Examlex

Solved

A Study Examined the Number of Trees in a Variety

question 103

Essay

A study examined the number of trees in a variety of orange groves and the corresponding number of oranges that each
grove produces in a given harvest year. Linear regression was calculated and the results are below.
linear regression results:
Dependent Variable: oranges
Independent Variable: trees
Sample size: 9
R-sq = 0.886
s = 31394.7
-  Parameter Estimate  Std. Err.  Constant 390.5916328.8 Trees 525.8471.22\begin{array}{|l|r|r|}\hline \text { Parameter} & \text { Estimate }& \text { Std. Err. } \\\hline \text { Constant }& 390.59 & 16328.8 \\\hline \text { Trees }& 525.84 & 71.22 \\\hline\end{array}
 A study examined the number of trees in a variety of orange groves and the corresponding number of oranges that each grove produces in a given harvest year. Linear regression was calculated and the results are below. linear regression results: Dependent Variable: oranges Independent Variable: trees Sample size: 9 R-sq = 0.886 s = 31394.7 - \begin{array}{|l|r|r|} \hline   \text { Parameter} &  \text {  Estimate }&  \text { Std. Err. } \\ \hline   \text { Constant }& 390.59 & 16328.8 \\ \hline   \text { Trees }& 525.84 & 71.22 \\ \hline \end{array}     Since   r^{2}   is not 100%, there must be other factors in influencing the number of oranges harvested. What percentage is that and what is another factor you think might be involved?
Since r2 r^{2} is not 100%, there must be other factors in influencing the number of oranges harvested. What percentage is that and what is another factor you think might be involved?


Definitions:

Financing

The process of providing funds for business activities, making purchases, or investing.

Leasing

A financial arrangement where one party pays another for the use of an asset for a specific time period.

Buying

The process of acquiring goods, services, or financial assets in exchange for money or other assets.

Relatively High Tax Brackets

Tax categories that are higher than average, typically applying to individuals or entities with significantly high income or profits.

Related Questions