Mgt6203 final exam Study guides, Class notes & Summaries

FINAL EXAM QUESTIONS 2021 Theory - 20 questions Week 1 Questions Q1. If the explained sum of squares is 35 and the total sum of squares is 49, what is the residual sum of squares? A. 10 B. 14 C. 12 D. 18 Solution: B Explanation: Total Sum of Squares = Explained Sum of Squares + Residual Sum of Squares SST = SSE + SSR SSR = SST – SSE = 49 – 35 = 14 Week 2 Questions Q2. Consider a regression model predicting the amount someone has spent (on some arbitrary product) bas...

SAMPLE FINAL EXAM QUESTIONS 2020 Theory - 10 questions (Final Exam will have 20 question) Q1. We have developed a regression model: Rent = b0+ b1* House_WithPool where House_WithPool is a dummy variable set to 1 if a house has a Pool and is set to 0 otherwise. The Regression summary output is Estimate S.E. t Value Pr>|t| Intercept 1542.149 2.954 12.58*** <.001 House_WithPool 253.666 3.123 11.42*** <.001 What is the average rent of a house with Pool given the summary output? ...