ned online. Using technology, with x representing the ratings and y representing price, we find that the regression equation has a slope of 130 and a y-intercept of negative 363. Complete parts (a) and (b) below.
a. What is the equation of the regression line? Select the correct choice below and fill in the answer boxes to complete your choice.
or give some complimentary/bonus time while you figure it out, or figure out how to do particular things between sessions instead of during the session
Current topics: understand slope and y-intercept and be able to apply it to equations written using different letters instead of m and b or instead of y and x; parallel, perpendicular line equations; calculate slope/gradient of graphs/sides of shapes/equations; calculate midpoint; calculate distance between two points on a graph; find the equation of a line given a graph or given 2 points; learn the meanings of symbols such as R for real numbers, Z for integers' calculate area of a triangle on a graph
The student is in Kazakhstan and speaks Russian and Kazakh fluently, but is intermediate in English. Please speak with her in English as much as possible, but knowing Russian or Kazakh would be a good bonus that would make you preferable to other tutors all else being about the same, though familiarity with TI calculators or the ability to figure them out is also very important.
s, you run the following re- gression on a sample of 65 countries for the year 2012:
books = 8.2314 + (1.0329)
+ 0.3149 age (0.4111)
3.4125 educ (0.7314)
where books is the number of paperback novels purchased in 2012, income is per capita GDP in 2012, educ is the average number of years of education for the population in 2012, age is the average age of the population in 2012 and ereaders is the number of electronic readers (e.g. Kindles) sold in 2012. The numbers in parentheses refer to standard errors corresponding to the estimated coefficients. You also find that R2 = 0.7231 and SSR = 1, 231.
(a) Which of the slope coefficients are statistically different from zero at the 5% level of significance? Perform statistical tests to answer this question. [8 marks]
Solution: Each test carries 2 marks. t ratios are: 14.0039, 4.66, 0.7659, -13.5819. The 2.5% critical value for a tn?k=65?5=60 distribution can be seen to be 2.0000, implying that all coefficients except the one on age are significant.
(b) Does the intercept have a plausible interpretation? Explain briefly. [4 marks]
Solution: The intercept indicates that demand for paperback novels equals 8.2314 when income, educ, age and ereaders all equal zero. Clearly this is not plausible.
(c) Construct a 95% confidence interval for the coefficient on age. [8 marks]
Solution: CI is given by [bage