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ECN 221 Exam 3 Study Guide – Arizona State University – Hypothesis Testing, ANOVA, and Regression Analysis

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ECN 221 Exam 3 Study Guide – Arizona State University – Hypothesis Testing, ANOVA, and Regression Analysis regression analysis can be used to develop an equation showing how the variables are related dependent variable - variable being predicted - denoted by y simple linear regression involves one independent variable and one dependent variable how is the relationship between two variables approximated? by a straight line multiple regression regression analysis involving two or more independent variables regression model the equation that describes how y is related to x and an error term parameters of the model ß0 and ß1

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ECN 221 Exam 3 Study Guide – Arizona State
University – Hypothesis Testing, ANOVA, and
Regression Analysis


regression analysis can be used to develop an equation showing how the variables are
related



dependent variable - variable being predicted

- denoted by y



simple linear regression involves one independent variable and one dependent variable



how is the relationship between two variables approximated? by a straight line



multiple regression regression analysis involving two or more independent variables



regression model the equation that describes how y is related to x and an error term



parameters of the model ß0 and ß1



r^2 - will be between 0 and 1; 1 indicates a perfect fit and all data points on the
regression line. 0 indicates no fit, there will be no apparent linear relationship

- only measures linear relationships. if the relationship is nonlinear the regression may have a
poor fit but large r^2

, which of the following does NOT need to be known in order to compute the p-value? the
level of significance



in the hypothesis testing procedure, alpha is_________ the level of signficance



the standard error of xbar1 - xbar2 is the ___________ standard deviation of the
sampling distribution of xbar1 - xbar2



If two independent large samples are taken from two populations, the sampling distribution of
the difference between the two sample means _______ can be approximated by a
normal distribution



the ANOVA procedure is a statistical approach for determining whether the means of
____________ two or more populations are equal



the required condition for using an ANOVA procedure on data from several populations is that
the ____________ sampled populations have equal variances



SSE can never be __________ larger than SST



in a simple regression analysis (where y is a dependent and x an independent variable), if the y-
intercept is positive, then it must be true that_____________

- if x is increased, y must also increase

- there is a negative correlation between x and y

- there is a positive correlation between x and y

- none of the answers is correct none of the answers is correct

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