document.write( "Question 518971: 1. Which of the following statements regarding the coefficient of correlation is true?
\n" ); document.write( " A) It ranges from –1.0 to +1.0 inclusive
\n" ); document.write( " B) It measures the strength of the relationship between two variables
\n" ); document.write( " C) A value of 0.00 indicates two variables are not related
\n" ); document.write( " D) All of the above
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 2. What does a coefficient of correlation of 0.70 infer?
\n" ); document.write( " A) Almost no correlation because 0.70 is close to 1.0
\n" ); document.write( " B) 70% of the variation in one variable is explained by the other
\n" ); document.write( " C) Coefficient of determination is 0.49
\n" ); document.write( " D) Coefficient of nondetermination is 0.30
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 3. If the correlation coefficient between two variables equals zero, what can be said of the variables X and Y?
\n" ); document.write( " A) Not related
\n" ); document.write( " B) Dependent on each other
\n" ); document.write( " C) Highly related
\n" ); document.write( " D) All of the above are correct
\n" ); document.write( " E) None of the above is correct \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 4. What can we conclude if the coefficient of determination is 0.94?
\n" ); document.write( " A) Strength of relationship is 0.94
\n" ); document.write( " B) Direction of relationship is positive
\n" ); document.write( " C) 94% of total variation in one variable is explained by variation in the other variable
\n" ); document.write( " D) All of the above are correct
\n" ); document.write( " E) None of the above is correct \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 5. Which value of r indicates a stronger correlation than 0.40?
\n" ); document.write( " A) –0.30
\n" ); document.write( " B) –0.50
\n" ); document.write( " C) +0.38
\n" ); document.write( " D) 0
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 6. In the regression equation, what does the letter “a” represent?
\n" ); document.write( " A) Y intercept
\n" ); document.write( " B) Slope of the line
\n" ); document.write( " C) Any value of the independent variable that is selected
\n" ); document.write( " D) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 7. In the regression equation, what does the letter “b” represent?
\n" ); document.write( " A) Y intercept
\n" ); document.write( " B) Slope of the line
\n" ); document.write( " C) Any value of the independent variable that is selected
\n" ); document.write( " D) Value of Y when X=0
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 8. Suppose the least squares regression equation is Y' = 1202 + 1,133X. When X = 3, what does Y' equal?
\n" ); document.write( " A) 5,734
\n" ); document.write( " B) 8,000
\n" ); document.write( " C) 4,601
\n" ); document.write( " D) 4,050
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 9. What is the general form of the regression equation?
\n" ); document.write( " A) Y' = ab
\n" ); document.write( " B) Y' = a + bX
\n" ); document.write( " C) Y' = a – bX
\n" ); document.write( " D) Y' = abX
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 10. Which of the following are true assumptions underlying linear regression: 1) for each value of X, there is a group of Y values which are normally distributed; 2) the means of these normal distributions of Y values all lie on the straight line of regression; and/or 3) the standard deviations of these normal distributions are equal?
\n" ); document.write( " A) Only (1) and (2)
\n" ); document.write( " B) Only (1) and (3)
\n" ); document.write( " C) Only (2) and (3)
\n" ); document.write( " D) All of them
\n" ); document.write( " E) None of them \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 11. Based on the regression equation, we can
\n" ); document.write( " A) predict the value of the dependent variable given a value of the independent variable.
\n" ); document.write( " B) predict the value of the independent variable given a value of the dependent variable.
\n" ); document.write( " C) measure the association between two variables.
\n" ); document.write( " D) all of the above.
\n" ); document.write( " E) none of the above. \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 12. What is the chart called when the paired data (the dependent and independent variables) are plotted?
\n" ); document.write( " A) Scatter diagram
\n" ); document.write( " B) Bar
\n" ); document.write( " C) Pie
\n" ); document.write( " D) Linear regression
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 13. In the equation Y' = a + bX, what is Y'?
\n" ); document.write( " A) Slope of the line
\n" ); document.write( " B) Y intercept
\n" ); document.write( " C) Predicted value of Y, given a specific X value
\n" ); document.write( " D) Value of Y when X=0
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "14. Assume the least squares equation is Y' = 10 + 20X. What does the value of 10 in the equation indicate?
\n" ); document.write( " A) Y intercept
\n" ); document.write( " B) For each unit increased in Y, X increases by 10
\n" ); document.write( " C) For each unit increased in X, Y increases by 10
\n" ); document.write( " D) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 15. In the least squares equation, Y' = 10 + 20X the value of 20 indicates
\n" ); document.write( " A) the Y intercept.
\n" ); document.write( " B) each unit increased in X, Y increases by 20.
\n" ); document.write( " C) each unit increased in Y, X increases by 20.
\n" ); document.write( " D) none of the above. \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 16. If the regression equation is Y' = 2 – 0.4X, what is the value of Y' when
\n" ); document.write( " X = –3?
\n" ); document.write( " A) 0.8
\n" ); document.write( " B) 3.2
\n" ); document.write( " C) –10.0
\n" ); document.write( " D) 14.0
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Use the following to answer questions 17-18:\r
\n" ); document.write( "\n" ); document.write( "A sales manager for an advertising agency believes there is a relationship between the number of contacts and the amount of the sales. To verify this belief, the following data was collected:\r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "17. What is the dependent variable?
\n" ); document.write( " A) Salesperson
\n" ); document.write( " B) Number of contacts
\n" ); document.write( " C) Amount of sales
\n" ); document.write( " D) All the above
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 18. What is the independent variable?
\n" ); document.write( " A) Salesperson
\n" ); document.write( " B) Number of contacts
\n" ); document.write( " C) Amount of sales
\n" ); document.write( " D) All the above
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Use the following to answer question 19:\r
\n" ); document.write( "\n" ); document.write( "A regression analysis yields the following information:
\n" ); document.write( "Y' = 2.24 + 1.49 X\r
\n" ); document.write( "\n" ); document.write( " 19. Estimate the value of Y' when X = 4.
\n" ); document.write( " A) 10.45
\n" ); document.write( " B) 3.73
\n" ); document.write( " C) 8.20
\n" ); document.write( " D) Cannot be computed \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 20. If the coefficient of multiple determination is 0.81, what percent of variation is not explained?
\n" ); document.write( " A) 19%
\n" ); document.write( " B) 90%
\n" ); document.write( " C) 66%
\n" ); document.write( " D) 81%
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 21. When does multicollinearity occur in a multiple regression analysis?
\n" ); document.write( " A) Dependent variables are highly correlated
\n" ); document.write( " B) Independent variables are minimally correlated
\n" ); document.write( " C) Independent variables are highly correlated
\n" ); document.write( " D) Independent variables have no correlation
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 22. How is the Y intercept in the multiple regression equation represented?
\n" ); document.write( " A) b1
\n" ); document.write( " B) x1
\n" ); document.write( " C) b2
\n" ); document.write( " D) x2
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 23. In multiple regression, a dummy variable can be included in a multiple regression model as
\n" ); document.write( " A) An additional quantitative variable
\n" ); document.write( " B) A nominal variable with three or more values
\n" ); document.write( " C) A nominal variable with only two values
\n" ); document.write( " D) A new regression coefficient \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 24. Multiple regression analysis is applied when analyzing the relationship between
\n" ); document.write( " A) An independent variable and several dependent variables
\n" ); document.write( " B) A dependent variable and several independent variables
\n" ); document.write( " C) Several dependent variables and several independent variables
\n" ); document.write( " D) Several regression equations and a single sample
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Use the following to answer questions 25-28:\r
\n" ); document.write( "\n" ); document.write( "The following correlations were computed as part of a multiple regression analysis that used education, job, and age to predict income.\r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 25. What is this table called?
\n" ); document.write( " A) Net regression coefficients
\n" ); document.write( " B) Coefficients of nondetermination
\n" ); document.write( " C) Analysis of variance
\n" ); document.write( " D) Correlation matrix
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 26. Which is the dependent variable?
\n" ); document.write( " A) Income
\n" ); document.write( " B) Age
\n" ); document.write( " C) Education
\n" ); document.write( " D) Job
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 27. Which independent variable has the strongest association with the dependent variable?
\n" ); document.write( " A) Income
\n" ); document.write( " B) Age
\n" ); document.write( " C) Education
\n" ); document.write( " D) Job
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "\n" ); document.write( " 28. Which independent variable has the weakest association with the dependent variable?
\n" ); document.write( " A) Income
\n" ); document.write( " B) Age
\n" ); document.write( " C) Education
\n" ); document.write( " D) Job
\n" ); document.write( " E) None of the above \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Use the following to answer question 29:\r
\n" ); document.write( "\n" ); document.write( "Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's). The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output:\r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 29. Which one of the following is the dependent variable?
\n" ); document.write( " A) Age
\n" ); document.write( " B) Seniority
\n" ); document.write( " C) Level of responsibility
\n" ); document.write( " D) Annual salary
\n" ); document.write( " E) Experience in number of company divisions \r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "\n" ); document.write( "Use the following to answer questions 30-31:\r
\n" ); document.write( "\n" ); document.write( "A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months), gender ( 0 = female, 1 = male) and job type (0 = clerical, 1 = technical). The following ANOVA summarizes the regression results:\r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 30. In the regression model, which of the following are considered dummy variables?
\n" ); document.write( " A) Intercept
\n" ); document.write( " B) Service
\n" ); document.write( " C) Service and gender
\n" ); document.write( " D) Gender and job
\n" ); document.write( " E) Service, gender, and job \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " 31. The results for the variable gender show that
\n" ); document.write( " A) males average $222.78 more than females in monthly salary
\n" ); document.write( " B) females average $222.78 more than males in monthly salary
\n" ); document.write( " C) gender is not related to monthly salary
\n" ); document.write( " D) Gender and months of service are correlated. \r
\n" ); document.write( "\n" ); document.write( " \r
\n" ); document.write( "\n" ); document.write( "Family Food Income Size Region Variable Description
\n" ); document.write( "1 5.04 73.98 4 2
\n" ); document.write( "2 4.08 54.9 2 2 Family Identification Number
\n" ); document.write( "3 5.76 94.14 4 1 Food Dollars (000) Spent Per Year
\n" ); document.write( "4 3.48 52.02 1 3 Income Gross Pay ($000) Per Year
\n" ); document.write( "5 4.2 65.7 2 3 Size Family Size
\n" ); document.write( "6 4.8 53.64 4 1 Region Area of the Country
\n" ); document.write( "7 4.32 79.64 3 2
\n" ); document.write( "8 5.04 68.58 4 3
\n" ); document.write( "9 6.12 165.6 5 2
\n" ); document.write( "10 3.24 64.8 1 1
\n" ); document.write( "11 4.8 138.42 3 1
\n" ); document.write( "12 3.24 125.82 1 2
\n" ); document.write( "13 6.6 77.58 7 2
\n" ); document.write( "14 4.92 171.36 2 1
\n" ); document.write( "15 6.6 82.08 9 4
\n" ); document.write( "16 5.4 141.3 3 3
\n" ); document.write( "17 6 36.9 5 2
\n" ); document.write( "18 5.4 56.88 4 1
\n" ); document.write( "19 3.36 71.82 1 2
\n" ); document.write( "20 4.68 69.48 3 4
\n" ); document.write( "21 4.32 54.36 2 3
\n" ); document.write( "22 5.52 87.66 5 4
\n" ); document.write( "23 4.56 38.16 3 2
\n" ); document.write( "24 5.4 43.74 7 1
\n" ); document.write( "25 4.8 48.42 5 4
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "Results of multiple regression for Food: All Variables
\n" ); document.write( "
\n" ); document.write( "Summary measures
\n" ); document.write( " Multiple R 0.9103
\n" ); document.write( " R-Square 0.8287
\n" ); document.write( " Adj R-Square 0.7945
\n" ); document.write( " StErr of Est 0.4369
\n" ); document.write( "
\n" ); document.write( "ANOVA Table
\n" ); document.write( " Source df SS MS F p-value
\n" ); document.write( " Explained 4 18.4753 4.6188 24.1935 0.0000
\n" ); document.write( " Unexplained 20 3.8182 0.1909
\n" ); document.write( "
\n" ); document.write( "Regression coefficients
\n" ); document.write( " Coefficient Std Err t-value p-value
\n" ); document.write( " Constant 2.9707 0.3516 8.4479 0.0000
\n" ); document.write( " Family -0.0051 0.0131 -0.3896 0.7010
\n" ); document.write( " Income 0.0059 0.0024 2.4723 0.0225
\n" ); document.write( " Size 0.4318 0.0456 9.4738 0.0000
\n" ); document.write( " Region -0.0296 0.0897 -0.3300 0.7448 \r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "32. Write the regression equation for the model presented in the preceding table {Results of multiple regression for Food: All Variables } on page 8.\r
\n" ); document.write( "\n" ); document.write( "33. If the Family identification number is 20, the Income is 80, the family Size is 2, and the Region is 4: what is the projected Food expenditure?\r
\n" ); document.write( "\n" ); document.write( "34. What percent of the variation can be explained in the model developed on page 8?\r
\n" ); document.write( "\n" ); document.write( "35. List any variable(s) that should be removed {or altered} from the equation?
\n" ); document.write( "Family Food Income Size Region Region_1 Region_2 Region_3 Region_4
\n" ); document.write( "1 5.04 73.98 4 2 0 1 0 0
\n" ); document.write( "2 4.08 54.9 2 2 0 1 0 0
\n" ); document.write( "3 5.76 94.14 4 1 1 0 0 0
\n" ); document.write( "4 3.48 52.02 1 3 0 0 1 0
\n" ); document.write( "5 4.2 65.7 2 3 0 0 1 0
\n" ); document.write( "6 4.8 53.64 4 1 1 0 0 0
\n" ); document.write( "7 4.32 79.64 3 2 0 1 0 0
\n" ); document.write( "8 5.04 68.58 4 3 0 0 1 0
\n" ); document.write( "9 6.12 165.6 5 2 0 1 0 0
\n" ); document.write( "10 3.24 64.8 1 1 1 0 0 0
\n" ); document.write( "11 4.8 138.42 3 1 1 0 0 0
\n" ); document.write( "12 3.24 125.82 1 2 0 1 0 0
\n" ); document.write( "13 6.6 77.58 7 2 0 1 0 0
\n" ); document.write( "14 4.92 171.36 2 1 1 0 0 0
\n" ); document.write( "15 6.6 82.08 9 4 0 0 0 1
\n" ); document.write( "16 5.4 141.3 3 3 0 0 1 0
\n" ); document.write( "17 6 36.9 5 2 0 1 0 0
\n" ); document.write( "18 5.4 56.88 4 1 1 0 0 0
\n" ); document.write( "19 3.36 71.82 1 2 0 1 0 0
\n" ); document.write( "20 4.68 69.48 3 4 0 0 0 1
\n" ); document.write( "21 4.32 54.36 2 3 0 0 1 0
\n" ); document.write( "22 5.52 87.66 5 4 0 0 0 1
\n" ); document.write( "23 4.56 38.16 3 2 0 1 0 0
\n" ); document.write( "24 5.4 43.74 7 1 1 0 0 0
\n" ); document.write( "25 4.8 48.42 5 4 0 0 0 1
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "Variable Description
\n" ); document.write( "Family Identification Number
\n" ); document.write( "Food Dollars (000) Spent Per Year
\n" ); document.write( "Income Gross Pay ($000) Per Year
\n" ); document.write( "Size Family Size
\n" ); document.write( "Region Area of the Country
\n" ); document.write( "
\n" ); document.write( "Results of multiple regression for Food
\n" ); document.write( "
\n" ); document.write( "Summary measures
\n" ); document.write( " Multiple R 0.9187
\n" ); document.write( " R-Square 0.8441
\n" ); document.write( " Adj R-Square 0.8031
\n" ); document.write( " StErr of Est 0.4277
\n" ); document.write( "
\n" ); document.write( "ANOVA Table
\n" ); document.write( " Source df SS MS F p-value
\n" ); document.write( " Explained 5 18.8177 3.7635 20.5732 0.0000
\n" ); document.write( " Unexplained 19 3.4758 0.1829
\n" ); document.write( "
\n" ); document.write( "Regression coefficients
\n" ); document.write( " Coefficient Std Err t-value p-value
\n" ); document.write( " Constant 2.7183 0.3239 8.3922 0.0000
\n" ); document.write( " Income 0.0061 0.0023 2.6525 0.0157
\n" ); document.write( " Size 0.4585 0.0486 9.4407 0.0000
\n" ); document.write( " Region_2 0.0210 0.2166 0.0970 0.9238
\n" ); document.write( " Region_3 0.1997 0.2590 0.7711 0.4502
\n" ); document.write( " Region_4 -0.2821 0.2856 -0.9877 0.3357
\n" ); document.write( " \r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Referring to the preceding table { Results of multiple regression for Food } on page 10:\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "36. What is the predicted Food expenditure for a family Size of 2, with an Income of 80, living in
\n" ); document.write( "Region 1?\r
\n" ); document.write( "\n" ); document.write( "37.What is the predicted Food expenditure for a family Size of 2, with an Income of 80, living in
\n" ); document.write( "Region 4?\r
\n" ); document.write( "\n" ); document.write( "38. List any variable(s) that should be removed {or altered} from the equation?\r
\n" ); document.write( "\n" ); document.write( "39. Which regression model is best? The model presented on page 8 or the model presented on page 10?\r
\n" ); document.write( "\n" ); document.write( "40. Explain why you chose the “best” model.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #345314 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
Your length list of problems is clogging up the posted list.
\n" ); document.write( "Please submit your questions a few at a time.
\n" ); document.write( "-----------------\r
\n" ); document.write( "\n" ); document.write( "1. Which of the following statements regarding the coefficient of correlation is true?
\n" ); document.write( "A) It ranges from –1.0 to +1.0 inclusive
\n" ); document.write( "B) It measures the strength of the relationship between two variables
\n" ); document.write( "C) A value of 0.00 indicates two variables are not related
\n" ); document.write( "D) All of the above
\n" ); document.write( "E) None of the above
\n" ); document.write( "Ans: D
\n" ); document.write( "==================== \r
\n" ); document.write( "\n" ); document.write( "2. What does a coefficient of correlation of 0.70 infer?
\n" ); document.write( "A) Almost no correlation because 0.70 is close to 1.0
\n" ); document.write( "B) 70% of the variation in one variable is explained by the other
\n" ); document.write( "C) Coefficient of determination is 0.49
\n" ); document.write( "D) Coefficient of nondetermination is 0.30
\n" ); document.write( "E) None of the above
\n" ); document.write( "Ans: E
\n" ); document.write( "============
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "============ \r
\n" ); document.write( "\n" ); document.write( "
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