Question

In: Statistics and Probability

I ONLY NEED PART "e" and "g", parts "a" to "d" have been answered and included...

I ONLY NEED PART "e" and "g", parts "a" to "d" have been answered and included for reference.

3. Here are the world record times for women in the 10,000-meter run over several years.

Record Year

1979

1981

1981

1981

1982

1983

1983

1984

1985

1986

Time (in seconds)

1972.5

1950.8

1972.5

1937.2

1895.3

1895.0

1887.6

1873.8

1859.4

1813.7

  1. Which is the explanatory variable, and which is the response variable?

The explanatory variable is Record Year and the response variable is Time.

  1. Make a scatterplot of these data. (You do not have to include your graph.) Describe what you see (form, direction, strength, outliers).

form = linear, direction = negative, strength = strong, outliers = No

  1. Write the equation of the regression line for predicting record time from year.

y = -23.301 x + 48,100.478

  1. What is the meaning of the slope of your line? What are the units of the slope?

For every additional year, the record Time will decrease by 23.301.

e. What percent of the observed variation in the record times can be explained by your model?

g. The record from 1986 was broken in 1993, with a time of 1771.8 seconds. The record from 1986 was finally broken in 2016, with a time of 1757.5 seconds. Make a new scatterplot of these data, including these two additional points. Describe what you see. Would you use the equation you wrote in part c. to describe this new, bigger data set? Why or why not?

Solutions

Expert Solution

(e)

Percentage of variance in y that is explained by this model is given by R^2, which is given by

Therefore, percentage of variance in y that is explained by this model is given by 0.9113402.

(f)

Scatter plot alongwith the new observations (in black and purple colour) is shown below

Observation: The new observations do not lie in the same line of scatter as the older observations.

Hence, the equaton in part (c) won't be useful for the bigger dataset reason being that the new observations are leverage points and including them would change the slope of the equation considerably.

Hope this was useful. Please leave back any comment.


Related Solutions

I have A B and C answered I only need the answer to D and E....
I have A B and C answered I only need the answer to D and E. I have included the correct answers for A B and C Problem 8-41 (LO. 2, 3, 9) Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $400,000 on May 20, 2016. Lori expects the taxable income derived from her business (without regard to the amount expensed under § 179) to be about $800,000. Lori wants to elect immediate...
This question has been answered, but parts e-g were not included in the answer. 1. The...
This question has been answered, but parts e-g were not included in the answer. 1. The Dragonville’s economy is currently experiencing an inflationary gap. The country’s central bank is determined to help alleviate the problem. Draw a correctly labeled aggregate demand-aggregate supply graph that illustrates Dragonville’s current economy. Name one action that the Dragonville central bank could take to alleviate the economy’s problem. Assume that the central bank enacts one of your policies above. Draw a correctly labeled money market...
I only need D E and F answered I have completed the rest Consider two countries:...
I only need D E and F answered I have completed the rest Consider two countries: Canada (CAN) and Iceland (ICE). Two goods can be produced: gloves (g) and socks (s). Goods are produced only using labour, and the unit labour requirements of the two goods in each country are given in the following table: ??????= 2 ??????= 8 ??????= 3 ??????= 6 Assume that Canada has 3000 units of labour, while Iceland has 1500 units of labour. When setting...
I ONLY NEED PARTS E, F, G! 5. Christina likes only spare ribs, R (measured in...
I ONLY NEED PARTS E, F, G! 5. Christina likes only spare ribs, R (measured in slabs), and fried chicken, C (measured in chickens). Her utility function is U = 10RC2. Christina has $600 income and she pays $5 for a slab of ribs and $10 for a chicken. A. (2 points) Set up the Lagrangian for Christina's constrained utility maximization problem. B. (9 points) Using differential calculus and algebra, find how much of each good she should buy if...
These only need to be short essay answers, I have answered a few already. This is...
These only need to be short essay answers, I have answered a few already. This is due oct. 31st at 11:59 pm ESSAY: RECEIVABLES: Define Accounts Receivable. Accounts Receivable is an account where businesses can keep track of services they have pervaded without the payment from a client. For example, hospitals would use this when journaling the action when a patient is treated without payment. Account Receivables are journaled as increasing with a debit. All of #2 essay questions follow...
I have the answer to part A to D. I need the answer to the rest....
I have the answer to part A to D. I need the answer to the rest. Please help. CVP and Sensitivity Analysis (Single Product). Victoria, Inc., has annual fixed costs totaling $240,000 and variable costs of $6 per unit. Each unit of product is sold for $30. Victoria expects to sell 12,000 units this year (this is the base case). Required: Find the break-even point in units. How many units must be sold to earn an annual profit of $100,000?...
I only need assistance in answering Part 2 questions. Part 1 was included for background information....
I only need assistance in answering Part 2 questions. Part 1 was included for background information. Please and Thank You! Part I – Infertility Issues Jane sat nervously in the examination room. She had no idea what to expect. Her husband, Brian, gave her a reassuring smile and squeezed her hand. There was a knock on the door and then it opened to admit the physician. “Hello, Jane. I’m Dr. Klein and I’ll be doing your fertility assessment today.” “It’s...
Answer only e) to h) problems a) to d) have the answer included Problem 1: Relations...
Answer only e) to h) problems a) to d) have the answer included Problem 1: Relations among Useful Discrete Probability Distributions. A Bernoulli experiment consists of only one trial with two outcomes (success/failure) with probability of success p. The Bernoulli distribution is P (X = k) = pkq1-k, k=0,1 The sum of n independent Bernoulli trials forms a binomial experiment with parameters n and p. The binomial probability distribution provides a simple, easy-to-compute approximation with reasonable accuracy to hypergeometric distribution...
Answer only e) to h) problems a) to d) have the answer included Problem 1: Relations...
Answer only e) to h) problems a) to d) have the answer included Problem 1: Relations among Useful Discrete Probability Distributions. A Bernoulli experiment consists of only one trial with two outcomes (success/failure) with probability of success p. The Bernoulli distribution is P (X = k) = pkq1-k, k=0,1 The sum of n independent Bernoulli trials forms a binomial experiment with parameters n and p. The binomial probability distribution provides a simple, easy-to-compute approximation with reasonable accuracy to hypergeometric distribution...
The whole question has been posted below, but I have answered some of them. I need...
The whole question has been posted below, but I have answered some of them. I need help with questions B, E, and F. I need the critical value in question B. I need the answers for the differences in question E. I need the answers for test statistics in F. Thank you. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- Answer the one-way ANOVA questions using the data below. Use α = 0.01. 1 2 3 4 53 49 47 42 48 34 44 44 39 36...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT