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Subject : Applied Statistics Code

FACULTY OF INDUSTRIAL SCIENCES & TECHNOLOGY

SEMESTER 1 2013/2014 ASSIGNMENT 2

: BUM 2413

ASSIGNMENT DUE DATE : 19 DECEMBER 2013 (before 5.00 pm)


INSTRUCTI NS:

TOTAL MARK: 40

1. Set up a group that consists of between !"ree (3) and f#$e (5) members and name your group using any statistical term. 2. Data for this assignment should be downloaded from the filename Assignment 2 Data.xlsx 3. All data should be analysed using Microsoft Excel. 4. Copy and paste all the relevant outputs in your report. . !se the p-value me!"o% in the hypothesis testing.
ATTENTI N& '(!e )*bm#))#o+ of ())#,+me+! -#.. +o! be e+!er!(#+e%.

/UESTI N 1 Differentiate between simple and multiple linear regression analysis. "ive your own e#ample to illustrate simple and multiple linear regression analysis. (5 M(r0)) /UESTI N 2 $t is noted that cost of petrol in %& per litre depends on percentage cost of refining' percentage of distribution and mar(eting' percentage of ta#es and percentage of crude oil. !se the given data to answer the following )uestions. *a+ $dentify the independent and dependent variables. (1 M(r0) *b+ Draw scatter plot with line of best fit for each of the variables and give your comments. (2 M(r0)) ,ased on the drawn scatter plots' perform the simple linear regression analysis which represents strongest association between the independent and dependent variables. *i+ Comment on correlation coefficient and coefficient of determination. *ii+ -rite the e)uation of the simple linear regression model *iii+ predict the costs of petrol when the variable increase to ./0. *iv+ test for significance of regression at = /./1 . *v+ perform hypothesis testing for intercept at = /./ . (11 M(r0)) *d+ 1erform multiple linear regression analysis for all the given variables.

*c+

*i+

Summarise all the outputs in a table 2 p3$(.*e

R2

A%4*)!e% R2

Re,re))#o+ E5*(!#o+

#1' #2' #3' #4 #1' #2' #3 #1' #2' #4 #1' #3' #4 #2' #3' #4 #1' #2 #1' #3 #1' #4 #2' #3 #2' #4 #3' #4 #1 #2 #3 #4

*ii+

$f one predictor variable is used to predict the cost of petrol' which single variable is the best2 (2 M(r0)) $f two predictor variables are used to predict the cost of petrol' which model is the best2 (2 M(r0)) Choose the best regression e)uation model for predicting the cost of petrol. 3ustify your answer. (3 M(r0))

*iii+

*iv+

ASSIGNMENT 2 BUM2613 A77'IED STATISTICS


NAME STUDENT ID SECTI N

'ECTURER

4uestion number 1 2 3 4 To!(. m(r0)

8 R E2AMINER USE &ar(s

N'9