Instruction 12 $\text { Regression statistics }$ $\text { ANOVA }$

question 207

Short Answer

Instruction 12.35
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
$\text { Regression statistics }$
$\begin{array}{|l|l|}\hline \text { MultipleR } & 0.8691 \\\hline \text { R Square } & 0.7554 \\\hline \begin{array}{l}\text { Adjusted R } \\\text { Square }\end{array} & 0.7467 \\\hline \text { Standard Error } & 44.4765 \\\hline \text { Observations } & 30.0000\\\hline \end{array}$

$\text { ANOVA }$
$\begin{array}{|l|l|l|l|l|l|}\hline & d f & S S & M S & F & \begin{array}{l}\text { Significance } \\F\end{array} \\\hline \text { Regression } & 1 & 171062.9193 & 171062.9193 & 86.4759 & 0.0000 \\\hline \text { Residual } & 28 & 55388.4309 & 1978.1582 & & \\\hline \text { Total } & 29 & 226451.3503 & & & \\\hline\end{array}$

$\begin{array}{|l|l|l|l|l|l|l|}\hline & \text { Coefficients } & \begin{array}{l}\text { Standard } \\\text { Error }\end{array} & \text { t Stat } & p \text {-value } & \text { Lower 95\% } & \text { Upper 95\% } \\\hline \text { Intercept } & -95.0614 & 26.9183 & -3.5315 & 0.0015 & -150.2009 & -39.9218 \\\hline \text { Download } & 3.7297 & 0.4011 & 9.2992 & 0.0000 & 2.9082 & 4.5513 \\\hline\end{array}$



-Referring to Instruction 12.35,what is the value of the test statistic for testing whether there is a linear relationship between revenue and the number of downloads?

Describe the bias and subjectivity in trait and results-oriented methods.

Understand the time consumption and drawbacks of the essay method in performance evaluations.

Recognize the strengths and weaknesses of various performance evaluation approaches, including critical incident method and balanced scorecard.

Understand how performance is a function of ability, motivation, and environment.

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Definitions:

Clotting

A process by which blood changes from a liquid to a gel, forming a blood clot, which is crucial for preventing excessive bleeding when the vascular system is injured.

Phlebotomist

A healthcare professional specialized in drawing blood from patients for medical testing, donations, or research purposes.

Venipuncture

The process of puncturing a vein with a needle to draw blood or introduce intravenous therapy.

Hemolysis

The destruction or rupture of red blood cells, leading to the release of hemoglobin into the surrounding fluid.