Make a residual plot from the linear regression model

Assignment Help Business Management
Reference no: EM131481708

Assignment

Question 1: The World Bank collects data on many variables related to world development for countries throughout the world. Two of these are Internet use (in number of users per 100 people) and life expectancy (in years). The data file is provided separately.

a) Make a scatterplot of life expectancy (the response variable) versus internet use. Describe the relationship. Is there an overall pattern? Do you see any deviation from that pattern?

b) Compute the correlation coefficient R between life expectancy versus internet use.

c) A friend looks at the scatterplot and concludes that using the internet will increase the length of your life. Would you agree with her? Explain your answer.

d) Make a scatterplot of life expectancy versus internet use, but this time use different symbols for European and non-European countries? Do you wish to modify your answer to question c). Explain.

Minitab Instructions: a) To obtain the scatterplot:

- Choose 'Graph → Scatterplot'

- Click on the ‘Simple' option

- In the first row of the 'variables' table enter

o the response for the 'Y' variable

o the explanatory variable for the 'X' variable and press Enter

Copy and paste the graph in your Word file. Describe what you see.

b) To find the correlation coefficient:

- Choose 'Stat → Basic statistics → Correlation'

- Select Life Expectancy and Internet Use for the Variables box

- Deselect the ‘Display P-value' box and press Enter

The correlation coefficient appears in the Session window.

c) To obtain the scatterplot with different symbols for European and non-European countries:

- Choose 'Graph → Scatterplot'

- Click on the ‘With groups' option

- In the first row of the 'variables' table enter

o the response for the 'Y' variable

o the explanatory variable for the 'X' variable

o the Region variable in the ‘Categorical variables for groups' box and press

Enter 1 Question 2: Old Faithful Geyser in Yellowstone National Park is renowned, among other things, for the regularity of its eruptions. The eruption durations (X, in minutes) and the subsequent intervals before the next eruption (Y, in minutes) are provided in a separate file.

a) Make a scatterplot of the interval variable versus the duration variable. Describe the relationship. Is there an overall pattern? Do you see any deviation from that pattern?

b) Find the correlation coefficient R between interval and duration. What would happen to the value of R if the scales were transformed in hours for the interval and duration variables.

c) Find the equation of the regression line for predicting interval from duration. In simple language, what is the slope of the line telling us?

d) Add the regression line to the scatterplot.

e) Find the percent of variation in the interval variable that is explained by the model. Does the regression model provide a good fit?

f) Make a residual plot from the linear regression model you constructed above. Discuss the appropriateness of the model.

g) Use the equation of the regression line to predict the subsequent interval before the next eruption for an erution that lasted 5 minutes. How confident are you that the prediction is quite accurate?

Minitab Instructions:

a) Proceed as in question 1-a).

b) Proceed as in question 1-b).

c) and d) To obtain the equation of the regression line and to plot it on the scatterplot:

- Choose 'Stat → Regression → Fitted line plot'

- Select the appropriate variable for the 'Response' box and press Tab

- Select the appropriate variable for the 'Predictors' box and press Enter

Paste the graph to your MSWord file. You will note that the equation of the regression line is printed on the graph, along with the value of R2 (ignore the adjusted R2). For ease of reference, rewrite the equation separately in your word document. What is the slope telling us?

f) To make a residual plot:

- Choose ‘Regression → Regression'

- Choose the interval variable for the Response box and press tab

- Choose the duration variable for the Predictors box

- Click Graphs open

- Move the cursor to the ‘Residuals vs. the variables:' box and choose the duration variable (the explanatory variable) for that box.

- Press Enter twice 2 Question 3: One of the most dangerous contaminants deposited over European countries following the Chernobyl accident of April 1987 was radioactive cesium. To study cesium transfer from contaminated soil to plants, researchers collected soil samples and samples of mushroom mycelia from 17 wooded locations in Umbria, Central Italy, from August 1986 to November 1989. Measured concentrations (Bq/kg, Bq or becquerel, is a unit of radioactivity) of cesium in the soil are given in a separate data file.

a) Construct a scatterplot using Y = concentration in mushrooms and X = concentration in soil. Describe the relationship between the two variables.

b) Fit a linear model and and report the correlation coefficient.

c) Exclude sample number 17 and repeat parts a) and b).

Reference no: EM131481708

Questions Cloud

Discuss the type of crime in which they tend to be involved : Identify three of the major organized crime groups of different nationalities that currently operate in the U.S. .
What price were your shares sold at : In one module that you are studying, the overall module mark is calculated on the basis of a 30 : 70 weighting between coursework and examination marks.
Develop an international marketing plan : MKT303A/MKG303 - develop an international marketing plan for a product from an Australian based company to the Asia-Pacific region.
State the elements of an anti-kickback act violation : What is the difference between the charges of "bribery of a public official" and "illegal gratuities"?
Make a residual plot from the linear regression model : Make a residual plot from the linear regression model you constructed above. How confident are you that the prediction is quite accurate?
What will the length of a side of your patio be : Your net monthly salary is £1,950. You know that National Insurance and pension contributions take 15% of your gross salary and that income tax is levied.
Describe the key characteristics of a whistleblower : Decide whether or not the whistleblower was justified in reporting the company's actions. Provide a rationale for your response.
Write an expression for average height of first n students : A firm faces the marginal revenue schedule MR = 80 - 2q and the marginal cost schedule MC = 15 + 0.5q where q is quantity produced.
Develop a profile of risk management needs : Develop a profile of risk management needs. This will require that you make the predictions regarding how your future career and lifestyle might develop.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd