Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

a.Comparing the amount of money people spend and the amount people save, your analysis revealed an R-squared=0.97. Should you use this for predictive purposes and why?

b.Comparing the number of cops on our streets and the number of reported crimes, your analysis revealed an R-squared=0.40. Should you use this for predictive purposes and why?
c.How could this apply in your profession?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M944717

Have any Question? 


Related Questions in Statistics and Probability

Nicollette joined towson university basketball team since

Nicollette joined Towson University basketball team since summer 2015. On average, she is able to score 30% of the field goals. Assume she tries 15 field goals in a game. (a) Let X be the number of field goals that Mimi ...

1e model for a simple linear regression

1. Recall the model for a simple linear regression:  where  is Normally distributed with mean 0 and variance , where Cov( ) = 0 for all i, j and Cov(  = 0 for all i,j.A day trader wishes to develop a prediction model for ...

1 true or false justify for

1. True or False. Justify for fullcredit. (a) A is an event, and Ac is the complement of A, then P(A AND Ac ) =0. (b) If the variance of a data set is 0, then all the observations in this data set must bezero. (c) If a 9 ...

1 how did commerce at this stage of societal development

1. How did commerce at this stage of societal development influence the decisions/actions of governments? Some very specific results of these decisions influenced the circumstances we have today. Be sure to include addit ...

If the difference between two means is not statistically

If the difference between two means is not statistically significant, how certain are you that the independent variable really does not affect the dependent variable?

Suppose the mean test scores for a college enter exam is

Suppose the mean test scores for a college enter exam is normally distributed with mean = 78 and standard deviation = 12. a). If an individual student is selected at random, what is the probability that this student's sc ...

Your assignment this week is to describe structural

Your assignment this week is to describe structural equation modeling in which you include: (a) a comparison of the first and second generation models of structural equation modeling and their related major assumptions, ...

Thirty percent of the time a sale at food shoppe is paid

Thirty percent of the time, a sale at Food Shoppe is paid using a store-issued credit card. A sample of 18 Food Shoppe sales is obtained. Let X represent the number of sales paid for using the store-issued credit card. W ...

Putting measurement to workthis exercise gives you the

Putting Measurement to Work This exercise gives you the opportunity to develop a measurement strategy of your own. 1. Identify an area of the social sciences you know something about (aging, marriage and the family, crim ...

Read full english transcript of osama bin ladens speechwhat

Read: full English transcript of Osama bin Laden's speech What are some examples of bin Laden's complaints against Western society? What seems to be his plan for the Islamic world?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen