Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Refer to Patient satisfaction Problem 6.15. Assume that regression model (6.5) for three predictor variables with independent normal error terms is appropriate.

a. Test whether there is a regression relation; use  = 10. State the alternatives, decision rule, and conclusion. What does your test imply about ßl ß2, and ß3? What is the P-value of the test?

b. Obtain joint interval estimates of ßI. ß2' and ß3, using a 90 percent family confidence coefficient. Interpret your results.

c. Calculate the coefficient of multiple determination. What does it indicate here?

Problem 6.15

Patient satisfaction. A hospital administrator wished to study the l-elation between patient satisfaction (Y) and patient's age (X I, in years), severity of illness (X2, an index), and anxiety level (X3 an index). The administrator randomly selected 46 patients and collected the data presented below, where larger values of Y, X2 , and X3 are, respectively, associated with more satisfaction, increased severity of illness, and more anxiety.

a. Prepare a stem-and-leaf plot for each of the predictor variables. Are any noteworthy features revealed by these plots?

b. Obtain the scatter plot matrix and the correlation matrix. Interpret these and state your principal findings.

c. Fit regression model (6.5) for three predictor variables to the data and state the estimated regression function. How is b2 interpreted here?

d. Obtain the residuals and prepare a box plot of the residuals. Do there appear to be any outliers?

e. Plot the residuals against , each of the predictor variables, and each two-factor interaction term on separate graphs. Also prepare a normal probability plot. Interpret your plots and summarize your findings.

f. Can you conduct a formal test for lack of fit here?

g. Conduct the Breusch-Pagan test for constancy of the error variance, assuming log σi2 =

 State the alternatives, decision rule, and conclusion.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91835420

Have any Question?


Related Questions in Statistics and Probability

You have two investments that either make money or lose

You have two investments that either make money or lose money. Each one has a 60 percent chance of making money, and a forty percent chance of losing money. There is a 30 percent chance that both investments make money. ...

Consider a binomial probability distribution with p03

Consider a binomial probability distribution with p=0.3. Complete parts a through c below. a. Determine the probability of exactly four successes when n=5 P(4)=

A company is trying to beat the competition to market with

A company is trying to beat the competition to market with a product. They have determined that if they get to market prior to November 1 they will have a revenue stream of $800,000. If they get to market between Novembe ...

A study discovered that americans consumed an average of

A study discovered that Americans consumed an average of 10.7 pounds of chocolate per year. Assume that the annual chocolate consumption follows the normal distribution with a standard deviation of 3.1 pounds. Complete p ...

Abbb-rated corporate bond has a yield to maturity of 128

A? BBB-rated corporate bond has a yield to maturity of 12.8 %. A U.S. treasury security has a yield to maturity of 11.4 %. These yields are quoted as APRs with semiannual compounding. Both bonds pay? semi-annual coupons ...

A quality controller selects 8 items at a predefined

A quality controller selects 8 items at a predefined interval and found that 75% of the time the item was non-defective. Let "S" represent the occurence of a non defective item. Assuming that this experiment is Binomial: ...

What is a financial and economic issue in the healthcare

What is a financial and economic issue in the healthcare industry?

Please help with the below questionsbased on the following

Please help with the below questions: Based on the following project assumptions, determine the NPV and the IRR for the project. Equipment invoice $300,000 Transportation and installation $ 85,000 Training $ 20,000 Proje ...

A random sample of 40 hotel reviews is drawn from a large

A random sample of 40 hotel reviews is drawn from a large population of hotel customers. It's known that 30% of the population left the hotel 1 star, 20% left 2 stars, 20% left 3 stars, and 30% left 4 stars. Give the hot ...

The national safety council reported that 52 of american

The National safety council reported that 52% of American turnpike drivers are men. A sample of 300 cars traveling southbound on the New Jersey Turnpike yesterday revealed that 170 were driven by men. At a 99% level of c ...

  • 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