SUMMARY OUTPUT

Regression Statistics
Multiple R 0.441324
R Square 0.194767
Adjusted R 0.162557
Standard E 0.911134
Observatio 27

ANOVA
df SS MS F Significance F
Regression 1 5.019934 5.019934 6.046907138 0.021199
Residual 25 20.75414 0.830166
Total 26 25.77407

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 5.571066 0.535318 10.40702 1.42E-10 4.468558 6.673574 4.468558 6.673574
X Variable 0.196462 0.079894 2.459046 0.021199355 0.031918 0.361006 0.031918 0.361006

The data shows a weak and direct relationship and also shows a significanr relationship between the data.
 Column 1 Column 2
Column 1 1
Column 2 0.44132393 1
1
The average time that Americans commute to work is 27.7 minutes (Sterling's Best Places,
commute times in minutes for 48 cities are as follows:

Albaquerque 23.30
Atlanta 28.30
Austin 24.60
Baltimore 32.10
Boston 31.70
Charlotte 25.80
Chicago 38.10
Cincinnati 24.90
Cleveland 26.80
Columbus 23.40
Dallas 28.50
Denver 28.10
Detroit 29.30
El Paso 24.40
Fresno 23.00
Indianapolis 24.80
Jacksonville 26.20
Kansas City 23.40
Las Vega 28.40
Little Rock 20.10
Los Angeles 32.20
Louisville 21.40
Memphis 23.80
Miami 30.70
Milwaukee 24.80
Minneapolis 23.60
Nashville 25.30
New Orleans 31.70
New York 43.80
Oklahoma City 22.00
Orlando 27.10
 Philadelphia 34.20
Phoenix 28.30
Pittsburgh 25.00
Portland 26.40
Providence 23.60
Richmond 23.40
Sacramento 25.80
Salt Lake City 20.20
San Antonio 26.10
San Diego 24.80
San Francisco 32.60
San Jose 28.50
Seattle 27.30
St. Louis 26.80
Tucson 24.00
Tulsa 20.10
Washington, D.C. 32.80

a. What is the mean commute time for these 48 cities?

b. What is the median commute time for these 48 cities?
c. What is the mode for these 48 cities?
d. What is the variance and standard deviation of commute times for these 48 cities
e. What is the third quartile of commute times for these 48 cities?

The economic downturn in 2008-2009 resulted in the loss of jobs and an increase
the real estate market was headed in the coming year, economists studied the rela
percentage of delinquent loans. The expectation was that if the jobless rate contin
the percentage of delinquent loans. The following data show the jobless rate and
estate markets.

Metro Area Jobless Rate (%) Delinquent Loans (%)

Atlanta 7.10 7.02
Boston 5.20 5.31
 Charlotte 7.80 5.38
Chicago 7.80 5.40
Dallas 5.80 5.00
Denver 5.80 4.07
Detroit 9.30 6.53
Houston 5.70 5.57
Jacsonville 7.30 6.99
Las Vegas 7.60 11.12
Los Angeles 8.20 7.56
Miami 7.10 12.11
Minneapolis 6.30 4.39
Nashville 6.60 4.78
New York 6.20 5.78
Orange County 6.30 6.08
Orlando 7.00 10.05
Philadelphia 6.20 4.75
Phoenix 5.50 7.22
Portland 6.50 3.79
Raleigh 6.00 3.62
Sacramento 8.30 9.24
St. Louis 7.50 4.40
San Diego 7.10 6.91
San Francisco 6.80 5.57
Seattle 5.50 3.87
Tampa 7.50 8.42

a.
Compute the correlation coefficient. Is there a positive correlation betwe
housing loans? What is your interpretation?

b.
Show a scatter diagram of the relationship between the jobless rate and t

3
In a study of how chief executive offiecers (CEOs) spend their days, it was found th
week in meetings, not including conference calls, business meals, and public even
meetings (hours) for a sample of 25 CEOs:
Hours
14
19
23
16
19
15
20
21 Classes Frequency
15 12-13
22 14 -15
18 16-17
13 18-19
15 20-21
18 22-23
23
23
15
20
18
21
15
23
21
19
12

a. What is the least amount of time a CEO spent per week in meetings in this samp

b. Use a class width of 2 hours to prepare a frequency distribution and a percent f

7.7 minutes (Sterling's Best Places, April 13, 2012). The average
 26.91
25.95
23.4
mute times for these 48 cities 21.29974734 4.61516493
e 48 cities? 28.5

in the loss of jobs and an increase in delinquent loans for housing. In projecting where
ng year, economists studied the relationship between the jobless rate and the
n was that if the jobless rate continued to increase, there would also be an increase in
ing data show the jobless rate and the delinquent loan percentage for 27 major real

Loans (%)

0.4413239314
 0.4413239314

there a positive correlation between the jobless rate and the percentage of delinquent
ation?

ship between the jobless rate and the percentage of delinquent housing loans.

s) spend their days, it was found that CEOs spend an average of about 18 hours per
ls, business meals, and public events. Shown here are the times spent per week in
 Relative Freq Percent Freq

t per week in meetings in this sample? The highest?

quency distribution and a percent frequency distribution for the data.