Examlex
TABLE 14-17
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service. A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0) and 15 had a lawn service (code 1). Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars), lawn size (Lawn Size, in thousands of square feet), attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1
= favorable), number of teenagers in the household (Teenager), and age of the head of the household (Age).
The Minitab output is given below:
Log-Likelihood = -4.890
Test that all slopes are zero: G = 31.808, DF = 5, P-Value = 0.000
Goodness-of-Fit Tests
-Referring to Table 14-17, there is not enough evidence to conclude that LawnSize makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance.
Personal Income
Income received by household, including both earned income and transfer payments.
Residential Structure
A building designed for people to live in, which includes houses, apartments, condos, and other dwellings.
Investment
The allocation of resources (money, effort, time) into assets with the expectation of earning a profit.
GDP
A country's economic activity is measured by its Gross Domestic Product, which aggregates the total value of goods and services made during a particular time.
Q2: Referring to Table 12-8, the director now
Q37: The logarithm transformation can be used<br>A) to
Q42: Referring to Table 15-8, which of the
Q49: Referring to Table 12-12, if there is
Q66: The effect of an unpredictable, rare event
Q157: When an explanatory variable is dropped from
Q166: Referring to Table 12-18, the alternative hypothesis
Q203: Referring to Table 12-6, the null hypothesis
Q216: Referring to Table 14-12, in terms
Q229: A regression had the following results: SST