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TABLE 14-12
A weight-loss clinic wants to use regression analysis to build a model for weight-loss of a client (measured in pounds) . Two variables thought to affect weight-loss are client's length of time on the weight loss program and time of session. These variables are described below:
Y = Weight- loss (in pounds)
X1 = Length of time in weight- loss program (in months)
X2 = 1 if morning session, 0 if not
X3 = 1 if afternoon session, 0 if not (Base level = evening session)
Data for 12 clients on a weight- loss program at the clinic were collected and used to fit the interaction model:
Partial output from Microsoft Excel follows:
ANOVA
-Referring to Table 14-12, in terms of the þ's in the model, give the average change in weight-loss (Y) for every 1 month increase in time in the program (X1) when attending the afternoon session.
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenue; also known as net earnings.
Earnings Per Share
A company's profit divided by the outstanding shares of its common stock, indicating the company's profitability on a per-share basis.
Income Statement
A financial statement that shows a company’s revenues and expenses over a specific period, leading to the net income or loss for the period.
Treasury Stock
An alternative term for treasury shares, referring to stocks that a company has repurchased and holds, reducing the amount of outstanding stock on the market.
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