solutionstopracticeproblemsforpartvii.docVIP

Solutions to Practice Problems for Part VII 1. An aircraft company wanted to predict the number of worker-hours necessary to finish the design of a new plane. Relevant explanatory variables were thought to be the planes top speed, its weight, and the number of parts it had in common with other models built by the company. A sample of twenty-seven of the companys planes was taken, and the following model estimated: where = Design effort, in millions of worker-hours = Planes top speed, in Mach number = Planes weight, in tons = Percentage number of parts in common with other models The estimated partial regression coefficients were = 0.661 = 0.065 =-0.018 Interpret these estimates. All else equal, an increase in the planes top speed by one Mach number engenders an expected increase of 0.661 millions of worker-hours in design effort. All else equal, an increase in the planes weight by one ton results in a 0.065 increase in expected design effort in millions of worker-hours. All else equal, an increase in percentage number of parts in common with other models results in a decrease of 0.018 expected design effort measured in millions of worker-hours. 2. The following model was fitted to a sample of twenty-five students using data obtained at the end of their freshman year in college. The aim was to explain students weight gains. where = Weight gained, in pounds, during freshman year = Average number of meals eaten per week = Average number of hours exercise per week = Average number of beers consumed per week The estimated partial regression coefficients were = 7.35 = 0.653 = -1.345 = 0.613 Interpret the estimates , , and . All else being equal, a one-unit increase in the average number of meals eaten per week will result in a 0.653 increase in weight, during the freshman year. All else being equal, a one-unit increase in the average number of hours of exercise per week will result in a 1.345 pound weight loss. All else being equal, a one-uni