13.6 Predicting with a Regression Equation
Feeding new x values into a fitted line, the danger of extrapolating beyond the observed range, and how confidence intervals around a forecast are formed.
Introductory Business Statistics 2e, 13.6 Predicting with a Regression Equation
6 exercises
13.6 Exercise 1
We predict that statistics students who earn a grade of 73 on the third exam will earn a grade of 179.08 on the final exam, on average.
a. What would you predict the final exam score to be for a student who scored a 66 on the third exam?
13.6 Exercise 2
We predict that statistics students who earn a grade of 73 on the third exam will earn a grade of 179.08 on the final exam, on average.
b. What would you predict the final exam score to be for a student who scored a 90 on the third exam?
13.6 Exercise 4
True or False? If False, correct it: Suppose you are performing a simple linear regression of Y on X and you test the hypothesis that the slope β is zero against a two-sided alternative. You have observations and your computed test (t) statistic is 2.6. Then your P-value is given by .01 < P < .02, which gives borderline significance (i.e. you would reject at but fail to reject at ).
13.6 Exercise 5
An economist is interested in the possible influence of "Miracle Wheat" on the average yield of wheat in a district. To do so they fit a linear regression of average yield per year against year after introduction of "Miracle Wheat" for a ten year period.
The fitted trend line is
(: Average yield in j year after introduction)
(: j year after introduction).
- What is the estimated average yield for…
13.6 Exercise 6
An interpretation of is that the following part of the Y-variation is associated with which variation in X:
- most
- half
- very little
- one quarter
- none of these
13.6 Exercise 7
Which of the following values of r indicates the most accurate prediction of one variable from another?
Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.