Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Interpretation of R-square value 

Mr. Allen Profit is studying companies going public for the first time. He is studying companies going for the first time. He is particularly interested in the relationship between Sales, (X), and the /units sold, (Y). A sample of 10 companies that recently revealed the following information:

 

Sales(X)

14

35

22

29

6

15

17

20

12

29

Units sold(Y)

28

66

38

70

22

27

28

47

14

68

XY

 

Y^

 

e

 

a)       Interpret the meaning of b1.

b)      Name 4 parts of the regression equation.

c)       What is another name of r2 since r2 is the symbol?

d)      Complete table and sum each column

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M918121

Have any Question? 


Related Questions in Statistics and Probability

Two sets of chromium analyses were performed on water

Two sets of chromium analyses were performed on water samples from a stream that runs near a chromium plating plant:                  Before the spill                                After the spill Mean :           0.95 ...

The initial research proposal will consist of the following

The initial research proposal will consist of the following SIX (6) items: 1. Identify a business research topic 2. Define the research questions for the identified problem or opportunity 3. Select the appropriate resear ...

What is the difference between dependent and independent

What is the difference between dependent and independent variables? On which side of the regression equation does each lie? Describe how Doane's rule relates to the number of allowed independent variables.  Why is this i ...

1 why do researchers calculate the coefficient of

1. Why do researchers calculate the coefficient of determination? 2. What does a coefficient of determination of .40 indicate?

The premise a few years have passed and your survivor group

The premise: a few years have passed, and your survivor group has grown due to the merger with another group of survivors. You still maintain the position as the intellectual of the group because you are a historian.  Al ...

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?

Each of the following sentences violates a basic rule of

Each of the following sentences violates a basic rule of report writing. Indicate the relevant difficulty in each case. a. "The scale was coded to assess optimism, or lack thereof, in the participants." b. "Seven of the ...

1 one factor in determining the shelf life of a dry cereal

1) One factor in determining the shelf life of a dry cereal is the moisture content.  Since standard packaging techniques do not completely prevent cereal from absorbing moisture, the longer it stays on the shelf, the mo ...

During a certain week the mean price of gas was 2709 per

During a certain week the mean price of gas was $2.709 per gallon. A random sample of 35 gas stations is drawn from this population. What is the probability that the mean price for the sample was $2.697 and $2.716 that w ...

The borda and condorcet methods- the following example was

The Borda and Condorcet Methods :- The following example was presented by Condorcet, in a critique of the Borda Method. A committee composed of 81 members is to choose a winner from among three candidates, A, B, and C. T ...

  • 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