Question

In: Statistics and Probability

1. For which state is the prediction made by the regression line (the Fit) farthest from...

1. For which state is the prediction made by the regression line (the Fit) farthest from the actual ATS? How far off is the prediction?

2. For which state is the prediction made by the regression line (the Fit) closest to the actual ATS? How far off is the prediction?

State PPS T/S Ratio Avg. Salary %Takers Avg. Tot. Score
"Alabama"        4.405 17.2 31.144 10 1035
"Alaska"         8.963 17.6 47.951 48 939
"Arizona"        4.778 19.3 32.175 28 950
"Arkansas"       4.459 17.1 28.934 7 1010
"California"     4.992 24 41.078 46 908
"Colorado"       5.443 18.4 34.571 31 985
"Connecticut"    8.817 14.4 50.045 82 914
"Delaware"       7.03 16.6 39.076 70 902
"Florida"        5.718 19.1 32.588 50 895
"Georgia"        5.193 16.3 32.291 66 859
"Hawaii"         6.078 17.9 38.518 58 895
"Idaho"          4.21 19.1 29.783 16 984
"Illinois"       6.136 17.3 39.431 14 1054
"Indiana"        5.826 17.5 36.785 59 887
"Iowa"           5.483 15.8 31.511 7 1105
"Kansas"         5.817 15.1 34.652 11 1066
"Kentucky"       5.217 17 32.257 12 1005
"Louisiana"      4.761 16.8 26.461 10 1027
"Maine"          6.428 13.8 31.972 70 902
"Maryland"       7.245 17 40.661 65 915
"Massachusetts" 7.287 14.8 40.795 81 913
"Michigan"       6.994 20.1 41.895 13 1038
"Minnesota"      6 17.5 35.948 10 1091
"Mississippi"    4.08 17.5 26.818 5 1041
"Missouri"       5.383 15.5 31.189 10 1051
"Montana"        5.692 16.3 28.785 23 1014
"Nebraska"       5.935 14.5 30.922 10 1056
"Nevada"         5.16 18.7 34.836 31 922
"New Hampshire" 5.859 15.6 34.72 70 941
"New Jersey"     9.774 13.8 46.087 72 904
"New Mexico"     4.586 17.2 28.493 12 1021
"New York"       9.623 15.2 47.612 76 898
"North Carolina" 5.077 16.2 30.793 62 871
"North Dakota"   4.775 15.3 26.327 7 1113
"Ohio"           6.162 16.6 36.802 25 981
"Oklahoma"       4.845 15.5 28.172 11 1032
"Oregon"         6.436 19.9 38.555 53 953
"Pennsylvania"   7.109 17.1 44.51 72 885
"Rhode Island"   7.469 14.7 40.729 70 894
"South Carolina" 4.797 16.4 30.279 60 849
South Dakota"   4.775 14.4 25.994 6 1074
"Tennessee"      4.388 18.6 32.477 14 1045
"Texas"          5.222 15.7 31.223 50 899
"Utah"           3.656 24.3 29.082 6 1082
"Vermont"        6.75 13.8 35.406 70 907
"Virginia"       5.327 14.6 33.987 66 902
"Washington"     5.906 20.2 36.151 50 943
"West Virginia" 6.107 14.8 31.944 19 937
"Wisconsin"      6.93 15.9 37.746 10 1079
"Wyoming"        6.16 14.9 31.285 12 1006

Solutions

Expert Solution

Using Excel, go to Data, select Data Analysis, choose Regression. Put values of PPS, T/S Ratio, Avg. Salary and % Takers in X input range and Avg. Tot. Score in Y input range. Tick Residuals.

Actual ATS Predicted Residuals Absolute Residuals
Alabama        1034.480352 0.519648 0.519647667
Alaska         971.6382515 -32.6383 32.6382515
Arizona        978.6665514 -28.6666 28.66655141
Arkansas       1040.775897 -30.7759 30.77589721
California     924.0755056 -16.0755 16.07550557
Colorado       980.0362431 4.963757 4.963756854
Connecticut    885.791709 28.20829 28.20829097
Delaware       888.0201683 13.97983 13.97983168
Florida        921.3222828 -26.3223 26.32228279
Georgia        880.9507192 -21.9507 21.95071917
Hawaii         912.3583919 -17.3584 17.35839188
Idaho          1007.68232 -23.6823 23.68231961
Illinois       1043.704201 10.2958 10.29579922
Indiana        906.9933144 -19.9933 19.99331437
Iowa           1054.469267 50.53073 50.53073328
Kansas         1051.432433 14.56757 14.56756681
Kentucky       1035.446493 -30.4465 30.44649304
Louisiana      1031.356251 -4.35625 4.356251289
Maine          884.2589979 17.741 17.74100206
Maryland       904.5853131 10.41469 10.41468687
Massachusetts 865.9714617 47.02854 47.02853831
Michigan       1045.394072 -7.39407 7.394072142
Minnesota      1049.065533 41.93447 41.93446708
Mississippi    1040.18137 0.81863 0.818630494
Missouri       1045.764487 5.235513 5.235512916
Montana        1003.741231 10.25877 10.25876948
Nebraska       1051.865841 4.134159 4.134158559
Nevada         977.8020335 -55.802 55.80203348
New Hampshire 878.7944768 62.20552 62.20552322
New Jersey     916.7497368 -12.7497 12.74973677
New Mexico     1026.027197 -5.0272 5.02719736
New York       901.6783559 -3.67836 3.678355935
North Carolina 890.1785627 -19.1786 19.17856266
North Dakota   1045.014418 67.98558 67.98558232
Ohio           1010.642305 -29.6423 29.64230484
Oklahoma       1035.670734 -3.67073 3.670734004
Oregon         922.1949589 30.80504 30.80504108
Pennsylvania   888.4818335 -3.48183 3.481833482
Rhode Island   899.1734525 -5.17345 5.173452474
South Carolina 893.0279083 -44.0279 44.02790833
South Dakota"   1050.490594 23.50941 23.50940585
Tennessee      1019.896189 25.10381 25.10381096
Texas          928.1094027 -29.1094 29.10940266
Utah           1015.107788 66.89221 66.8922119
Vermont        890.8128559 16.18714 16.18714406
Virginia       889.7764846 12.22352 12.22351536
Washington     923.594546 19.40545 19.40545396
West Virginia 1027.105165 -90.1052 90.10516541
Wisconsin      1062.16557 16.83443 16.83442954
Wyoming        1046.476773 -40.4768 40.47677309

1. Prediction for West Virginia is the farthest from Actual ATS.

Value = -90.1052

2. Prediction for Alabama is the closest to Actual ATS.

Value = 0.5196


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