BUS 308 Statistics for Managers – Ashford – Week 4 Quiz

 

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1.Question :With reference to problem 1, what statistic determines the correlation of experience with productivity, controlling for age in experience?
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 2.Question :In a problem where interest rates and growth of the economy are used to predict consumer spending, which of the following will increase prediction error?
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 3.Question :With reference to problem 3, how is the regression constant or the a value interpreted?

 

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 4.Question :Which of the following is a problem in simple regression?

 

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 5.Question :In a problem where average temperature and number of daylight hours are used to predict energy consumption in homes, what does the standard error of multiple estimate gauge?

 

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 6.Question :What does “shrinkage” mean in reference to regression solutions?

 

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 7.Question :The degree to which years of education and years of experience together correlate with annual salary is indicated in multiple correlation. 

 

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 8.Question :The criterion variable in regression is the variable used to predict the value of y.

 

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 9.Question :Which of the following are consistent with the requirements of simple regression?

 

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 10.Question :Larger sample diminish the standard error of the estimate.                  

  

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