Practice Exam
Summer 2015
Question
1
2
3
4
5
6
Total
Score
The coefficient of multiple determination R 2j of each of the 3 predictors with all the other remaining
predictors are, respectively, 0.0338, 0.4669, and 0.4743. The output from the best-subset regressions is given
below:
c) Using the best subsets approach to model selecting which model would you choose?
Suburban
9
17
23
29
40
b) At the 0.05 level of significance, is there evidence that salary makes a significant contribution to the
model?
c) Using the logistic regression equation, predict the probability that a persons loan is approved if they are
currently earning $30,000 per year and have a good credit history.
b) North American Oil Company is attempting to develop a reasonably priced gasoline that will deliver
improved gasoline mileages. As part of its development process, the company would like to compare
the effects of three types of gasoline (A, B, and C) on gasoline mileage. For testing purposes, North
American Oil will compare the effects of gasoline types A, B, and C on the gasoline mileage obtained
by a popular compact model called the Lance. Suppose the company has access to 1,000 Lances that are
representative of the population of all Lances, and suppose the company will utilize a completely
randomized experimental design that employs samples of size five. In order to accomplish this, five
Lances will be randomly selected from the 1,000 available Lances. These autos will be assigned to
gasoline type A. Next, five different Lances will be randomly selected from the remaining 995 available
Lances. These autos will be assigned to gasoline type B. Finally, five different Lances will be
randomly selected from the remaining 990 available Lances. These autos will be assigned to gasoline
type C.
8.525
=12.74
b1)
b2)
Specify the appropriate hypothesis to test and your statistical conclusion at = .05.
a) Write a multiple regression equation that can be used to analyze the data.
b) In terms of the regression equation coefficients, what hypotheses must we test to see whether the mean
time to mix a batch of material is the same for all three manufacturers?
Arrivals
60
72
96
84
36
48
b) Compute the exponential smoothing model using a smoothing constant of .25 for the arrivals data in a).