Question

In: Statistics and Probability

Suppose the following data were collected from a sample of 5 car manufacturers relating monthly car...

Suppose the following data were collected from a sample of 5 car manufacturers relating monthly car sales to the number of dealerships and the quarter of the year. Use statistical software to find the following regression equation:

SALESi=b0+b1DEALERSHIPSi+b2QUARTER1i+b3QUARTER2i+b4QUARTER3i+ei

Is there enough evidence to support the claim that on average, car sales are higher in the 4th quarter than in the 3rd quarter at the 0.05 level of significance? If yes, write the regression equation in the spaces provided, rounded to two decimal places. Else, select "There is not enough evidence."

Car Sales
Monthly Sales Number of Dealerships 1st Quarter (1 if Jan.-Mar., 0 otherwise) 2nd Quarter (1 if Apr.-Jun., 0 otherwise) 3rd Quarter (1 if Jul.-Sep., 0 otherwise) 4th Quarter (1 if Oct.-Dec., 0 otherwise)
85401 4 1 0 0 0
101310 8 1 0 0 0
121366 12 1 0 0 0
133695 16 1 0 0 0
194582 20 1 0 0 0
82196 4 0 1 0 0
150452 8 0 1 0 0
242729 12 0 1 0 0
260330 16 0 1 0 0
273428 20 0 1 0 0
65448 4 0 0 1 0
101488 8 0 0 1 0
150143 12 0 0 1 0
165448 16 0 0 1 0
200437 20 0 0 1 0
98501 4 0 0 0 1
200387 8 0 0 0 1
250187 12 0 0 0 1
306530 16 0 0 0 1
389519 20 0 0 0 1

Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.

Solutions

Expert Solution


Related Solutions

Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to...
Suppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+ei. Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.050.05 level of significance? If yes, write the regression equation in the spaces provided with answers...
Suppose the following data were collected from a sample of 15 CEOs relating annual salary to...
Suppose the following data were collected from a sample of 15 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+ei Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.01 level of significance? If yes, write the regression equation in the spaces provided with answers...
Suppose the following data were collected from a sample of 15 CEOs relating annual salary to...
Suppose the following data were collected from a sample of 15 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+ei. Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.05 level of significance? If yes, write the regression equation in the spaces provided with answers...
Suppose the following data were collected from a sample of 1515 houses relating selling price to...
Suppose the following data were collected from a sample of 1515 houses relating selling price to square footage and the architectural style of the house. Which of the following is the best equation to use relating the selling price of a house to square footage and the style of the house? Copy Data Housing Prices Selling Price Square Footage Colonial (1 if house is Colonial style, 0 otherwise) Ranch (1 if house is Ranch style, 0 otherwise) Victorian (1 if...
uppose the following data were collected from a sample of 1515 CEOs relating annual salary to...
uppose the following data were collected from a sample of 1515 CEOs relating annual salary to years of experience and the economic sector their company belongs to. Use statistical software to find the following regression equation: SALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+eiSALARYi=b0+b1EXPERIENCEi+b2SERVICEi+b3INDUSTRIALi+ei. Is there enough evidence to support the claim that on average, CEOs in the service sector have lower salaries than CEOs in the financial sector at the 0.050.05 level of significance? If yes, write the regression equation in the spaces provided with answers...
Suppose the following data were collected relating the selling price of a house to square footage...
Suppose the following data were collected relating the selling price of a house to square footage and whether or not the house is made out of brick. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average brick houses are more expensive than other types of houses at the 0.050.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else,...
Suppose the following data were collected relating the total number of crimes committed to the number...
Suppose the following data were collected relating the total number of crimes committed to the number of police officers and if the town is located in the Southwest. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average there are less crimes in the Southwest than in other regions of the country at the 0.050.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded...
Suppose the following data were collected relating the selling price of a house to square footage...
Suppose the following data were collected relating the selling price of a house to square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else,...
Suppose the following data were collected relating the selling price of a house to square footage...
Suppose the following data were collected relating the selling price of a house to square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else,...
Suppose the following data were collected relating CEO salary to years of experience and gender. Use...
Suppose the following data were collected relating CEO salary to years of experience and gender. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average female CEOs have higher salaries than male CEOs at the 0.01 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence." Salary Experience Female (1 if female, 0 if...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT