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10/12/2015

TheAceStudent:SAINTGBA334MODULE3QUIZ2

SAINTGBA334MODULE3QUIZ2
SAINTGBA334MODULE3QUIZ2
Question1.Question:
Apredictionequationforstartingsalaries(in$1,000s)andSATscoreswasperformedusingsimple
linearregression.Intheregressionprintoutshownabove,whatcanbesaidaboutthelevelof
significancefortheoverallmodel?
ClickheretoviewtheprintoutinExcel.
SATisnotagoodpredictorforstartingsalary.
Thesignificancelevelfortheinterceptindicatesthemodelisnotvalid.
ThesignificancelevelforSATindicatestheslopeisequaltozero.
ThesignificancelevelforSATindicatestheslopeisnotequaltozero.
Noneoftheabovecanbesaidaboutthelevelofsignificance.
Question2.Question:
Alargeschooldistrictisreevaluatingitsteacherssalaries.Theyhavedecidedtouseregression
analysistopredictmeanteacherssalariesateachelementaryschool.Theresearcherusesyears
ofexperiencetopredictsalary.Theresultingregressionequationwas:
Y=23,313.22+1,210.89X,whereY=salary,X=yearsofexperience
Assumeateacherhasfiveyearsofexperience.Whatistheforecastedsalary?
$29,337.22
$29,337.67
$29,367.22
$29,367.67
Question3.Question:
Whichofthefollowingstatementsisfalseconcerningthehypothesistestingprocedurefora
regressionmodel?
TheFteststatisticisused.
Thenullhypothesisisthatthetrueslopecoefficientisequaltozero.
Thenullhypothesisisrejectediftheadjustedr2isabovethecriticalvalue
An?levelmustbeselected.
Thealternativehypothesisisthatthetrueslopecoefficientisnotequaltozero.
Question4.Question:
Ascatterdiagramisusefultodetermineifarelationshipexistsbetweentwovariables.
True
False
Question5.Question:
Anairconditioningandheatingrepairfirmconductedastudytodetermineiftheaverageoutside
temperature,thicknessoftheinsulation,andageoftheheatingequipmentcouldbeusedtopredict
theelectricbillforahomeduringthewintermonthsinHouston,Texas.Theresultingregression
equationwas:
Y=256.891.45X111.26X2+6.10X3,whereY=monthlycost,X1=averagetemperature,X2
=insulationthickness,andX3=ageofheatingequipment
AssumeDecemberhasanaveragetemperatureof45degreesandtheheateris2yearsoldwith
insulationthatis6inchesthick.
Whatistheforecastedmonthlyelectricbill?
$111.88
$127.72
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10/12/2015

TheAceStudent:SAINTGBA334MODULE3QUIZ2

$136.28
$205.72
Question6.Question:
Demandforsoccerballsatanewsportinggoodsstoreisforecastedusingthefollowingregression
equation:Y=98+2.2XwhereXisthenumberofmonthsthatthestorehasbeeninexistence.Let
AprilberepresentedbyX=4.Aprilisassumedtohaveaseasonalityindexof1.15.Whatisthe
forecastforsoccerballdemandforthemonthofApril(roundedtothenearestinteger)?
123
107
100
115
Noneoftheabove
Question7.Question:
Whichofthefollowingisanassumptionoftheregressionmodel?
Theerrorsareindependent.
Theerrorsarenotnormallydistributed.
Theerrorshaveastandarddeviationofzero.
Theerrorshaveanirregularvariance.
Theerrorsfollowaconepattern.
Question8.Question:
Thecoefficientsofeachindependentvariableinamultipleregressionmodelrepresentslopes.
True
False
Question9.Question:
Timeseriesmodelsattempttopredictthefuturebyusinghistoricaldata.
True
False
Question10.Question:
Demandforaparticulartypeofbatteryfluctuatesfromoneweektothenext.Astudyofthelastsix
weeksprovidesthefollowingdemands(indozens):4,5,3,2,8,10(lastweek).Whatisthethe
forecastdemandforthenextweekusingathreeweekmovingaverage.
4.33
6.67
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SAINTGBA334MODULE3QUIZ2

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