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NARRBEGIN: Marc Anthony Concert
Marc Anthony Concert
at a Recent

question 98

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NARRBEGIN: Marc Anthony Concert
Marc Anthony Concert
At a recent Marc Anthony concert, a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the first of the year. The following data were collected:
 Age 62574049675443655441 Number af Concerts 6543552631 Age 44485560596369403852 Number of Concerts 3245454213\begin{array}{l}\begin{array} { | l | c c c c c c c c c c | } \hline \text { Age } & 62 & 57 & 40 & 49 & 67 & 54 & 43 & 65 & 54 & 41 \\\hline \text { Number af Concerts } & 6 & 5 & 4 & 3 & 5 & 5 & 2 & 6 & 3 & 1 \\\hline\end{array}\\\begin{array} { | l | c c c c c c c c c c | } \hline \text { Age } & 44 & 48 & 55 & 60 & 59 & 63 & 69 & 40 & 38 & 52 \\\hline \text { Number of Concerts } & 3 & 2 & 4 & 5 & 4 & 5 & 4 & 2 & 1 & 3 \\\hline\end{array}\end{array} An Excel output follows: SUMMARY OUTPUT DESCRIPTIVE STATISTICS  Reqression Statistics  Multiple R 0.80203 R Square 0.64326 Adjusted R Square 0.62344 Standard Error 0.93965 Observations 20 Age  Concerts  Mean 53 Mean 3.65 Standard Error 2.1849 Standard Error 0.3424 Standard Deviation 9.7711 Standard Deviation 1.5313 Sample Variance 95.4737 Samplevariance 2.3447 Count 20 Court 20\begin{array} { l } \text {SUMMARY OUTPUT }& \text {DESCRIPTIVE STATISTICS }\\\begin{array}{lc}\hline{\text { Reqression Statistics }} \\\hline \text { Multiple R } & 0.80203 \\\text { R Square } & 0.64326 \\\text { Adjusted R Square } & 0.62344 \\\text { Standard Error } & 0.93965 \\\text { Observations } & 20 \\\hline\end{array}&\begin{array}{lclc}\hline {\text { Age }} && {\text { Concerts }} \\\hline \text { Mean } & 53 & \text { Mean } & 3.65 \\\text { Standard Error } & 2.1849 & \text { Standard Error } & 0.3424 \\\text { Standard Deviation } & 9.7711 & \text { Standard Deviation } & 1.5313 \\\text { Sample Variance } & 95.4737 & \text { Samplevariance } & 2.3447 \\\text { Count } & 20 & \text { Court } & 20 \\\hline\end{array}\end{array}
 SPEARMAN RANK CORRELATION COEFFICIENT =0.8306\text { SPEARMAN RANK CORRELATION COEFFICIENT }=0.8306
 df  SS  MS  F  Sign&icance F  Regression 128.6571128.6571132.456532.1082E05 Residual 1815.892890.88294 Total 1944.55\begin{array}{lccccc} & \text { df } & \text { SS } & \text { MS } & \text { F } & \text { Sign\&icance F } \\\hline \text { Regression } & 1 & 28.65711 & 28.65711 & 32.45653 & 2.1082 \mathrm{E}-05 \\\text { Residual } & 18 & 15.89289 & 0.88294 & & \\\text { Total } & 19 & 44.55 & & & \\\hline\end{array}

 Coefficients Standard Error  t Stat  Rvale  Lower 95%  Upoer 95%  Intercept 3.011521.188022.534910.020745.507460.5156 Age 0.125690.022065.697060.000020.079340.1720\begin{array}{lcccccc} & \text { Coefficients} & \text { Standard Error } & \text { t Stat } & \text { Rvale } & \text { Lower 95\% } & \text { Upoer 95\% } \\\hline \text { Intercept } & -3.01152 & 1.18802 & -2.53491 & 0.02074 & -5.50746 & -0.5156 \\\text { Age } & 0.12569 & 0.02206 & 5.69706 & 0.00002 & 0.07934 & 0.1720 \\\hline\end{array} NARREND
-{Marc Anthony Concert Narrative} Plot the residuals against the predicted values y^\hat { y } .


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A Small Business Administration program that provides long-term, fixed-rate financing to small businesses for major fixed assets, such as land and buildings.

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