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(Solved): #5 IDSpending ($)Duration (minutes)AgeGender (0=male, 1=female)Travel (minutes)Dietary PreferenceMem ...



#5

IDSpending ($)Duration (minutes)AgeGender (0=male, 1=female)Travel (minutes)Dietary PreferenceMember?
1652118015RegularYes
226425020RegularNo
3443117015RegularNo
4313348010Low-carbNo
55928025Low-fatYes
6954755040RegularNo
7123533020Low-fatYes
81254351035Low-carbNo
9872505RegularYes
10851832010Low-carbNo
11804929025RegularNo
121026128050RegularNo
13893630015Low-carbNo
14684819060Low-fatNo
151225762010Low-carbNo
16735630135Low-fatYes
171886840170RegularYes
182564751125Low-carbNo
191135345130Low-fatYes
2088396815Low-fatYes
211885729110Low-carbYes
22762730130Low-fatNo
231976747145Low-carbYes
24993033120RegularYes
252386190115Low-carbNo
26475216130Low-fatYes
271662643140Low-carbYes
28855136160Low-fatYes
291596471145RegularYes
302005048120Low-fatNo

RegularLow-fatLow-carb
65531
2612125
446885
957389
8113122
8088256
10276188
18847197
9985238
159200166

Bimble now wants to predict the amount of spending ($) from the duration of customers' stay (minutes) according to the sample data.

5-1 Run an appropriate regression model and report the coefficients below. (select from the dropdown)

Spending ($) = [ Select ] ["1.24", "2.38", "3.49", "4.16", "5.33"] + [ Select ] ["1.24", "2.38", "3.49", "4.16", "5.33"] Duration (minutes)

5-2 Approximately what percentage of the variation in spending can be explained by the duration? (select from the dropdown)

[ Select ] ["0", "10", "20", "30", "40", "50", "60", "70", "80", "90", "100"] %

5-3 Bimble spends 40 minutes shopping at Bumble’s store. What is her estimated amount of spending, approximately? (select from the dropdown)

$ [ Select ] ["0", "20", "40", "60", "80", "100", "120", "140", "160", "180", "200", "220", "240", "260", "280", "300"]

5-4 Complete the sentence below for the correct interpretation of the slope of the regression model. (select from the dropdown)

For every additional minute stayed in the store, the amount of spending would [ Select ] ["increase", "decrease"] by approximately $ [ Select ] ["0", "1", "2", "3", "4", "5"] .

5-5 Bimble finds the t-test results next to the slope value in the Excel regression output.

What is the p-value? (select from the dropdown)

[ Select ] ["less than 0.005", "between 0.005 and 0.01", "between 0.01 and 0.025", "between 0.025 and 0.05", "between 0.05 and 0.10", "between 0.10 and 0.90", "greater than 0.90"]

What is your conclusion at α = 0.05? (select from the dropdown)

[ Select ] ["There is no linear relationship between spending and duration in the population.", "There is a positive linear relationship between spending and duration in the population.", "There is a negative relationship between spending and duration in the population.", "There is a curvilinear relationship between spending and duration in the population.", "None of the above."]



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