Examlex

Solved

States
Concern Over the Number of Car Thefts Grew into a Project

question 86

Essay

States
Concern over the number of car thefts grew into a project to determine the relationship between car thefts by state and these variables:
x1 = Police per 10,000 persons,by state
x2 = Expenditure by local government for police protection,in thousands,by state
x3 = New passenger car registrations,in thousands,by state.
Data from 13 states were collected.The MINITAB regression results are:
The regression equation is car-thf =25.3+1.28= - 25.3 + 1.28 police +0.0188+ 0.0188 polexp +0.0969+ 0.0969 registr
 Predictor  Coef  Stdev  t-ratio p Constant 25.2917.851.420.190 police 1.28310.92751.380.200 polexp 0.0188270.0084602.230.053 registr 0.096860.035362.740.023\begin{array} { l l l c l } \text { Predictor } & \text { Coef } & \text { Stdev } & \text { t-ratio } & p \\ \text { Constant } & - 25.29 & 17.85 & - 1.42 & 0.190 \\ \text { police } & 1.2831 & 0.9275 & 1.38 & 0.200 \\ \text { polexp } & 0.018827 & 0.008460 & 2.23 & 0.053 \\ \text { registr } & 0.09686 & 0.03536 & 2.74 & 0.023 \end{array}
s=??Rsq=??%Rsq(adj)=??%s = ? ? \quad \mathrm { R } - s q = ? ? \% \quad \mathrm { R } - s q ( a d j ) = ? ? \%
Analysis of Variance
 SOURCE  DF  SS  MS Fp Regression 33300711002107.140.000 Error 9924103 Total 1233932\begin{array} { l l l l c l } \text { SOURCE } & \text { DF } & \text { SS } & \text { MS } & F & p \\ \text { Regression } & 3 & 33007 & 11002 & 107.14 & 0.000 \\ \text { Error } & 9 & 924 & 103 & & \\ \text { Total } & 12 & 33932 & & & \end{array}
Correlation between the variables:
 car-thf  police  polexp  registr  car-thf 1.000 police 0.4661.000 polexp 0.9700.3901.000 registr 0.9760.4060.9581.000\begin{array} { l c c c c } & \text { car-thf } & \text { police } & \text { polexp } & \text { registr } \\ \text { car-thf } & 1.000 & & & \\ \text { police } & 0.466 & 1.000 & & \\ \text { polexp } & 0.970 & 0.390 & 1.000 & \\ \text { registr } & 0.976 & 0.406 & 0.958 & 1.000 \end{array}
-Do the partial regression coefficients have the algebraic sign you might expect?


Definitions:

Investment Center Managers

Executives responsible for a business unit or division's operations and financial results, including revenue, expenses, and invested capital.

Performance Measures

Metrics used to assess and track the efficiency, effectiveness, and productivity of an organization or its employees.

Income and Capital

Refers to the two primary ways wealth is generated: income through earnings like wages and investments, and capital through appreciating assets like real estate or stocks.

Assets Only

A focus on the asset side of the balance sheet, disregarding liabilities and equity to concentrate solely on the resources owned by a company.

Related Questions