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d1i1m1o1n [39]
1 year ago
11

Each year a nationally recognized publication conducts its 'Survey of America's Best Graduate and Professional Schools.' An acad

emic advisor wants to predict the typical starting salary of a graduate at a top business school using GMAT score of the school as a predictor variable. Total GMAT scores range from 200 to 800. A simple linear regression of SALARY versus GMAT using 25 data points yields the regression equation given below. y = 228x - 92,040 Give an interpretation of the y-intercept. The value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data. We estimate the base SALARY of graduates of a top business school to be $-92,040. We estimate SALARY to decrease $92,040 for every 1-point increase in GMAT. We expect to predict SALARY to within 2(92040) = $184,080 of its true value using GMAT in a straight-line model.
Mathematics
1 answer:
Lady_Fox [76]1 year ago
3 0

Answer:

The correct answer is the value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data.

Step-by-step explanation:

Solution

Given that:

We define Define Y : dependent variable ( Starting salary of a graduate at a top business school )

Thus,

X : independent variable ( GMAT score )

So,

The Required linear regression equation is stated below:

y = 228 x - 92,040

Here,

The y intercept is = - 92040

The Interpretation of the y - intercept  is defined as:

The value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data .

You might be interested in
A matrix contains 60 elements. Which of the following cannot equal the number of rows of the matrix?
avanturin [10]

<span>Given:

Matrix = 60 elements</span>

 

<span>To solve this, we need to take into account that each row must contain the same number of elements. So, we need to find which of the options do not divide evenly into 60 (the options are 30, 60, 10, and 18).

So we check each of the choices to see if 1 of them divides evenly with 60.

60 / 60 = 1 (divides evenly)</span>

60 / 30 = 2 (divides evenly)

<span>60 / 10 = 6 (divides evenly)
</span>60 / 18 = 3.3.3333333333333333333333333333333 (does not divide evenly)

Therefore, 18 cannot equal the number of rows of the matrix.

6 0
2 years ago
The weekly salary paid to employees of a small company that supplies​ part-time laborers averages ​$750 with a standard deviatio
poizon [28]

Answer:

(a) The fraction of employees is 0.84.

(b)

\mu=850\\\\\sigma=450

(c)

\mu=787.5\\\\\sigma=472.5

(d) No. The left part of the distribution would be truncated too much.

Step-by-step explanation:

(a) If the weekly salaries are normally​ distributed, estimate the fraction of employees that make more than ​$300 per week.

We have to calculate the z-value and compute the probability

z=\frac{X-\mu}{\sigma}= \frac{300-750}{450}=\frac{-450}{450}=-1\\\\P(X>300)=P(z>-1)=0.84

(b) If every employee receives a​ year-end bonus that adds ​$100 to the paycheck in the final​ week, how does this change the normal model for that​ week?

The mean of the salaries grows $100.

\mu_{new}=E(x+C)=E(x)+E(C)=\mu+C=750+100=850

The standard deviation stays the same ($450)

\sigma_{new}=\sqrt{\frac{1}{N} \sum{[(x+C)-(\mu+C)]^2}  } =\sqrt{\frac{1}{N} \sum{(x+C-\mu-C)^2}  }\\\\ \sigma_{new}=\sqrt{\frac{1}{N} \sum{(x-\mu)^2}  } =\sigma

(c) If every employee receives a 5​% salary increase for the next​ year, how does the normal model​ change?

The increases means a salary X is multiplied by 1.05 (1.05X)

The mean of the salaries grows 5%, to $787.5.

\mu_{new}=E(ax)=a*E(x)=a*\mu=1.05*750=487.5

The standard deviation increases by a 5% ($472.5)

\sigma_{new}=\sqrt{\frac{1}{N} \sum{[(ax)-(a\mu)]^2}  } =\sqrt{\frac{1}{N} \sum{a^2(x-\mu)^2}  }\\\\ \sigma_{new}=\sqrt{a^2}\sqrt{\frac{1}{N} \sum{(x-\mu)^2}}=a*\sigma=1.05*450=472.5

(d) If the lowest salary is ​$300 and the median salary is ​$525​, does a normal model appear​ appropriate?

No. The left part of the distribution would be truncated too much.

7 0
1 year ago
Use green's theorem to compute the area inside the ellipse x252+y2172=1. use the fact that the area can be written as ∬ddxdy=12∫
Pavel [41]

The area of the ellipse E is given by

\displaystyle\iint_E\mathrm dA=\iint_E\mathrm dx\,\mathrm dy

To use Green's theorem, which says

\displaystyle\int_{\partial E}L\,\mathrm dx+M\,\mathrm dy=\iint_E\left(\frac{\partial M}{\partial x}-\frac{\partial L}{\partial y}\right)\,\mathrm dx\,\mathrm dy

(\partial E denotes the boundary of E), we want to find M(x,y) and L(x,y) such that

\dfrac{\partial M}{\partial x}-\dfrac{\partial L}{\partial y}=1

and then we would simply compute the line integral. As the hint suggests, we can pick

\begin{cases}M(x,y)=\dfrac x2\\\\L(x,y)=-\dfrac y2\end{cases}\implies\begin{cases}\dfrac{\partial M}{\partial x}=\dfrac12\\\\\dfrac{\partial L}{\partial y}=-\dfrac12\end{cases}\implies\dfrac{\partial M}{\partial x}-\dfrac{\partial L}{\partial y}=1

The line integral is then

\displaystyle\frac12\int_{\partial E}-y\,\mathrm dx+x\,\mathrm dy

We parameterize the boundary by

\begin{cases}x(t)=5\cos t\\y(t)=17\sin t\end{cases}

with 0\le t\le2\pi. Then the integral is

\displaystyle\frac12\int_0^{2\pi}(-17\sin t(-5\sin t)+5\cos t(17\cos t))\,\mathrm dt

=\displaystyle\frac{85}2\int_0^{2\pi}\sin^2t+\cos^2t\,\mathrm dt=\frac{85}2\int_0^{2\pi}\mathrm dt=85\pi

###

Notice that x^{2/3}+y^{2/3}=4^{2/3} kind of resembles the equation for a circle with radius 4, x^2+y^2=4^2. We can change coordinates to what you might call "pseudo-polar":

\begin{cases}x(t)=4\cos^3t\\y(t)=4\sin^3t\end{cases}

which gives

x(t)^{2/3}+y(t)^{2/3}=(4\cos^3t)^{2/3}+(4\sin^3t)^{2/3}=4^{2/3}(\cos^2t+\sin^2t)=4^{2/3}

as needed. Then with 0\le t\le2\pi, we compute the area via Green's theorem using the same setup as before:

\displaystyle\iint_E\mathrm dx\,\mathrm dy=\frac12\int_0^{2\pi}(-4\sin^3t(12\cos^2t(-\sin t))+4\cos^3t(12\sin^2t\cos t))\,\mathrm dt

=\displaystyle24\int_0^{2\pi}(\sin^4t\cos^2t+\cos^4t\sin^2t)\,\mathrm dt

=\displaystyle24\int_0^{2\pi}\sin^2t\cos^2t\,\mathrm dt

=\displaystyle6\int_0^{2\pi}(1-\cos2t)(1+\cos2t)\,\mathrm dt

=\displaystyle6\int_0^{2\pi}(1-\cos^22t)\,\mathrm dt

=\displaystyle3\int_0^{2\pi}(1-\cos4t)\,\mathrm dt=6\pi

3 0
2 years ago
Seventy cards are numbered 1 through 70, one number per card. One card is randomly selected from the deck. What is the probabili
miskamm [114]

Given:

Seventy cards are numbered 1 through 70, one number per card. One card is randomly selected from the deck.

To find:

The probability that the number drawn is a multiple of 3 and a multiple of 5.

Solution:

Total number from 1 to 70 = 70

Multiple of 3 from 1 to 70 are 3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36, 39, 42, 45, 48, 51, 54, 57, 60, 63, 66, 69.

Multiple of 5 from 1 to 70 are 5, 10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60, 65, 70.

Numbers which are multiply of both number 3 and 5 = 15, 30, 45, 60

Number of favorable outcomes = 4

Probability=\dfrac{\text{Number of favorable outcomes}}{\text{Total number of outcomes}}

Probability=\dfrac{4}{70}

Probability=\dfrac{2}{35}

Therefore, the required probability is \dfrac{2}{35}.

7 0
2 years ago
Which inequality represent all values of x for which the quotient below is defined??
Liono4ka [1.6K]

Answer:

the answer is b. because x is either grater or equal.

6 0
2 years ago
Read 2 more answers
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