Multiple regression is sometimes used in litigation. In the case of Cargill, Inc. v. Hardin, the prosecution charged that the cash price of wheat was manipulated in violation of the Commodity Exchange Act. In a statistical study conducted for this case, a multiple regression model was developed to predict the price of wheat using three supply-and-demand explanatory variables.Data for 14 years were used to construct the regression equation, and a prediction for the suspect period was computed from this equation. The value of R2was 0.989.
(a) The fitted model gave the predicted value $2.136 with standard error $0.013. Express the prediction as an interval. (The degrees of freedom were large for this analysis, so use 100 as the df to determine t*.)
(b) The actual price for the period in question was $2.13. The judge decided that the analysis provided evidence that the price was not artificially depressed, and the opinion was sustained by the court of appeals. Write a short summary of the results of the analysis that relate to the decision and explain why you agree or disagree with it.

Answers

Answer 1

Answer:

($2.123 ; $2.149)

Step-by-step explanation:

The prediction interval is expressed as :

Predicted value ± standard Error

Predicted value = $2.136

Standard Error = $0.013

Prediction interval :

Lower boundary = $2.136 - $0.013 = $2.123

Upper boundary = $2.136 + $0.013 = $2.149

($2.123 ; $2.149)

B.) The prediction interval provides a range for which the predicted value or price should fall Given a certain degree of probability. If the true value falls within this interval, then, our prediction would be deemed to have occurred not by chance.

Since the actual price within the predicted price interval, then I agree with the judge's Decison that the price was not artificially depressed.


Related Questions

Estimate the sum of 8.43 + 8.12 + 7.98.

Answers

Answer:

we estimate it and get

the answer is 25.53

The area between z = 1.74 and z = 1.25
Round your answer to three decimal places.

Answers

Answer:

The area between z = 1.74 and z = 1.25 is of 0.065.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

The area between two values of Z is given by the subtraction of the pvalue of the larger value by the smaller.

The area between z = 1.74 and z = 1.25.

This is the pvalue of z = 1.74 subtracted by the pvalue of z = 1.25.

z = 1.74 has a pvalue of 0.959

z = 1.25 has a pvalue of 0.894

0.959 - 0.894 = 0.065

The area between z = 1.74 and z = 1.25 is of 0.065.

PLEASE HELP FAST

What is the probability of rolling two dice and getting a sum that is a multiple of 5 or
rolling doubles (dice land on the same number)?

Answers

Answer:

1/3

Step-by-step explanation:

Look in the figure and circle all double rolls and all sums that equal 10.

See pic below. Then count them. There are 12.

12/36 = 1/3

Fifty students were surveyed and asked if they played sports and if they had a job. The table summarizes their responses.

Of the students who play sports, what percent do not have a job?

Answers

Answer: 10%

Step-by-step explanation: The percentage of 50-5 is 10%

Which one of the figures is the Pre-Image? Please help me no links!

Answers

Answer:

the one in black

Step-by-step explanation:

The answer would be the black one

#11-14 Answers are on the side

Answers

The difference between 7 and - 49 is one is positive one is negative and how they are graphed differently

3) A Diplodocus was a 90 ft. long plant-eating dinosaur. The Triceratops was 28 ft. long plant- eating dinsoaur. How many INCHES longer was the Diplodocus than the Triceratops?​

Answers

Answer:

The Diplodocus was 744 in longer than the Triceratops.

Step-by-step explanation:

90 ft = 90 * 12 = 1080 in

28 ft = 28 * 12 = 336

1080 in - 336 in = 744 in

The coordinates of a rectangle, LMNO, are L(- 1,3), M(2,3), N(2, - 5), and 0(- 1,- 5).
a. What is the length and width of this rectangle?
b. What is the perimeter of the rectangle?
c. What is the area of the rectangle?

Answers

Answer:

length = 8; width = 3

perimeter = 22

area = 24

Step-by-step explanation:

L(- 1,3), M(2,3)

LM = |-1 - 2| = 3

M(2,3), N(2, - 5)

MN = |-5 - 3| = 8

length = 8; width = 3

perimeter = 2(L + W) = 2(8 + 3) = 22

area = LW = 8 × 3 = 24

on an air Indian flight there are 9 boys 5 indian children, 9 men, 7 foreign boys 14 indians, 6 indian male and 7 foreign female. What is the number of people on board the plane.​

Answers

Answer:

Is it 57?

Step-by-step explanation:

Which is an equivalent way to express 3y

Answers

Answer:

3 f(x)

Step-by-step explanation:

this is very open-ended, (6y)/2 is equal to 3y


Express 1 min as a repeating decimal part of an hour.

Answers

One minute as a decimal part of an hour is 0.01666667

To find this I divided 1 by60

The length of the rectangle is six times it’s width. If the perimeter is 84yd find the length and width

Answers

Answer:

W = 6

L = 36

Step-by-step explanation:

2L + 2W = 84

L = 6W

Substitute for L in the first equation

2 (6W) + 2W = 84

12W + 2W = 84

14W = 84

W = 6

Substitute W in the first equation

2L + 2(6) = 84

2L + 12 = 84

2L = 72

L = 36

Plug both values in both equations to be sure

2(36) + 2(6) = 84

36 = 6 * 6

Hope that helps!

what statement is not true about the absolute value of 6

Answers

where are the statements??

Answer:

I can't answer this sorry dude and next time show us the picture so that we can understand

CAN SOMEONE PLS DO TBJS U HAVE TO SHOW WORK BUT ITS EASG AND DOESNT NEED TO BE PERFECTT

Answers

Answer:

area? is that what u need? or perimeter

Step-by-step explanation:

PLEASE HELP ME PLEASE MAX POINTS

https://brainly.com/question/23269912

answer my other question, please! ^^

Answers

Answer:

I did the first one

Step-by-step explanation:

Hope I did it right


Rewrite in simplest terms: 0.1d – 0.5(8d – 10)

Answers

Answer:

...

Step-by-step explanation:

0.1d - 4d -5

Answer:

-3.9d-5

I believe this is the answer! Hope this helps!

Which of the four Venn diagrams represents this?

Answers

Answer:

I would day option B does

Answer:

A is the correct answer

Step-by-step explanation:

debe tomar 4 fotos de una carrera. Cada vez que un corredor pasa a su lado, hay un 50% de probabilidad de que tome una foto de ese corredor. Además, para dos corredores cualesquiera, la probabilidad de que tome una foto de uno es independiente del otro. Una vez que obtenga 4 fotos, abandonará las instalaciones de la carrera y no intentará tomar más fotos. Si eres el sexto corredor en pasar al fotógrafo, entonces la probabilidad de que te tome una foto puede expresarse en la forma M / NM / N, donde MM y NN son números enteros positivos relativamente primos (es decir, su máximo común divisor es 1 ). Calcule M + NM + N.

Answers

Answer:

Ehhh waht ??im 10 jears old!

Step-by-step explanation:

Hahah

A high school administrator is interested in determining the relationship between high school students' final grades in geometry and chemistry. She randomly samples 400 students who took both classes and records their final scores (out of 100 points) and carries out a simple linear regression, using the geometry grade as the response variable and the chemistry grade as the explanatory variable, since the students take chemistry before geometry. The resulting data was used to produce the following output.
Simple linear regression results:
Dependent Variable: Geometry
Independent Variable: Chemistry
Geometry = 3.6276926 + 0.91857341*Chemistry
Sample size: 400
R2= 0.55808158
Estimate of error standard deviation: 9.417521
Which of the following is a reasonable interpretation of the slope of this simple linear regression?
a. The slope of this regression cannot be interpreted because 0 is not in the range of chemistry scores.
b. Getting high grades in chemistry lead students to achieve high grades in geometry.
c. On average, a 1 percentage point difference in chemistry score is associated with a 0.919 percentage point difference in geometry score.
d. On average, a 1 percentage point difference in geometry score is associated with a 0.919 percentage point difference in chemistry score.

Answers

Answer: c. On average, a 1 percentage point difference in chemistry score is associated with a 0.919 percentage point difference in geometry score

Step-by-step explanation:

Given that:

Slope value = 0.91857341

The dependent and independent variables are ;

Dependent Variable: Geometry

Independent Variable: Chemistry

Slope is the rate of change in the dependent variable per unit change in the independent variable.

Hence, from the information given, we can conclude that for every 1% change in chemistry score (independent variable), there is a corresponding approximately 0.919% change in geometry score (dependent variable).

From the given data it can be concluded that on average, a 1 percentage point difference in chemistry score is associated with a 0.919 percentage point difference in geometry score. Hence option c) is correct.

Given :

She randomly samples 400 students who took both classes and records their final scores (out of 100 points). She carries out a simple linear regression, using the geometry grade as the response variable and the chemistry grade as the explanatory variable since the students take chemistry before geometry.

Given the simple linear regression results that are:

The Dependent variable is Geometry.

The Independent variable is Chemistry.

Geometry = 3.6276926+0.91857341[tex]\times[/tex]Chemistry

Comparing the above equation with the slope-intercept form which is given by:

y = mx + c

Therefore, slope, m = 0.91857341.

It is also given that:

Sample size is 400

R2= 0.55808158

Estimate of error standard deviation: 9.417521

From the given data it can be concluded that on average, a 1 percentage point difference in chemistry score is associated with a 0.919 percentage point difference in geometry score. Hence option c) is correct.

For more information, refer to the link given below:

https://brainly.com/question/12402189

Please help, I will give brainliest. No links please.

A projectile is shot into the air. The altitude of the projectile after t seconds is modled by the function graphed. Time t is measured in secinds and altitude h(t) is measured in feet.

Which of these statements are true?
A) The projectile reaches a maximum altitude of 12 feet.
B) The projectile reaches its maximum altitude after 12 seconds of flight.
C) The projectile is launched from the ground.
D) The altitude of the projectile is increasing on the interval 5<t<20​​

Answers

Answer:

B is the true statement

Step-by-step explanation:

A

We can see from the graph that the highest point occurs when the height in feet is 19.4, so statement A is untrue.

B

We can see from the graph that the highest point occurs after 12 seconds of flight, so statement B is true.

C

If the projectile were launched from the ground, when t=0, h=0, but since when t=0, h=5, we can see it was launched 5ft from the ground, so statement C is untrue.

D

On the interval 5<t<12, the altitude is indeed increasing, but after t=12, the projectile begins to fall and the altitude decreases, so statement D is untrue.

Undo the half of what was left amount. Multiply 2

Undo the spent $5 add $5

Undo the spent $8 Add $8

Answers

Answer:

the three numbers below are your answers. (in order)

Step-by-step explanation:

[tex]2*2=4\\4+5=9\\9+8=17[/tex]

Help please asap will mark brainliest !

Answers

Answer:

b = 29

Step-by-step explanation:

C x D = A x B

15(11x - 91) = 7(2x + 10)

165x - 1365 = 14x + 70

add 1365 to both sides of the equation:

165x = 14x + 1435

subtract 14x from both sides:

151x = 1435

divide both sides by 151:

x = 9.5

b = 2(9.5) + 10 = 29

Which statement describes ?

The series diverges because it has a sum of 4.
The series converges because it has a sum of 4.
The series diverges because it does not have a sum.
The series converges because it does not have a sum.

Answers

Answer: B

The series converges because it has a sum of 4.

Step-by-step explanation:

The convergence or divergence of a series depends on the sum of the series and its common ratio. The series converges because its sum is b

The series is given as:

[tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n[/tex]

A geometric series is given as:

[tex]T_n = ar^{n-1}[/tex]

So, we rewrite the series as follows:

[tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n = \sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n[/tex]

Apply law of indices

[tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n = \sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^{n-1} \times (\frac{2}{3})[/tex]

Rewrite

[tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n = \sum\limits^{\infty}_{n=1} 2 \times (\frac{2}{3})(\frac{2}{3})^{n-1}[/tex]

[tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n = \sum\limits^{\infty}_{n=1} \frac{4}{3}(\frac{2}{3})^{n-1}[/tex]

So, we have:

[tex]T_n = \frac{4}{3}(\frac{2}{3})^{n-1}[/tex]

Compare the above series to: [tex]T_n = ar^{n-1}[/tex]

[tex]a = \frac{4}{3}[/tex]

[tex]r = \frac{2}{3}[/tex]

The sum of the series to infinity is:

[tex]S_{\infty} = \frac{a}{1 - r}[/tex]

So:

[tex]S_{\infty} = \frac{4/3}{1 - 2/3}[/tex]

[tex]S_{\infty} = \frac{4/3}{1/3}[/tex]

[tex]S_{\infty} = 4[/tex]

i.e. [tex]\sum\limits^{\infty}_{n=1} 2 (\frac{2}{3})^n = 4[/tex]

Also:

The common ratio (r)

[tex]r = \frac{2}{3}[/tex]

[tex]r = \frac{2}{3}[/tex] [tex]< 1[/tex]

When common ratio is less than 1, then such series is convergent.

Hence, (b) is true because it has a sum of 4

Read more about series at:

https://brainly.com/question/10813422

Use technology or a z-score table to answer the question.

The number of baby carrots in a bag is normally distributed with a mean of 94 carrots and a standard deviation of 8.2 carrots.

Approximately what percent of the bags of baby carrots have between 90 and 100 carrots?


23.3%

31.2%

45.5%

76.73%

Answers

Answer:

46% is the percent of the bags of baby carrots that have between 90 and 100 carrots

Step-by-step explanation:

The baby carrot is normally distributed.  

z = (x - µ)/σ

x is equal to number of baby carrots  

µ = mean

σ = standard deviation

Substituting the given values, we get -

90 ≤ x ≤ 100

z = (90 - 94)/8.2 = - 0.49

 For z value of -0.49, the probability is 0.31

For x = 100

z = (100 - 94)/8.2 = 0.73

For z value of 0.73, the probability is 0.77

P(90 ≤ x ≤ 100) = 0.77 - 0.31 = 0.46

The percent of the bags of baby carrots having carrots between 90 and 100 carrots is  0.46 × 100 = 46%

5,8, 21, 17, 10, 11,5
What is the median of the set of numbers?

Answers

Answer:

10

Step-by-step explanation:

Rearrange in order, 5, 5, 8, 10, 11, 17, 21 and the median would be 10.

In how many ways can 5 different novels, 4 different mathematics books, and 1 biology book be arranged on a bookshelf if: (a) The books can be arranged in any order? Your answer is: 3628800 (b) The mathematics books must be together and the novels must be together? Your answer is : 6 (c) The mathematics books must be together but the other books can be arranged in any order? Your answer is: 5040

Answers

Answer:

(a) 3628800 ways

(b) 17280 ways

(c) 120960 ways

Step-by-step explanation:

Given

[tex]Novels = 5[/tex]

[tex]Maths = 4[/tex]

[tex]Biology = 1[/tex]

[tex]Total = 10[/tex]

Solving (a): Arrangement with no restriction.

We simply count each book with no restriction. i.e. 10 books

So, the number of arrangement is:

[tex]Arrangement =10![/tex]

[tex]Arrangement =10*9*8*7*6*5*4*3*2*1[/tex]

[tex]Arrangement =3628800[/tex]

Solving (b): Maths book together and Novels together

First, arrange the 4 maths books as:

[tex]Maths = 4![/tex]

Next, arrange the 5 novels as:

[tex]Novels = 5![/tex]

Lastly, take the 4 maths book as [1], the 5 novels as [1] and the remaining [1] biology book.

So, we have: 3 books

Arrange 3 books, we have:

[tex]Books = 3![/tex]

Total arrangement is:

[tex]Total = 4! * 5! * 3![/tex]

[tex]Total = 4*3*2*1 * 5*4*3*2*1 * 3*2*1[/tex]

[tex]Total = 17280[/tex]

Solving (c): Maths book together

First, arrange the 4 maths books as:

[tex]Maths = 4![/tex]

Next, take the 4 maths book as [1], then the remaining 6 books (i.e. 5 novels and 1 biology)

So, we have: 7 books

Arrange 7 books, we have:

[tex]Books = 7![/tex]

Total arrangement is:

[tex]Total = 4! * 7![/tex]

[tex]Total = 4*3*2*1 * 7*6*5*4*3*2*1[/tex]

[tex]Total = 120960[/tex]

I need the answer I just need DONT scam with a link

Answers

Answer:

==> C. , = 12x + 16x and 4(3x + 4x)

hope it helps

Find the distance between the pair of points. E(-5, 4) and F(3,4)

Answers

Answer:

8

Step-by-step explanation:

you use distance formula

What 2+2? I forgot :( points hehe

Answers

Answer:

4

Step-by-step explanation:

2+2=4

A national study, that revealed a normal distribution, revealed that the average time a student spends studying statistics on a weekend is 60 minutes. A random sample of 11 students in BU 203 were asked to record their statistic study time over a weekend. The sample revealed an average study time of 44.27 minutes with a standard deviation of 20.4. With an alpha of 5% State the null hypothesis (H0) and the alternate hypothesis (H1). Draw the distribution.

Answers

Answer:

Null hypothesis = H0 : μ = 60

Alternative hypothesis = H1 : μ < 60

Step-by-step explanation:

From the question given :

μ = 60 minutes

xbar = 44.27 minutes

s = 20.4 minutes

The alternative hypothesis is the claim ; which is to hypothesize that the average studying time is 44.27 (which is less than the population average studying time)

The null hypothesis is the initial truth and it is the opposite of the alternative hypothesis.

The hypothesis are :

H0 : μ = 60

H1 : μ < 60

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