Sample Final Solutions

Sample Final Solutions
Statistics
1. The model developed from sample data that has the form of is known as
a. regression equation
b. correlation equation
c. estimated regression equation
d. regression model
2. The standard error is the

a. t-statistic squared
b. square root of SSE
c. square root of SST
d. square root of MSE
3. In a simple regression analysis (where Y is a dependent and X an independent variable), if

the Y intercept is positive, then
a. there is a positive correlation between X and Y
b. if X is increased, Y must also increase
c. if Y is increased, X must also increase
d. None of these alternatives is correct.
4. In a regression analysis, the coefficient of correlation is 0.16. The coefficient of

determination in this situation is
a. 0.4000
b. 0.0256
c. 4
d. 2.56
5. In a regression analysis, the variable that is being predicted

a. must have the same units as the variable doing the predicting
b. is the independent variable
c. is the dependent variable
d. usually is denoted by x
6. In regression, if SSE and SST are known, then with this information the
a. coefficient of determination can be computed
b. slope of the line can be computed
c. Y intercept can be computed
d. x intercept can be computed
7. If the coefficient of determination is 0.81, the coefficient of correlation

a. is 0.6561
b. could be either + 0.9 or - 0.9
c. must be positive
d. must be negative
8. A regression analysis between sales (in $1000) and price (in dollars) resulted in the
following equation
= 60 - 8X
The above equation implies that an

a. increase of $1 in price is associated with a decrease of $8 in sales
b. increase of $8 in price is associated with an decrease of $52,000 in sales
c. increase of $1 in price is associated with a decrease of $52 in sales
d. increase of $1 in price is associated with a decrease of $8000 in sales
9. If the coefficient of correlation is 0.90, then the coefficient of determination

a. is also 0.9
b. is either 0.81 or -0.81
c. can be either negative or positive
d. must be 0.81
10. If the coefficient of determination is 0.9, the percentage of variation in the dependent
variable explained by the variation in the independent variable
a. is 0.90%
b. is 90%.
c. is 81%
d. 0.81%
Exhibit 14-5
The following information regarding a dependent variable (Y) and an independent variable
(X) is provided.
Y X
1 1
2 2
3 3
4 4
5 5
11. Refer to Exhibit 14-5. The least squares estimate of the Y intercept is
a. 1
b. 0
c. -1
d. 3
12. Refer to Exhibit 14-5. The least squares estimate of the slope is
a. 1
b. -1
c. 0
d. 3
13. Refer to Exhibit 14-5. The coefficient of correlation is
a. 0
b. -1
c. 0.5
d. 1
14. Refer to Exhibit 14-5. The coefficient of determination is

a. 0
b. -1
c. 0.5
d. 1
15. Refer to Exhibit 14-5. The MSE is

a. 0
b. -1
c. 1
d. 0.5
Exhibit 14-8
The following information regarding a dependent variable Y and an independent variable X
is provided
X = 90 Y - )(X - ) = -156
Y = 340 (X - )2 = 234
n=4 Y - )2 = 1974
SSR = 104
16. Refer to Exhibit 14-8. The total sum of squares (SST) is

a. -156
b. 234
c. 1870
d. 1974
17. Refer to Exhibit 14-8. The sum of squares due to error (SSE) is
a. -156
b. 234
c. 1870
d. 1974
18. Refer to Exhibit 14-8. The mean square error (MSE) is

a. 1870
b. 13
c. 1974
d. 935
19. Refer to Exhibit 14-8. The slope of the regression equation is
a. -0.667
b. 0.667
c. 100
d. -100
20. Refer to Exhibit 14-8. The Y intercept is

a. -0.667
b. 0.667
c. 100
d. -100
21. Refer to Exhibit 14-8. The coefficient of correlation is

a. -0.2295
b. 0.2295
c. 0.0527
d. -0.0572
22. The mathematical equation that explains how the dependent variable y is related to several
independent variables x1, x2, , xp and the error term is
a. a simple nonlinear regression model
b. a multiple regression model
c. an estimated multiple regression equation
d. a multiple regression equation
23. In multiple regression analysis,

a. there can be any number of dependent variables but only one independent variable
b. there must be only one independent variable
c. the coefficient of determination must be larger than 1
d. there can be several independent variables, but only one dependent variable
24. The correct relationship between SST, SSR, and SSE is given by
a. SSR = SST + SSE
b. SSR = SST - SSE
c. SSE = SSR - SST
25. A multiple regression model has the form
As X increases by 1 unit (holding W constant), Y is expected to

a. increase by 11 units
b. decrease by 11 units
c. increase by 6 units
d. decrease by 6 units
Exhibit 15-5
Below you are given a partial Minitab output based on a sample of 25 observations.
Coefficient Standard Error

Constant 145.321 48.682
X1 25.625 9.150
X2 -5.720 3.575
X3 0.823 0.183
26. Refer to Exhibit 15-5. The estimated regression equation is

a.
b.
c.
d.
27. Refer to Exhibit 15-5. The interpretation of the coefficient on X1 is that

a. a one unit change in X1 will lead to a 25.625 unit change in Y
b. a one unit change in X1 will lead to a 25.625 unit increase in Y when all other
variables are held constant
c. a one unit change in X1 will lead to a 25.625 unit increase in X2 when all other
variables are held constant
d. It is impossible to interpret the coefficient.
28. Refer to Exhibit 15-5. We want to test whether the parameter is significant. The test
statistic equals
a. 0.357
b. 2.8
c. 14
d. 1.96
29. Refer to Exhibit 15-5. The t value obtained from the table to test an individual parameter at
the 5% level is (Hint: df = n-4)
a. 2.06
b. 2.069
c. 2.074
d. 2.080
30. Refer to Exhibit 15-5. Carry out the test of significance for the parameter at the 5% level.
The null hypothesis should be (Hint: df = n-4)
a. rejected
b. not rejected
c. revised

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Sample Final Solutions

2. The standard error is the

3. In a simple regression analysis (where Y is a dependent and X an independent variable), if

4. In a regression analysis, the coefficient of correlation is 0.16. The coefficient of

5. In a regression analysis, the variable that is being predicted

7. If the coefficient of determination is 0.81, the coefficient of correlation

The above equation implies that an

9. If the coefficient of correlation is 0.90, then the coefficient of determination

14. Refer to Exhibit 14-5. The coefficient of determination is

15. Refer to Exhibit 14-5. The MSE is

16. Refer to Exhibit 14-8. The total sum of squares (SST) is

18. Refer to Exhibit 14-8. The mean square error (MSE) is

20. Refer to Exhibit 14-8. The Y intercept is

21. Refer to Exhibit 14-8. The coefficient of correlation is

23. In multiple regression analysis,

25. A multiple regression model has the form

As X increases by 1 unit (holding W constant), Y is expected to

Coefficient Standard Error

26. Refer to Exhibit 15-5. The estimated regression equation is

27. Refer to Exhibit 15-5. The interpretation of the coefficient on X1 is that

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