Question

The following data are the monthly salaries y and the grade point average for students who obtained a bachelor's degree in business administration with a major in information systems

GPA

2.6

3.4

3.6

3.2

3.5

Monthly salary

3300

3600

4000

3500

3900

3600

Question

1 What is estimate of b1 equal to?

a) 351.1

b) 581.1

c) 842.5

d) 15.8

2) What is estimate of bo equal to?

a) 1290.5

b) 1790.5

c) 1415.8

d) 1612.8

3) What is the value of the coefficient of determination r sq

a) 0.746

b) 0.89

c) -0.780

d) 0.955

Answer #1

**Answer:**

1) Estimation of b1= 581.1

(Option b)

2 )Estimation of b0= 1790.5

(Option b)

3) r = 0.8636

r^2 = (0.8636)2

= 0.746

(Option a)

The following data are the monthly salaries y and the
grade point averages x for students who obtained a
bachelor's degree in business administration.
GPA
Monthly Salary
($)
2.6
3600
3.4
3900
3.6
4300
3.2
3800
3.5
4200
2.9
3900
The estimated regression equation for these data is =
2090.5 + 581.1x and MSE = 21,284.
Round your answer to two decimal places.
a. Develop a point estimate of the starting
salary for a student with a GPA of 3.0 (to...

The following data are
the monthly salaries y and the grade point averages
x for students who obtained a bachelor's degree in
business administration.
GPA
Monthly Salary
($)
2.6
3,500
3.4
3,900
3.6
4,200
3.1
3,800
3.5
4,200
3
2,300
The estimated
regression equation for these data is ŷ = 84.3 + 1,114.3x
and MSE =416,464.
a.
Develop a point estimate of the starting salary for a student with
a GPA of 3.0 (to 1 decimal).
$
b.
Develop a...

The following data are the monthly salaries y and the
grade point averages x for students who obtained a
bachelor's degree in business administration.
GPA
Monthly Salary ($)
2.6
3,500
3.5
3,900
3.6
4,200
3.1
3,700
3.5
4,100
2.9
2,500
The estimated regression equation for these data is =
210 + 1,075x and MSE =247,625.
a. Develop a point estimate of the starting
salary for a student with a GPA of 3.0 (to 1 decimal).
$
b. Develop a 95% confidence...

The following data are the monthly salaries y and the
grade point averages x for students who obtained a
bachelor's degree in business administration.
GPA
Monthly Salary ($)
2.7
3,600
3.5
3,800
3.7
4,200
3.2
3,700
3.4
4,200
2.7
2,400
The estimated regression equation for these data is = -277.3 +
1,227.3x and MSE =217,386.
a. Develop a point estimate of the starting
salary for a student with a GPA of 3.0 (to 1 decimal).
$
b. Develop a 95%...

The following data are the monthly salaries y and the grade
point averages x for students who obtained a bachelor's degree in
business administration. GPA Monthly Salary ($) 2.7 3,500 3.5 3,900
3.7 4,200 3.2 3,700 3.4 4,200 2.7 2,400 The estimated regression
equation for these data is ŷ = -568.2 + 1,318.2x and MSE =181,477.
a. Develop a point estimate of the starting salary for a student
with a GPA of 3.0 (to 1 decimal). $ b. Develop a...

The following data are the monthly salaries y and the grade
point averages x for students who obtained a bachelor's degree in
business administration. GPA Monthly Salary ($) 2.7 3,600 3.4 3,800
3.7 4,200 3.1 3,800 3.5 4,200 2.8 2,300 The estimated regression
equation for these data is = -430 + 1,275x and MSE =293,625. a.
Develop a point estimate of the starting salary for a student with
a GPA of 3.0 (to 1 decimal). $ b. Develop a 95%...

-------------How would part b and c be calculated in
excel ? --------------
The following data are the monthly salaries y and the
grade point averages x for students who obtained a
bachelor's degree in business administration.
GPA
Monthly Salary ($)
2.6
3,500
3.4
3,800
3.6
4,300
3.1
3,700
3.5
4,100
3
2,500
The estimated regression equation for these data is ŷ = 267.1 +
1,057.1x and MSE =303,179.
a. Develop a point estimate of the starting
salary for a student...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 4 minutes ago

asked 10 minutes ago

asked 13 minutes ago

asked 21 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago