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Statistics
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Basic Business Statistics
Quiz 13: Linear Regression and Correlation
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Question 121
Short Answer
A company wants to study the relationship between an employee's length of employment and their number of workdays absent.The company collected the following information on a random sample of seven employees.
What is the independent variable (X)? _________________
Question 122
Short Answer
A company wants to study the relationship between an employee's length of employment and their number of workdays absent.The company collected the following information on a random sample of seven employees.
What is the dependent variable (Y)? _____________________
Question 123
Short Answer
What is the direction of a regression line if its slope equals zero,indicating a lack of a relationship? ____________________
Question 124
Essay
Select a value for the correlation coefficient and provide a complete interpretation of the correlation coefficient using your selected value.
Question 125
Short Answer
A company wants to study the relationship between an employee's length of employment and their number of workdays absent.The company collected the following information on a random sample of seven employees.
What is the meaning of a negative slope? _________________________
Question 126
Short Answer
The relationship between interest rates as a percent (X)and housing starts (Y)is given by the linear equation
= 4094 - 269X. What happens to housing starts as interest rates fall? ________
Question 127
Short Answer
An assumption of linear regression states that for each value of X,there is a group of Y values that are statistically __________________ and normally distributed about the regression line.
Question 128
Short Answer
What variation does the coefficient of determination measure? _______
Question 129
Short Answer
What is a measure of the scatter of observed values around the regression line called? _______________________________
Question 130
Short Answer
In a regression analysis every value of y is converted to z with the following formula: z = log(y).What is the conversion called? _______
Question 131
Short Answer
How does the prediction interval for an individual value of Y compare to the confidence interval for the mean value of Y? _______________
Question 132
Essay
What are the input and the output of linear regression?
Question 133
Short Answer
A company wants to study the relationship between an employee's length of employment and their number of workdays absent.The company collected the following information on a random sample of seven employees.