1 answer:
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Answer:
a)
b) The accountant should not question the voucher as the request is much higher than expected.
c) We can add the following variables
d) The percentage of variation in the trip cost that can be explained by the model = (0.64)^2 =0.4096 or 40.96%
A. Type of travel (air/car)
B. Gender of the executive (male/female)
The last option is not too important since we are analyzing the traveling executives not the type of business
Step-by-step explanation:
Part a
For this case we have the multiple regression model given by:
Where represent the number of days on the road and
the distance traveled in miles.
And we want to find the expected amount from a 340-mile trip that took her out of town for 5 days, so we just need to replace x1= 5 and x2=340 and we got:
Part b
The expected value taking in count that x1 = 5 and y = 340 is:
And the difference from the obtained value is : 685-441.50=243.5
So then the correct answer would be:
The accountant should not question the voucher as the request is much higher than expected.
Part c
We can add the following variables
A. Type of travel (air/car)
B. Gender of the executive (male/female)
The last option is not too important since we are analyzing the traveling executives not the type of business
Part d
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
The coefficient of determination "is a measure used in statistical analysis that assesses how well a model explains and predicts future outcomes. It is indicative of the level of explained variability in the data set".
The percentage of variation in the trip cost that can be explained by the model = (0.64)^2 =0.4096 or 40.96%
There are two ways to do this. One is by adding up the squares, which takes a while. The other way is if you notice that the length along the bottom is the same as that long the top, and the same is true for the sides. While it does not appear this way at first, imagine that that was the floor plan of a house. If you looked at it from the side, you wouldn't see the dent in the corner, only one side. Since the length of the top is 13 units, from -7 to 6, and the side is also 13 units, from -6 to 7, the answer is 
52 units long.
52 units long.