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Business Statistics Assignment

Let's take x1=60, x2=25, x3=90, x4=100 Coefficients: Intercept = -102.71 x1 = 0.6054 x2 = 8.9236 x3 = 1.4375 x4 = 0.01361 To calculate y: y = -102.71 + 0.6054*60 + 8.9236*25 + 1.4375*90 + 0.01361*100 y = 274 95% Confidence interval for y: Lower = 274 - 1.96*15.5793 = 242.4 Upper = 274 + 1.96*

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31 views10 pages

Business Statistics Assignment

Let's take x1=60, x2=25, x3=90, x4=100 Coefficients: Intercept = -102.71 x1 = 0.6054 x2 = 8.9236 x3 = 1.4375 x4 = 0.01361 To calculate y: y = -102.71 + 0.6054*60 + 8.9236*25 + 1.4375*90 + 0.01361*100 y = 274 95% Confidence interval for y: Lower = 274 - 1.96*15.5793 = 242.4 Upper = 274 + 1.96*

Uploaded by

Badal Panchbhai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Business statistics

assignment

Presented by:-
M-31 Ajay Rahate
M-02 Akash Ingaleshwar
M-04 Amit Patel
M-09 Badal Panchbhai
M-26 Sunny Kasera
Anova

To assess the significance of possible variation in performance in a certain test between the
Convent school of city, a common test was given to a number of students taken at random
from the fifth class of the 3 schools concerned the results given below: -

Make the analysis of variance for the given data -

A B C
9 13 14
11 12 13
13 10 17
9 15 7
8 5 9
Anova: Single Factor

SUMMARY
Groups Count Sum Average Variance
A 5 50 10 4
B 5 55 11 14.5
C 5 60 12 16

ANOVA
Source of Variation SS df MS F P-value F crit
Between Groups 10 2 5 0.434782609 0.657210095 3.885293835
Within Groups 138 12 11.5

Total 148 14

CONCLUSION:-
THE F CALCULATED IS DOES NOT LIE IN THE REJJECT AREA
SO THESE CLASSES ARE SIMILAR
REGRESSION
The electric power consumed each month by a chemical plant is thought to be
related to the average ambient temperature (x1), the number of days in
month(x2), the average product purity(x3) and the tones of product
produced(x4). The past year historic data are available end are presented in the
following table.

y x1 x2 x3 x4
240 25 24 91 100
236 31 21 90 95
290 45 24 88 110
274 60 25 87 88
301 65 25 91 94
316 72 26 94 99
300 80 25 87 97
296 84 25 86 96
267 75 24 88 110
276 60 25 91 105
288 50 25 90 100
261 38 23 89 98
SUMMARY
OUTPUT

Regression Statistics
Multiple R 0.862988866
R Square 0.744749783
Adjusted R
Square 0.598892516
Standard
Error 15.57933272
Observation
s 12

ANOVA
df SS MS F Significance F
Regression 4 4957.240744 1239.310186 5.10601768 0.030302769
Residual 7 1699.009256 242.7156081
Total 11 6656.25
Standard Lower Upper
Coefficients Error t Stat P-value Lower 95% Upper 95% 95.0% 95.0%

Interce - - -
pt -102.7132364 207.8588509 0.494148967 0.636328637 594.2213161 388.7948433 594.2213161 388.7948433

- -
x1 0.605370537 0.368896954 1.641028833 0.144796625 0.266932145 1.47767322 0.266932145 1.47767322

- -
x2 8.923644198 5.300522238 1.683540564 0.13614567 3.610099233 21.45738763 3.610099233 21.45738763

x3 1.437456733 2.391620508 0.601038806 0.566759239 -4.21782712 7.092740587 -4.21782712 7.092740587

- -
x4 0.013609308 0.733821444 0.018545803 0.985720985 1.721602674 1.748821289 1.721602674 1.748821289
Conclusion:-

 If the regreassion is working?


yes , regression is working because f significance is less than 0.05 .

 amongst these 4 individual variables which variable should be kept and


which variable should be removed?
All the 4 variables are removed because p-value of all variable s greater than
0.05
 Take any arbitrary value x1 to v4 and calculate 95% confidence
interval and find y

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