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Repeat problem 1 for the data of problem 3.

Problem 1
Carry out an F test for a linear relationship in problem 2. Compare your results with those of the t test.

Problem 2
Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product. Suppose that the following data are available on market share, in percentage (Y ), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure (X ):

X: 27 39 73 66 33 43 47 55 60 68 70 75 82
Y:  2   3  10   9   4   6   5   8   7   9 10 13 12

Estimate the simple linear regression relationship between market share and product quality rating.

Problem 3
For the data given below, regress one variable on the other. Is there an implication of causality, or are both variables affected by a third?

 

Sample of annual transactions ($ millions)

Year

Credit card

Online debit card

2002

156

211

2003

204

280

2004

279

386

2005

472

551

2006

822

684

2007

1,213

905

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92191645

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