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Statistics
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Statistics for Management and Economics
Quiz 18: Model Building
Path 4
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Question 41
Short Answer
The model y = β
0
+ β
1
x
1
+ β
2
x
2
+ β
3
x
1
x
2
+ ε is a(n)____________________-order polynomial model with ____________________ predictor variables and ____________________.
Question 42
Short Answer
____________________ means that the effect of x
1
on y is influenced by the value of x
2
,and vice versa.
Question 43
Essay
Computer Training Consider the following data for two variables,x and y.The independent variable x represents the amount of training time (in hours)for a salesperson starting in a new computer store to adjust fully,and the dependent variable y represents the weekly sales (in $1000s).
Use statistical software to answer the following question(s). -{Computer Training Narrative} Estimate the value of y when x = 45 using the estimated linear regression equation in the previous question.
Question 44
Short Answer
The model y = β
0
+ β
1
x
1
+ β
2
x
2
+ ε is a(n)____________________-order polynomial model with ____________________ predictor variable(s).
Question 45
Short Answer
In a first-order polynomial model with no interaction,the effect of x
1
on y remains the same no matter what the value of x
2
is.The graph of this model produces straight lines that are ____________________ to each other.