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Assignment 12 Homework 9 10 11 PG 295

Business Analysis

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37 views4 pages

Assignment 12 Homework 9 10 11 PG 295

Business Analysis

Uploaded by

hoangnguyentranthao
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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9.

Using the Excel file Weddings, apply the Excel Regression tool using the wedding cost as the
dependent variable and attendance as the independent variable.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

Step 1:
R2 = 0.538 moderately “fit” the regression line with the “data”

The Adjusted R² is 51.8%, showing that the regression model fits the data reasonably well after adjusting
for the number of independent variables.

Step 2:
H0: The attendance does not significantly affect wedding cost
H1: The attendance significantly affects wedding cost

F = 26.753
P < 0.001
 Accept H1, has a regression line, the attendance significantly affects wedding cost

Step 3:
+ Constant : t= 0.383 ; P > 0.05 (0.706)

the constant (intercept) is NOT statistically significant

+ Attendance: t= 5.172 ; P < 0.001


 Attendance is a significant to the Wedding Cost. The unstandardized coefficient (B = 130.121) means
that an increase in Attendance results in an increase in the Wedding Cost.

Step 4:

Model using Unstandardized Coefficients

The Wedding Cost = 130.121 * Attendance

Model using Standardized Coefficients

The Wedding Cost = 0.733 * Attendance


=> (if change 1 unit of std in Attendance => the Wedding Cost will change by 0.733 std )

Attendance has a positive impact on the Wedding Cost

b. Analyze the residuals to determine if the assumptions underlying the regression analysis are
valid.

c. Use the standard residuals to determine if any possible outliers exist.

d. If a couple is planning a wedding for 175 guests, how much should they budget?

Base on the above answer, we have:


Model using Unstandardized Coefficients

The Wedding Cost = 130.121 * Attendance


= 130.121 * 175
 The estimated wedding cost for 175 guests would be approximately 22,771.18 units of currency.

10. Using the Excel file Weddings, apply the Excel Regression tool using the wedding cost as the
dependent variable and the couple's income as the independent variable, only for those weddings
paid for by the bride and groom.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.
Step 1:

R2 = 0.398 is moderately “fit” the regression line with the “data”

The Adjusted R² is 31.2%, showing that the regression model fits the data after adjusting for the number
of independent variables.

Step 2:
H0: The couple’s income does not significantly affect wedding cost
H1: The couple’s income significantly affects wedding cost

F = 4.632
P > 0.05 (0.068)
 Accept H0, do NOT have a regression line, the couple’s income does not significantly affect wedding
cost

Step 3:

+ Constant : t= 0.37 ; P > 0.05 (0.972)

the constant (intercept) is NOT statistically significant

+ Coulpe’s Income: t= 2.152 ; P > 0.05 (0.068)

 Couple’s Income is NOT significant to the Wedding Cost.

Step 4:
Since both the constant and couple's income are not statistically significant at the 5% level, you should
not use this regression model to make predictions or draw conclusions

b. Analyze the residuals to determine if the assumptions underlying the regression analysis are valid.

c. Use the standard residuals to determine if any possible outliers exist.

d. If a couple makes $70,000 together, how much would they probably budget for the wedding?

Since Couple’s Income is not statistically significant at the 5% level (as concluded earlier), using the
regression equation to predict wedding costs would not be reliable

11. Using the data in Excel file Crime, apply the Excel regression tool using crime rate (CRIM) as
the dependent variable and pupil-teacher ratio (PTRATIO) in the region as the independent
variable.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

KHÔNG CÓ FILE DATA

b. Use the standard residuals to determine if any outliers exist.

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