Examlex

Solved

At a Recent Music Concert, a Survey Was Conducted That

question 172

Essay

At a recent music concert, a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the beginning of the year. The following data were collected.  Age 62574049675443655441 Number of concerts 6543552631\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 of concerts } & 6 & 5 & 4 & 3 & 5 & 5 & 2 & 6 & 3 & 1 \\\hline\end{array}  Age 44485560596369403852 Number of Concerts 3245454213\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}  SUMMARY OUTPUT  DESCRIPTIVE STATISTICS  Reqression Statiatics  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 Sample Variance 2.3447 Count 20 Count 20\begin{array}{ll}\text { SUMMARY OUTPUT }&\text { DESCRIPTIVE STATISTICS }\\\begin{array}{lc}\hline {\text { Reqression Statiatics }} \\\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 { Sample Variance } & 2.3447 \\\text { Count } & 20 & \text { Count } & 20\\\hline\end{array}\\\end{array}
 SPEARMAN RANK CORRELATION COEFFICIENT =0.8306\text { SPEARMAN RANK CORRELATION COEFFICIENT }=0.8306

 ANOVA  df  SS  MS F Significance F  Regression 128.6571128.6571132.456532.1082E05 Residual 1815.892890.88294 Total 1944.55\begin{array}{lccccc} \text { ANOVA }\\\hline& \text { df } & \text { SS } & \text { MS } & F & \text { Significance 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  P-value  Lower 95% Upper 95%  Intercept 3.011521.188022.534910.020745.507460.5156 Age 0.125690.022065.697060.000020.079340.1720\begin{array}{lcccccc}\hline & \text { Coefficients } & \text {Standard Error } & \text { t Stat } & \text { P-value } & \text { Lower } 95 \% & \text { Upper 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\end{array} a. Determine the standard error of estimate and describe what this statistic tells you about the model's fit.
b. Interpret the coefficient of correlation.
c. Interpret the coefficient of determination, and discuss what its value tells you about the two variables.


Definitions:

Financing Operations

Activities relating to managing the capital and funding of a business to ensure it can meet its financial obligations and continue operations.

Policymaking Decisions

The process of creating laws, regulations, or guidelines by which a government or organization operates.

Corporate Officers

Individuals appointed to manage the day-to-day operations and make major corporate decisions in a company.

Federal Law

Federal Law consists of statutes and regulations that have been enacted by the national government of a country, governing subjects that fall under its authority.

Related Questions