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    Vika Bodokia
    This document summarizes the results of two multiple linear regression models. The first model predicts monthly drywall sales based on building permits, mortgage rates, and vacancy rates. It explains 89.35% of the variation in sales and all variables except mortgage rates are statistically significant predictors. The second model uses minor league home runs, age, and years professional to predict major league home runs but only explains 35.11% of the variation and only minor league home runs is a significant predictor. Both models were found to be valid overall based on an F-test.

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    Answers 2

    Uploaded by

    Vika Bodokia
    46 views4 pages
    This document summarizes the results of two multiple linear regression models. The first model predicts monthly drywall sales based on building permits, mortgage rates, and vacancy rates. It explains 89.35% of the variation in sales and all variables except mortgage rates are statistically significant predictors. The second model uses minor league home runs, age, and years professional to predict major league home runs but only explains 35.11% of the variation and only minor league home runs is a significant predictor. Both models were found to be valid overall based on an F-test.

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    This document summarizes the results of two multiple linear regression models. The first model predicts monthly drywall sales based on building permits, mortgage rates, and vacancy rates. It explains 89.35% of the variation in sales and all variables except mortgage rates are statistically significant predictors. The second model uses minor league home runs, age, and years professional to predict major league home runs but only explains 35.11% of the variation and only minor league home runs is a significant predictor. Both models were found to be valid overall based on an F-test.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    46 views4 pages

    Answers 2

    Uploaded by

    Vika Bodokia
    This document summarizes the results of two multiple linear regression models. The first model predicts monthly drywall sales based on building permits, mortgage rates, and vacancy rates. It explains 89.35% of the variation in sales and all variables except mortgage rates are statistically significant predictors. The second model uses minor league home runs, age, and years professional to predict major league home runs but only explains 35.11% of the variation and only minor league home runs is a significant predictor. Both models were found to be valid overall based on an F-test.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    17.

    b The standard error of estimate is s ε = 40.13. It is an estimate of the standard deviation of the error
    variable.

    2
    c The coefficient of determination is R = 0.8935; 89.35% of the variation in monthly sales of drywall
    is explained by the model.

    d H0: β1 = β2 = β3 = β4 = 0

    H1: At least one β i is not equal to zero

    F = 39.86, p-value = 0. There is enough evidence to conclude that the model is valid.

    e b1 = 4.76; for each addition building permit monthly sales on average increase by 4.76 hundred
    sheets provided that the other variables remain constant.

    b2 = 16.99; for each addition one point increase in mortgage rates monthly sales on average increase

    by 16.99 hundred sheets provided that the other variables remain constant.

    b3 = –10.53; for each one percentage point increase in the apartment vacancy rate monthly sales

    decrease on average by 10.53 hundred sheets provided that the other variables remain constant.
    b 4 = 1.31; for each one percentage point increase in the office vacancy rate monthly sales increase

    on average by 1.31 hundred sheets provided that the other variables remain constant.

    f H 0 : β i= 0

    H 1 : βi ¿ 0

    Permits: t = 12.06, p-value = 0

    Mortgage: t = 1.12, p-value = 0.2764

    A Vacancy: t = –1.65, p-value = 0.1161

    O Vacancy: t = 0.47, p-value = 0.6446

    Only the number of building permits is linearly related to monthly sales.

    Next month’s drywall sales are predicted to lie between 16,710 and 35,290 sheets.

    17.4
    A

    b b1 = 0.666; for each additional minor league home run the number of major league home runs
    increases on average by 0.666 provided that the other variables remain constant.

    b2 = 0.136; for each additional year of age the number of major league home runs increases on

    average by 0.14 provided that the other variables remain constant.

    b3 = 1.18; for each additional year as a professional the number of major league home runs increases

    on average by 1.18 provided that the other variables remain constant.

    c s ε = 6.99 and R = 0.3511; the model’s fit is not very good.


    2

    d H0: β1 = β2 = β3 = 0

    H1: At least one β i is not equal to zero

    F = 22.01, p-value = 0. There is enough evidence to conclude that the model is valid.

    e H 0 : β i= 0

    H 1 : βi ¿ 0

    Minor league home runs: t = 7.64, p-value = 0

    Age: t = 0.26, p-value = 0.7961

    Years professional: t = 1.75, p-value = 0.0819


    F

    At the 5% significance level only the number of minor league home runs is linearly related to the
    number of major league home runs.

    It is estimated that the average player will hit between 14.66 and 24.47 home runs.

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