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based on the estimated linear equation, what would be the projected earnings as a percentage of gross revenue for an auction with 50% FT turnover

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

1.      Regress earnings as a percentage of gross revenue (earningspercent) on ft turnover (ftturn):

Y = earnings/revenue

X = FT turnover %

Paste the output into a Word document.

2.      Write the linear equation

3.      Calculate R2 – show your math

4.      Interpret R2 in a sentence.

5.      Calculate the F-test and associated significance level – show your math.

6.      Is this regression significant?  Why or why not?

7.      Calculate the t-statistic for FT turnover – show your math.

8.      Is the unstandardized b coefficient for FT turnover significant? Why or why not?

9.      Interpret the unstandardized b coefficient for FT turnover in a sentence. 

10.  Based on the estimated linear equation, what would be the projected earnings as a percentage of gross revenue for an auction with 50% FT turnover?

11.  Create a scatterplot for earnings/revenue and FT turnover that displays the linear equation. 

12.  Interpret the normality of the residuals

13.  Plot the standardized predictions and residuals -  is heteroscedasticity present?

 

 

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