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Simple Linear Regression
Simple Linear Regression
8. The strength of the linear relationship between two numerical variables may be measured
by the:
Your Answer: Y intercept. Refer to the section on "t Test for a Correlation
Coefficient."
Correct Answer: correlation coefficient. Refer to the section on "t Test for a Correlation
Coefficient."
INCORRECT.
INCORRECT. When X and Y are positively correlated, the slope of the least squares
regression line b1 has to be positive and vice versa.
10. Assuming a linear relationship between X and Y, if the coefficient of correlation (r) equals
-0.30:
11.
TABLE 11-1
A candy bar manufacturer is interested in trying to estimate how sales are influenced
by the price of their product. To do this, the company randomly chooses 6 small cities
and offers the candy bar at different prices. Using candy bar sales as the dependent
variable, the company will conduct a simple linear regression on the data below:
Referring to TABLE 11-1, what is the estimated slope parameter for the candy bar price
and sales data?
12. Referring to TABLE 11-1, what is the percentage of the total variation in candy bar sales
explained by the regression model?
13. Referring to TABLE 11-1, what is the standard error of the estimate, SYX, for the data?
14. Referring to TABLE 11-1, what is the standard error of the regression slope estimate, Sb1?
15. Referring to TABLE 11-1, to test that the regression coefficient, b1, is not equal to 0, what
would be the limits of the rejection region for b1? Use a = 0.05.
17. Referring to TABLE 11-1, if the price of the candy bar is set at $2, the predicted sales will
be:
18. The width of the confidence interval estimate for the predicted value of Y is dependent on:
Your Answer: We are 95% confident that the X value will increase by between 15
and 30 units for every one unit increase in Y.
Correct Answer: We are 95% confident that average value of Y will increase by
between 15 and 30 units for every one unit increase in X.
Me: Text
Instructor: Text
TA: Text
Other: Text
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