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CH7 - Homework

1. This document contains a homework assignment for a Business Analytics course with 12 multiple choice questions about simple linear regression. 2. The questions assess understanding of key concepts in simple linear regression like slope, the coefficient of determination, residuals, and interpreting regression outputs. 3. Common regression terminology is tested such as identifying the dependent variable, estimated y-intercept, and the relationship between sums of squares quantities.

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Karen Kaye Pasamonte
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81 views1 page

CH7 - Homework

1. This document contains a homework assignment for a Business Analytics course with 12 multiple choice questions about simple linear regression. 2. The questions assess understanding of key concepts in simple linear regression like slope, the coefficient of determination, residuals, and interpreting regression outputs. 3. Common regression terminology is tested such as identifying the dependent variable, estimated y-intercept, and the relationship between sums of squares quantities.

Uploaded by

Karen Kaye Pasamonte
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FAR EASTERN UNIVERSITY

INSTITUTE OF ACCOUNTS, BUSINESS AND FINANCE BUSINESS


ADMINISTRATION PROGRAM

HOMEWORK
Subject Code: MGT1102 Description: BUSINESS ANALYTICS No. of Items: 12
Term: First Semester Academic Year: 2020 - 2021 Score: Rating (% or Letter):
Prepared by: ELIZABETH B. ALVIOR

Name: Karen Kaye A. Pasamonte Date of Exam:


Course: MGT1102 Time: Day:

General Instructions:
1. Complete the required information above.
2. Read and understand each statement carefully.
3. Write your answers legibly.

ANSWER THE FOLLOWING QUESTIONS:

1460 1. She can expect to burn 10 + 125(10) = 10 + 1450 =


the slope is positive 2. For each additional mile she runs, the predicted
additional number of calories she burns is 145. The slope is the value in front of the “x.”
The slope describes the expected change in y for each one-unit change in x.
value of r2 is positive 3. The value of r is the square root of r2. Remember that
the relationship between the distance that a car drives and the amount of gas left in the
tank of the car is negative, so the value of r must be negative.
Residual error= 17,321 4. Predicted Price ̂ = 19,856.56 + 6,985.25 bedrooms +
87.53 square foot = 19,856.56 + 6,985.25(5) + 87.53(3200) = 334,878.81. Residual
error = actual – predicted = 334,879 – 352,200 = –17,321.
ŷ = 240,363.56 5. Predicted Price ̂ = 19,856.56 + 6,985.25 bedrooms +
87.53 square foot = 19,856.56 + 6,985.25(4) + 87.53(2200)
Residual error= -8937.81 6. Predicted Price ̂ = 19,856.56 + 6985.25 bedrooms +
87.53 square foot = 19,856.56 + 6985.25(5) + 87.53(3,500) = 361,137.81. Residual =
actual – predicted =
ŷ = 266,622x.56 7. Predicted Price ̂ = 19,856.56 + 6985.25 bedrooms
+ 87.53 square foot = 19,856.56 + 6985.25(4) + 87.53(2500) =
goodness 8. The coefficient of determination is a measure of the
___________ of fit of the estimated regression equation. The regression model
estimate explains approximately 75.2% of the variation the y values
_______________________ 9. The coefficient of determination r2 = SSR/SST.
Substituting the given values, we get
SST-SSE 10. The three quantities are related as SST = SSR + SSE.
Substituting the values, we get SSR=
Estimated y-intercept 11. In the graph of the simple linear regression equation, the
parameter ß0 represents the ___________ of the true regression line
Dependent Variable 12. _____________ is the variable that is being predicted or
explained. It is denoted by y and is often referred to as the response variable

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