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

What would the null and alternate hypothesis be for the

What would the null and alternate hypothesis be for, " The airlines claim that complaints average less than 15 per month per airport. To investigate the problem an independent watchdog agency contacted a random sample of ...

The following tables depict the preferences of three

The following tables depict the preferences of three universities regarding a set of applicants, and the preferences of the applicants regarding the universities. Every university also has a specified quota for the numbe ...

A simple random sample of 120 men results in a mean of 80

A simple random sample of 120 men results in a mean of 80 beats per minute, and a standard deviation of 11 beats per minute. Based on the sample results, the researcher concludes that the pulse rates of men have a standa ...

1 what kind of variance does the mean square within-groups

1. What kind of variance does the mean square within-groups (MS wg ) reflect? 2. The sum of squares between-groups (SS bg ) reflects the degree to which the condition means vary around the __________.

1 does the average iq for residents of a state vary with

1. Does the average IQ for residents of a state vary with the amount that the state spends on education? Seven of the 50 U.S. states were randomly selected. The amount that each spent per student (in thousands of dollars ...

Roger reports i ascribe probability 03 to the philadelphia

Roger reports: I ascribe probability 0.3 to "the Philadelphia Phillies will win the World Series next year, Chris ascribes probability 0.4 to their winning the World Series and to me ascribing probability 0.4 that they w ...

Although quasi-experimental designs are widely accepted in

Although quasi-experimental designs are widely accepted in behavioral science, some researchers are troubled by the fact that the evidence provided by quasiexperiments is seldom as conclusive as that provided by true exp ...

A bakery was taken to court for selling loaves of bread

A bakery was taken to court for selling loaves of bread that were underweight. These loaveswere advertised as weighing 24 ounces. In its defense, the bakery claimed that the advertisedweight was meant to imply not that e ...

1 must all experiments include a control group explain2 in

1. Must all experiments include a control group? Explain. 2. In what way do researchers take a risk if they do not pilot test the independent variable they plan to use in an experiment?

Generally researchers are more concerned about making a

Generally, researchers are more concerned about making a Type I error than a Type II error. Can you think of any instances in which you might be more concerned about making a Type II error?

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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