Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: The athletic director of State University is interested in developing a multiple regression model that might be used to explain the variation in attendance at football games at his school. A sample of 16 games was selected from home games played during the past 10 seasons. Data for the following factors were determined:
y = Game attendance

x1 = Team win loss percentage to date

x2 = Opponent win>loss percentage to date

x3 = Games played this season

x4 = Temperature at game time The data collected are in the file called Football.

a. Produce scatter plots for each independent variable versus the dependent variable. Based on the scatter plots, produce a model that you believe represents the relationship between the dependent variable and the group of predictor variables represented in the scatter plots.

b. Based on the correlation matrix developed from these data, comment on whether you think a multiple regression model will be effectively developed from these data.

c. Use the sample data to estimate the multiple regression model that contains all four independent variables.

d. What percentage of the total variation in the dependent variable is explained by the four independent variables in the model?

e. Test to determine whether the overall model is statistically significant. Use a = 0.05.

f. Which, if any, of the independent variables is statistically significant? Use a significance level of a = 0.08 and the p-value approach to conduct these tests.

g. Estimate the standard deviation of the model error and discuss whether this regression model is acceptable as a means of predicting the football attendance at State University at any given game.

h. Define the term multicollinearity and indicate the potential problems that multicollinearity can cause
for this model. Indicate what, if any, evidence there is of multicollinearity problems with this regression model. Use the variance inflation factor to assist you in this analysis.

i. Develop a 95% confidence interval estimate for each of the regression coefficients and interpret each estimate. Comment on whether the interpretation of the intercept is relevant in this situation.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92464327
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Choose the correct problem formulation it is known that 70

Choose the correct problem formulation: It is known that 70% of the customers in a sporting goods store purchase a pair of running shoes. A random sample of 25 customers is selected. Assume that customers' purchases are ...

Rippards has a debt ratio of 15 a total asset turnover

Rippard's has a debt ratio of 15%, a total asset turnover ratio of 3.0 and a return on equity (ROE) of 48%. Compute Rippard's net profit margin.

Let x be the random variable that represents the life in

Let X be the random variable that represents the life in hours of a certain electronic device. The probability density function of X X is f(x)=360x 3 f(x)=360x3 , 10≤x≤15 10≤x≤15. Find the expected life of this device.

An investor considers investing 10000 in the stock market

An investor considers investing $10,000 in the stock market. He believes that the probability is 0.30 that the economy will improve, 0.40 that it will stay the same, and 0.30 that it will deteriorate. Further, if the eco ...

In a random sample of 100 college student 60 were females

In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...

A random sample ofnbsp86nbspeighth grade students scores on

A random sample of 86 eighth grade? students' scores on a national mathematics assessment test has a mean score of 292. This test result prompts a state school administrator to declare that the mean score for the? state' ...

The time spent in days waiting for a heart transplant can

The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200.  u=129 o=20.2.  (a) What is the shortest number of days spent that would put a patient in the top ...

Industries recently commissioned management consultants to

Industries recently commissioned management consultants to estimate an appropriate rate for investment projects with the same risk as the firm. Unfortunately, part of the report was lost, and you have been asked to calcu ...

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

For each scenario below what is the appropriate statistical

For each scenario below, what is the appropriate statistical analysis to use? (t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence) and why? (a) A study was conduct ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As