Académique Documents
Professionnel Documents
Culture Documents
THENEXTQUESTIONSAREBASEDONTHEFOLLOWINGINFORMATION:
Themanagerofaused-cardealershipisveryinterestedintheresalepriceofusedcars.Themanagerfeelsthattheageof
thecarisimportantindeterminingtheresalevalue.Hecollectsdataontheageandresalevalueof15carsandrunsa
regressionanalysiswiththevalueofthecar(inthousandsofdollars)asthedependentvariableandtheageofthecar(in
years)astheindependentvariable.Unfortunately,hespilledhiscoffeeontheprintoutandlostsomeoftheresults,
identifiedbyAthroughF.Thepartialresultsleftaredisplayedbelow.
1) Whatisthevalueof*A*?
A) 0.67
B) 0.442
C) 0.195
D) 0.805
B) 2.58
C) 3.95
D) 3.75
B) 162.42
C) 182.99
D) 140.03
B) 3.06
C) 22.96
D) 9.35
B) -0.278
C) -1.136
D) 1.136
C) 0.025
D) 0.05
2) Whatisthevalueof*B*?
A) 6.67
3) Whatisthevalueof*D*?
A) 172.25
4) Whatisthevalueof*E*?
A) 9.82
5) Whatisthevalueof*F*?
A) 0.278
6) Whatistheapproximatevalueof*G*?
A) 0.10
B) 0.01
THENEXTQUESTIONSAREBASEDONTHEFOLLOWINGINFORMATION:
Supposewehavethefollowinginformationfromasimpleregression:b0 =117.4,b1 =-14.39,sb0 =0.18,sb1 =0.18,n=300,
x =4.3,SST=17045,andSSE=12053.
7) Whatisthecoefficientofdetermination?
A) 0.4671
B) 0.5408
C) 0.2929
D) 0.7122
B) 0.6834
C) 0.5412
D) -0.5412
B) 103.08
C) 55.52
D) 179.23
8) Whatisthecorrelationcoefficient?
A) -0.6834
9) WhatisthesamplemeanofY?
A) 74.37
B) 55.52 6.21
C) 55.52 18.63
D) 55.52 12.42
THENEXTQUESTIONSAREBASEDONTHEFOLLOWINGINFORMATION:
Asalesmanagerisinterestedindeterminingtherelationshipbetweentheamountspentonadvertisingandtotalsales.The
managercollectsdataforthepast24monthsandrunsaregressionofsalesonadvertisingexpenditures.Theresultsare
presentedbelowbut,unfortunately,somevaluesidentifiedbyasterisksaremissing.
11) Whatarethedegreesoffreedomforresiduals?
A) 22
B) 24
C) 23
D) 21
12) Whatisthevalueofmeansquareerror?
A) 1678.9
B) 1,554.2
C) 1,407.3
D) 1,493.6
C) 21
D) 23
C) 10,130.5
D) 11,759.9
13) Whatarethetotaldegreesoffreedom?
A) 22
B) 24
14) Whatisthevalueofresidualsumofsquares?
A) 10,945.2
B) 36,935.8
THENEXTQUESTIONSAREBASEDONTHEFOLLOWINGINFORMATION:
Theresultsofaregressionanalysisarelistedbelowbut,unfortunately,somevaluesasidentifiedbyasterisksaremissing.
15) Calculatethecoefficientofdetermination.
16) Determinethemeansquareerror.
17) Determinethestandarderrorofestimate.
18) Calculatetheregressionsumofsquares.
19) WhatisthevalueoftheteststatisticF?
20) Calculatetheslopecoefficient.
21) Whatisthep-valueassociatedwiththeindependentvariableage?
3
THENEXTQUESTIONSAREBASEDONTHEFOLLOWINGINFORMATION:
Supposethatyouareinterestedintherelationshipbetweenthereturnrateonastockin2005,comparedtothereturnratein
2004.Youbelievethatthereturnratesinbothyearsarepositivelycorrelated.Asampleof15stocksyieldsthefollowing
regressionresults:b0 =5.3,b1 =1.04,sb0 =1.79,sb1 =0.2163,R2 =0.64,andMSE=35.4.
22) Howwouldyouslopecoefficientb1 ?
23) Whatistheleastsquaresregressionline?
24) WhatisthepredictedvalueofYwhenX= 5?
25) Calculatetheerrorsumofsquares.
26) Calculatethetotalsumofsquares.
27) Calculatetheregressionsumofsquares.
28) Whatisthecorrelationcoefficientforthestockreturnsofthetwoyears?Whatsigndoesithave?Why?
29) Whataretheappropriatenullandalternativehypotheses?
30) TestH0 :1 =0vs.H1 :1 >0at=0.025.
AnswerKey
Testname:DUALMBAPRACTICE4
1) C
2) D
3) C
4) C
5) C
6) A
7) C
8) D
9) C
10) D
11) A
12) A
13) D
14) B
15) R2 =(MultipleR)2 =(0.187)2 =0.03497
16) MSE=SSE/(n-2)=3609911959.868/113 = 31946123.53
17) se= MSE= 31946123.53=5652.09
18) Forsimplelinearregression,SSR=MSR=130433116.219
19) F=MSR/MSE=130433116.219/31946123.53 = 4.0829
20) t=b1 /sb1 2.021=b1 /34.625b1 =69.977
21) p-value=significanceFinANOVAtable= 0.046
22) Forevery1%increaseinrateofreturnin2004,wewouldexpectthereturnratein2005toincrease,onaverage,by
1.04%.
^
23) y =5.3+1.04X
^
24) y =10.5
SSE SSE
=
SSE=460.2
n-2 13
460.2
SSE
=1-
SST=460.2/0.36=1278.33
26) R2 =0.64=1SST
SST
25) MSE=35.4=
27) SSR=SST-SSE=127.33-460.2=818.13
28) r= R2 =+ 0.64=0.80.Ithasapositivesignsinceb1 =1.04ispositive.
29) H0 :=0andH1 :>0
30) Theteststatistict=(b1 -1 )/sb1 =1.04/0.2163= 4.808. .Since,tn-2, = t13,0.025 = 2.16,werejectH0 at=0.025and
concludethatthereisapositivelinearrelationshipbetweenthestockreturnsin2004and2005.