How many observations are there

Assignment Help Engineering Mathematics

Reference no: EM13822729

QUESTION 1: Did you double check that you are using the correct data set?

True

False

QUESTION 2: How many observations are there?

QUESTION 3: What is the average balance in thousands of dollars? Do not include a $ in your answer. Answer to 2 decimal places. Hint, your number should be less than 100.

QUESTION 4: What is the median balance in thousands of dollars? Do not include a $ in your answer. Answer to 2 decimal places. Hint, your number should be less than 100.

QUESTION 5: What % of cards are green? Do not include a % in your answer. Answer to 2 decimal places. Hint, your number should be less than 100 and greater than 1.

QUESTION 6: Test the hypothesis that the average income is $50,000. What is the test statistic? Answer to 2 decimal places.

QUESTION 7: Test the hypothesis that the average tenure is equal for white and red card holders. Use a significance level of .01. What is the test statistic? Answer to 2 decimal places. Hint "red" is sample 1 and "white" is sample 2.

QUESTION 8: For the question above for testing the hypothesis that tenures are equal for red and white you reject the null hypothesis at the .01 level of significance.

True

False

QUESTION 9: Test the hypothesis that the average tenure is equal for all types of cards, red, white, and green. Use a significance level of .01. What is the test statistic? Answer to 3 decimal places.

QUESTION 10: For the question above for testing the hypothesis that tenures are equal for all card types you reject the null hypothesis at the .01 level of significance.

True

False

QUESTION 11: Regress balance on income and average payment in the last 12 months. What is R square? Answer to 3 decimal places.

QUESTION 12: What is the estimated coefficient on average payment? Answer to 3 decimal places.

QUESTION 13: What is the estimated coefficient on income? Answer to 3 decimal places.

QUESTION 14: The estimated coefficient on income is statistically different from 0 at the .05 level of significance.

True

False

DATA:

SUMMARY OUTPUT

Regression Statistics
Multiple R	0.112277
R Square	0.013
Adjusted R Square	0.007778
Standard Error	2.920363
Observations	412

ANOVA
	df	SS	MS	F	Significance F
Regression	2	44.53357	22.26678	2.610862	0.074695
Residual	409	3488.164	8.528519
Total	411	3532.698

	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	3.979782	0.597118	6.664988	8.58E-11	2.805979	5.153585	2.805979	5.153585
Income (in $1,000)	0.029	0.013373	2.19789	0.028517	0.003104	0.055682	0.003104	0.055682
Average Payment in Last 12 Months (in $1,000)	-0.389	0.283074	-1.37534	0.169779	-0.94578	0.167139	-0.94578	0.167139

Reference no: EM13822729

Questions Cloud

Briefly describe the three main models of primate origins : Name and briefly describe the three main models, or hypotheses, of primate origins? What critiques or criticisms do you have?

About partners of a general partnership : Partners of a general partnership

Most likely causes of the bad decision : Choose one of the ‘Bad Decisions' below for the main focus of the discussion- and Brief statement of decision, Reasons for the bad decision and Most likely causes of the bad decision

Write a paper about why i want a graduate degree in business : Write a paper about "Why I want a Graduate Degree in Business".

How many observations are there : QUESTION 1: Did you double check that you are using the correct data set? QUESTION 2: How many observations are there?

What is result of the effects on interstate commerce test : What is result of the effects on interstate commerce test

What sort of group is defined by the organizations structur : What sort of group is defined by the organizations structur

What i know about school law : What I Know About School Law? What I Know About School Law? What I Learned About School Law? How affects you as an educational leader now and the future?

Define the issue of fuel efficiency in the united states : The issue of fuel efficiency in the United States. The United States is very dependent on foreign countries for oil, and Americans have been buying cars that require more and more gasoline.

User Account

All Pages