In: Statistics and Probability
A sociologist is interested in the relation between x = number of job changes and y = annual salary (in thousands of dollars) for people living in the Nashville area. A random sample of 10 people employed in Nashville provided the following information.
x (number of job changes) | 5 | 3 | 4 | 6 | 1 | 5 | 9 | 10 | 10 | 3 |
y (Salary in $1000) | 35 | 37 | 36 | 32 | 32 | 38 | 43 | 37 | 40 | 33 |
In this setting we have Σx = 56, Σy = 363, Σx2 = 402, Σy2 = 13,289, and Σxy = 2100.
(c) Find the sample correlation coefficient r and the coefficient of determination. (Round your answers to three decimal places.)
r = | _____ |
r2 = | _____ |
What percentage of variation in y is explained by the
least-squares model? (Round your answer to one decimal
place.)
_____%
(d) Test the claim that the population correlation coefficient
ρ is positive at the 5% level of significance. (Round your
test statistic to three decimal places.)
t =
Find or estimate the P-value of the test statistic.
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P-value > 0.250
0.125 < P-value < 0.250
0.100 < P-value < 0.125
0.075 < P-value < 0.100
0.050 < P-value < 0.075
0.025 < P-value < 0.050
0.010 < P-value < 0.025
0.005 < P-value < 0.010
0.0005 < P-value < 0.005
P-value < 0.0005
Conclusion
Reject the null hypothesis. There is sufficient evidence that ρ > 0.
Reject the null hypothesis. There is insufficient evidence that ρ > 0.
Fail to reject the null hypothesis. There is sufficient evidence that ρ > 0.
Fail to reject the null hypothesis. There is insufficient evidence that ρ > 0.
(e) If someone had x = 6 job changes, what does the
least-squares line predict for y, the annual salary?
(Round your answer to two decimal places.)
________ thousand dollars
(f) Find Se. (Round your answer to two decimal
places.)
Se =
(g) Find a 90% confidence interval for the annual salary of an
individual with x = 6 job changes. (Round your answers to
two decimal places.)
lower limit | _________ thousand dollars |
upper limit | _________ thousand dollars |
(h) Test the claim that the slope β of the population
least-squares line is positive at the 5% level of significance.
(Round your test statistic to three decimal places.)
t =
Find or estimate the P-value of the test statistic.
P-value > 0.250
0.125 < P-value < 0.250
0.100 < P-value < 0.125
0.075 < P-value < 0.100
0.050 < P-value < 0.075
0.025 < P-value < 0.050
0.010 < P-value < 0.025
0.005 < P-value < 0.010
0.0005 < P-value < 0.005
P-value < 0.0005
Conclusion
Reject the null hypothesis. There is sufficient evidence that β > 0.
Reject the null hypothesis. There is insufficient evidence that β > 0.
Fail to reject the null hypothesis. There is sufficient evidence that β > 0.
Fail to reject the null hypothesis. There is insufficient evidence that β > 0.
(i) Find a 90% confidence interval for β and interpret its
meaning. (Round your answers to three decimal places.)
lower limit | _________ |
upper limit | _________ |
Interpretation
A)For each less job change, the annual salary increases by an amount that falls outside the confidence interval.
B)For each less job change, the annual salary increases by an amount that falls within the confidence interval.
C)For each additional job change, the annual salary increases by an amount that falls outside the confidence interval.
D)For each additional job change, the annual salary increases by an amount that falls within the confidence interval.
PLEASE NOTE THIS IS ALL ONE QUESTION. ALL ONE QUESTION. Thanks.
c)
r=0.675
r2 =0.456
45.6%
d)
test statistic t = | r*(√(n-2)/(1-r2))= | 2.588 |
0.010 < P-value < 0.025
Reject the null hypothesis. There is sufficient evidence that ρ > 0.
e)
predicted value = | 36.60 |
f)
Se =√(SSE/(n-2))= | 2.76 |
g_
std error of confidence interval = | s*√(1+1/n+(x0-x̅)2/Sxx)= | 2.8989 | |||||
for 90 % confidence and 8degree of freedom critical t= | 1.860 | ||||||
lower limit = | 31.21 | ||||||
uppr limit = | 41.99 |
h)
test statistic t = | r*(√(n-2)/(1-r2))= | 2.588 |
0.010 < P-value < 0.025
Reject the null hypothesis. There is sufficient evidence that β > 0.
i)
std error of slope sb1 = | s/√SSx= | 0.2937 | ||||
for 90 % confidence and -2degree of freedom critical t= | 1.8600 | |||||
90% confidence interval =b1 -/+ t*standard error= | (0.214,1.307) | |||||
lower limit = | 0.214 | |||||
uppr limit = | 1.307 |
D)For each additional job change, the annual salary increases by an amount that falls within the confidence interva