ______________ Answer: 7.7407 143. What is the least squares equation for the data? ___________________ = 7.7107 - 0.6852X Answer: Y 145. What is the standard error of estimate? _____________ Answer: 1.31 Use the following to answer questions 146-150: The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear = 4094 269X. equation Y 146. What will be the number of housing starts if the interest rate is 8.25%? ___________

Answer: 1875 (1874.75)


147. What will be the number of housing starts if the interest rate rose to 16%? __________ Answer: zero (0) since you can't have negative housing starts 148. At what interest rate will there be no permits for housing starts? _________

Answer: 15.22
150. For what interest rate will the maximum number of housing starts be achieved? _______ Answer: 0 Multiple Choice Use the following to answer questions 151-160: A sales manager for an advertising agency believes there is a relationship between the number of contacts and the amount of the sales. To verify this belief, the following data was collected:

Statistical Techniques in Business & Economics, Lind/Marchal/Wathen, 13/e

215

Salesperson 1 2 3 4 5 6 7 8 9 10

Number of Contacts 14 12 20 16 46 23 48 50 55 50

Sales (in thousands) 24 14 28 30 80 30 90 85 120 110

153. What is the Y-intercept of the linear equation? A) 12.201 B) 2.1946 C) 2.1946 D) 12.201 Answer: A 154. What is the slope of the linear equation? A) 12.201 B) 12.201 C) 2.1946 D) 2.1946 Answer: C 155. What is the value of the standard error of estimate? A) 9.3104 B) 8.778 C) 8.328 D) 86.68 Answer: A 156. What is the value of the coefficient of correlation? A) 0.6317 B) 0.9754 C) 0.9513 D) 9.3104 Answer: B 157. What is the value of the coefficient of determination? A) 9.3104 B) 0.9754 C) 0.6319 D) 0.9513 Answer: D

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Test Bank, Chapter 13

158. The 95% confidence interval for 30 calls is A) 55.8, 51.5 B) 51.4, 55.9 C) 46.7, 60.6 D) 31.1, 76.2 Answer: C 159. The 95% prediction interval for a particular person making 30 calls is A) 55.8, 51.5 B) 51.4, 55.9 C) 46.7, 60.6 D) 31.1, 76.2 Answer: D 160. What is the regression equation? = 2.1946 12.201X A) Y = 12.201X + 2.1946X B) Y = 12.201 + 2.1946X C) Y = 2.1946 + 12.201X D) Y Answer: B 166. If testing the hypothesis: H0: = 0, the computed t statistic is: A) 9.45 B) 8.84 C) 8.18 D) Cannot be computed Answer: A

when X = 4. 167. Estimate the value of Y A) 10.45 B) 3.73 C) 8.20 D) Cannot be computed Answer: C

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