In: Statistics and Probability
1.
Suppose that the regression equation y = 16.99 + 0.32 x1 + 0.41 x2 + 5.31 x3 predicts an adult’s height (y) given the individual’s mother’s height (x1), his or her father’s height (x2), and whether the individual is male (x3 = 1) or female (x3 = 0). All heights are measured in inches. In this equation, the coefficient of ______ means that ______.
x2; if two individuals have fathers whose heights differ by 1 inch, then the individuals’ heights will differ by 0.41 inches.
x2; if two individuals have mothers whose heights differ by 1 inch, then the individuals’ heights will differ by 0.41 inches.
x1; if two individuals have mothers whose heights differ by 0.5 inch, then the individuals’ heights will differ by 0.32 inch.
x3; a brother is expected to be 5.31 inches taller than his sister
x1; if two individuals have mothers whose heights differ by 0.32 inch, then the individuals’ heights will differ by 1 inch.
2.The following is a partial computer output of
a multiple regression analysis of a data set containing 20 sets of
observations on the dependent variable
The regression equation is
SALEPRIC = 1470 + 0.814 LANDVAL + 0.820 IMPROVAL + 13.5
AREA
Predictor |
Coef |
SE Coef |
T |
P |
---|---|---|---|---|
Constant |
1470 | 5746 | 0.26 | 0.801 |
LANDVAL |
0.8145 | 0.5122 | 1.59 | 0.131 |
IMPROVAL |
0.8204 | 0.2112 | 3.88 | 0.0001 |
AREA |
13.529 | 6.586 | 2.05 | 0.057 |
S = 79190.48 | R-Sq = 89.7% | R-Sq(adj) = 87.8% |
Analysis of Variance
Source |
DF |
SS |
MS |
---|---|---|---|
Regression |
3 | 8779676741 | 2926558914 |
Residual Error |
16 | 1003491259 | 62718204 |
Total |
19 | 9783168000 |
For the problem above, we want to carry out the significance test
about the coefficient of LANDVAL, what is the t-value for this
test, and is it significant?
46.66, significant
1.59, not significant
2.05, significant
0.26, not significant
3.
A real estate analyst has developed a multiple regression line,
y = 60 + 0.068 x1 – 2.5
x2, to predict y = the market
price of a home (in $1,000s), using independent variables,
x1 = the total number of square feet of living
space, and x2 = the age of the house in years.
The regression coefficient of x1 suggests this:
__________.
The addition of 1 square foot area of living space results in a predicted increase of $0.068 in the price of the home if the age of the home were held constant
The addition of 1 square foot area of living space results in a predicted increase of $68.00 in the price of the home if the age of the home were held constant
The addition of 1 square foot area of living space results in a predicted increase of $68.00 in the price of the home with the age of the home allowed to vary
The addition of 1 square foot area of living space results in a predicted increase of $0.068 in the price of the home for homes of different ages
4.The test statistic used to test the overall significance of a
multiple regression model, the null hypothesis that each one the
β-coefficients of the x-variables in the model is equal to
zero, is tested against the alternative hypothesis that at least
one the β-coefficients of the x-variables in the model is
≠ zero, is the __________.
χ2 statistic
F value from the F-distribution tables
t statistic
F value calculated as mean square regression divided by mean square error
5.When additional independent variables are added to a simple
linear regression, the coefficient of determination,
R2 may __________.
become negative
increase or stay the same
stay the same
decrease or stay the same
Sol:
1).
. x3; a brother is expected to be 5.31 inches taller than his sister.
2).
Option 1.59 and not significant
From the output provided
LANDVAL Coefficient = 0.8145
T value = 1.59
p value = 0.131
Since p value > 0.05 it is not significant
(commonly used p value is of 0.05
3).
0.068 * 1000 = $68
The addition of 1 square foot area of living space results in a predicted increase of $68.00 in the price of the home if the age of the home were held constant.
4).
The null hypothesis H0 : each one theβ-coefficients of the x-variables in the model is equal to zero
against alternative hypothesis H1 : at least one theβ-coefficients of the x-variables in the model is ≠ zero
The test statistic used to test the overall significance of a multiple regression model -
ans-> F value calculated as mean square regression divided by mean square error.
5).
When additional independent variables are added to a simple linear regression, the coefficient of determination, R2 may increase due to R-squared higher because it has more predictors
Therefore ,
increase of stay the same
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