In: Economics
Q24. The coefficient of determination (r2) is calculated as 0.49, then the correlation coefficient:
Q25. A regression line is used for all of the following except one. Which one is not a valid use of a regression line?
Q26. Which choice is not an appropriate description of Yˆ in a regression equation?
Q27. Which of the following is the best way to determine whether or not there is a statistically significant linear relationship between two quantitative variables?
Q28. There is no relationship between variables unless the data points lie in a straight line.
ans (24)
since the coefficient of determination (r2), is similar to the correlation coefficient R. and we have
coefficient of determination (r2)= 0.49 = correlation coefficient (r)
therefore the correct answer is (d) neither of the above.
ans(25)
A regression line is used for all of the following except to determine if a change in X causes a change in Y.
therefore the correct answer is (d) To determine if a change in X causes a change in Y.
ans(26)
the choice which is not an appropriate description of Yˆ in a regression equation is observed response.
therefore the correct answer is (d) observed response
ans(27)
the best way to determine whether or not there is a statistically significant linear relationship between two quantitative variables is to conduct a test of nul hypothesis that the population slope is 0.
therefore the correct answer is (c)
ans(28)
There is no relationship between variables unless the data points lie in a straight line
therefore correct answer is (b) FALSE