Whatsapp @+1(929) 647-0001

Support@essaynice.com

Live chat
Place Order

EssayNICE | 24/7 Homework Help

Essaynice Will Help You Write Your Essays and Term Papers

How it works
Order now

Answered » You can buy a ready-made answer or pick a professional tutor to order an original one.

Question: Many regions along the coast in North and South Carolina and Georgia have experienced rapid popul…

by | Sep 9, 2023 | Aswered Questions


Many regions along the coast in North and South Carolina and
Georgia have experienced rapid population growth over the last 10
years. It is expected that the growth will continue over the next
10 years. This has motivated many of the large grocery store chains
to build new stores in the region. The Kelley’s Super Grocery
Stores Inc. chain is no exception. The director of planning for
Kelley’s Super Grocery Stores wants to study adding more stores in
this region. He believes there are two main factors that indicate
the amount families spend on groceries. The first is their income
and the other is the number of people in the family. The director
gathered the following sample information.
Family Food Income Size
1 $4.24 $73.98 2.00
2 4.08 54.90 2.00
3 5.76 59.43 4.00
4 3.48 52.02 1.00
5 4.20 65.70 2.00
6 4.80 53.64 4.00
7 4.32 79.74 3.00
8 5.04 68.58 4.00
9 6.12 165.60 5.00
10 3.24 64.80 1.00
11 4.80 138.42 3.00
12 3.24 125.82 1.00
13 6.37 77.58 7.00
14 5.51 170.74 7.00
15 6.60 126.42 6.00
16 5.40 141.30 3.00
17 6.00 36.90 5.00
18 5.40 56.88 4.00
19 3.36 71.82 1.00
20 4.68 69.48 3.00
21 4.32 54.36 2.00
22 5.52 87.66 5.00
23 4.56 38.16 3.00
24 5.40 43.74 7.00
25 7.10 37.46 6.00

Question: Many regions along the coast in North and South Carolina andGeorgia have experienced rapid popul...Click
here for the Excel Data File

Food and income are reported in thousands of dollars per year,
and the variable size refers to the number of people in the
household.
a-1.

Develop a correlation matrix. (Round your answers to 3
decimal places. Negative amounts should be indicated by a minus
sign.)
Food Income
  Income      
  Size            
a-2. Do you see any problems with
multicollinearity?
  There is (Click to
select)multicollinearityno multicollinearity.

b-1. Determine the regression
equation. (Round your answer to 3 decimal
places.)
  The regression
equation is: Food =  +  Income
+  Size.
b-2.

How much does an additional family member add to the amount
spent on food? (Round your answer to the nearest dollar
amount.)
  Another member of
the family adds $  to the food bill.
c-1. What is the value of
R2? (Round your answer to 3
decimal places.)
  R2   
c-2.

State the decision rule for 0.05 significance level.
H0: = β1 = β2 = 0;
H1: Not all βi‘s = 0.
(Round your answer to 2 decimal places.)
  H0 is rejected if F
>
  
c-3. Complete the ANOVA
(Leave no cells blank – be certain to enter “0” wherever
required. Round SS, MS, P to 3 decimal places and
F to 2 decimal places.)
  Source DF SS MS F p
  Regression                         
  Error               
  Total          
c-4. Can we conclude that this value
is greater than 0?
  (Click to
select)RejectDo not reject H0. Some of the
regression coefficients are (Click to select)zeronot zero.
d-1.

Complete the given below table. (Leave no cells blank –
be certain to enter “0” wherever required. Round Coef, SE Coef,
P to 3 decimal places and T to 2 decimal
places.)
  Predictor Coef SE Coef T P
  Constant                          
  Income                          
  Size                          
d-2. Would you consider deleting
either of the independent variables?
  There is (Click to
select)no needa need to delete a variable.
e. State true or false.

   Question: Many regions along the coast in North and South Carolina andGeorgia have experienced rapid popul...

From the graph the residuals
appear normally distributed.
(Click to select)FalseTrue
f. Choose the right option from the
following graph.

   Question: Many regions along the coast in North and South Carolina andGeorgia have experienced rapid popul...

(Click to select)There is no
homoscedasticity problemThere is a homoscedasticity problem.

Many regions along the coast in North and South Carolina and
Georgia have experienced rapid population growth over the last 10
years. It is expected that the growth will continue over the next
10 years. This has motivated many of the large grocery store chains
to build new stores in the region. The Kelley’s Super Grocery
Stores Inc. chain is no exception. The director of planning for
Kelley’s Super Grocery Stores wants to study adding more stores in
this region. He believes there are two main factors that indicate
the amount families spend on groceries. The first is their income
and the other is the number of people in the family. The director
gathered the following sample information.
Family Food Income Size
1 $4.24 $73.98 2.00
2 4.08 54.90 2.00
3 5.76 59.43 4.00
4 3.48 52.02 1.00
5 4.20 65.70 2.00
6 4.80 53.64 4.00
7 4.32 79.74 3.00
8 5.04 68.58 4.00
9 6.12 165.60 5.00
10 3.24 64.80 1.00
11 4.80 138.42 3.00
12 3.24 125.82 1.00
13 6.37 77.58 7.00
14 5.51 170.74 7.00
15 6.60 126.42 6.00
16 5.40 141.30 3.00
17 6.00 36.90 5.00
18 5.40 56.88 4.00
19 3.36 71.82 1.00
20 4.68 69.48 3.00
21 4.32 54.36 2.00
22 5.52
  

HOME TO CERTIFIED WRITERS

Why Place An Order With Us?

  • Certified Editors
  • 24/7 Customer Support
  • Profesional Research
  • Easy to Use System Interface
  • Student Friendly Pricing

Have a similar question?

 

Your Paper Is In Safe Hands

PLAGIRAISM FREE PAPERS

All papers we provide are well-researched, properly formatted and cited.

TOP QUALITY

All papers we provide are well-researched, properly formatted and cited.

HIGHLY SECURED

All papers we provide are well-researched, properly formatted and cited.

Assignment Writing Service | Here at EssayNICE we do not fool our customers by copying content from the internet. All of our orders are Original and Plagiarism Free.

About us  |  Services  |  Pricing | Pay | Privacy  |  Reviews

© Copyright 2024 | All Rights Reserved
Open chat
1
Powered by essaynice
Hello! Welcome to to our whatapp support.
We offer READY solutions, HIGH QUALITY PLAGIARISM FREE essays and term-papers.

We are online and ready to help