Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Business Statistics Project

See attached files.

1. Introduction

Discuss the statement of the problem in terms of the statistical analyses that are being performed. Be sure to address the following:

What is the data set that you are exploring?

How will your results be used?

What type of analyses will you be running in this project? Explain.


Answer the questions in a paragraph response. Remove all questions and this note before submitting! Do not include R/Excel code in your report.


2. Data Preparation

1. What are the variables stored in crime.csv?

2.
Give an overall description about your data set.


Answer the questions in a paragraph response. Remove all questions and this note before submitting! Do not include R/Excel code in your report.


3. Simple Linear Regression: Create a simple linear regression model to predict the
murder rate using
single.parent.

In general, how is a simple linear regression model used to predict the response variable using the predictor variable?

Why you decide to use linear regression for this data set? Justify your option.

What is the equation for your model?

Report the P-value in a formatted table as shown below:

Statistic

Value

P-value

X.XXXX

*Round off to 4 decimal places.

What is the predicted murder rate for a state that has single.paren of 25.4? Round your answer down to the nearest integer.


Answer the questions in a paragraph response. Remove all questions and this note (but not the table) before submitting! Do not include R/Excel code in your report.

3.
Multiple Regression: Create a multiple linear regression model to predict the
murder rate using all important variables.

In general, how is a multiple linear regression model used to predict the response variable using predictor variables?

Report the P-value in a formatted table as shown below:

Statistic

Value

P-value

X.XXXX

*Round off to 4 decimal places.

Based on the results of the overall p- value, is at least one of the predictors statistically significant in predicting the murder rate?

List all the important variables to predict the murder rate based on p-value.

Report and interpret the coefficient of determination.

What is the equation for your model?

What is the predicted murder rate based on your final multiple regression model (assume some random values for your variables)?


Answer the questions in a paragraph response. Remove all questions and this note (but not the table) before submitting! Do not include R/Excel code in your report.



4.
Conclusion

Describe the results of the statistical analyses clearly, using proper descriptions of statistical terms and concepts. Fully describe what these results mean for your scenario.

Briefly summarize your findings in plain language.

What is the practical importance of the analyses that were performed?

5.
Citations

You were
not

required to use external resources for this report. If you did not use any resources, you should remove this entire section. However, if you did use any resources to help you with your interpretation, you
must

cite them. Use proper APA format for citations.

Insert references here in the following format:

Author’s Last Name, First Initial. Middle Initial. (Year of Publication). Title of book: Subtitle of book, edition. Place of Publication: Publisher.

You must use the following template for your report:

Section 1. Answers to the specific questions asked

Section 2: Excel code. No points may be given if a brief look at the code does not tell us what it is

doing.

Consider the crime data stored in crime.csv. We would like to understand how murder rate is

related to the other variables in the dataset.

(a) Build a linear regression model murder rate vs single.parent and comment on your model.
(b) Build a multiple linear regression model to predict murder rate based on the other variables.
The model should have all the important variables and it should not have any unimportant
variables. Be sure to explore the interactions as well. Perform model diagnostics to check the
standard model assumptions and perform any transformations needed to obtain a model for
which the assumptions reasonably hold.
(c) Use your final model to predict murder rate.

Context of data

This dataset compiles crime records from 51 states, featuring a condensed set of fields that center around key attributes like the unemployment rate, single parent rate, college-educated people rate, and more. Your role as a data analyst is to compute the crime rate for each state by leveraging the specified attributes in the dataset. Apply your understanding of both simple and multiple linear regression analysis, acquired in our class, to predict the crime rate effectively.

image2.png

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

MATHHH

Forum 2 (Week 2): Historical Mathematician (CA Group) Choose one Historical Mathematician and discuss the contributions of that man or woman. You could choose to consider: ways in which this person changed the world through mathematics, particular challenges that they faced, ways in which faith and religion impacted his/her life

MATHHH

WEEK 1 MATH102 Scripture contains a variety of interesting material involving numbers. Here are a few examples: (a) The approximation of Pi in the Old Testament. (b) The symbolism of special numbers; for example, 1, 3, 7, 12, and 144,000. (c) Hebrew and Greek representation of numbers and their translation

College Algebra

Must follow grading rubric. Probability Report Worksheet Directions: Complete the probability report worksheet to help you with your calculations to create the APA report. 1. Choose one of the three scenarios: a. Probability of obtaining heads on a coin toss b. Probability of rolling a 2 on a 6-sided die.

worksheet

  Identification of Methods and Interpretation of Results

Journal post

Help organizing my thoughts IHP 340 Module Five Short Paper Guidelines and Rubric Overview This short paper assignment will help you understand hypothesis testing and its relationship to research questions. Prompt Read the short paper scenario below and answer the questions using the scenario and what you have learned in

Milestone 2

Help understand statistic milestones IHP 340 Milestone Two Guidelines and Rubric Overview In Milestone Two, you will continue composing your final project by adding additional information on research methods and key findings. Prompt For this milestone assignment, address the following in the article you have selected for the final project:

Mathematics homework help

I need support with a math question. I will attach the document for review.  Borough of Manhattan Community College Mathematics Department Name___________________________ Instructor L. Erstenyuk Date ___________________________ MAT 216-_____________ EXAM 1 REVIEW Instructions. Show all steps and label answers. Papers will be graded on clarity, neatness and organization as well

Math 1342 excel spresdsheet

Can anyone help with excel and statistic? 1. Top of Form Again, you will use the student survey from the Excel spreadsheet given at the beginning of the course:  MATH 1342 Database.xlsx Find two free cells in the spreadsheet to enter the appropriate formulas to find the mean and standard deviation

Operations Management: Process Selection and Cost Analysis

I’m currently working on an assignment for my Operations Management course and need assistance with process selection based on cost analysis. Scenario: A company is evaluating two production processes for a new product: Process A: Fixed Costs = $50,000; Variable Cost per Unit = $10   Process B: Fixed Costs

MA 2025 MOD 6 ASSN

  For this assignment, you will utilize statistical technology to work with a series of datasets. You are welcome to use the technology of your choice including Excel, Desmos, and Google Sheets.  Please follow the instructions below. Once you have completed the assignment, submit your completed document (in .docx or

College Algebra

Must follow grading Rubic Financial Report Worksheet Directions: Complete the financial report worksheet to help you with your calculations to create the APA report. 1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so

Mathematics Major Assignment

This assignment uses a scoring guide. Review the scoring guide on the first tab of the spreadsheet prior to beginning the assignment to become familiar with the expectations for successful completion. 

frequency table and pie chart help?

You should have many more colors and the frequencies should be based on what you count (for each color) from the main  spreadsheet that I provided. Once completed, highlight all of the cells of your completed frequency table, by selecting and dragging your pointer through all of the cells. Select

MA 2025 MOD 5 ASSN

  Overview: For this assignment, you will utilize statistical technology to work with a series of datasets. You are welcome to use the technology of your choice including Excel, Desmos, and Google Sheets.  Please follow the instructions below. Once you have completed the assignment, submit your completed document (in .docx

How do I dispute with Expedia??

  To dispute an issue with Expedia, contact their customer service at + (1) ⇉ 877 ⇉ (567) ⇉ 9375 (OTA) or + (1) ⇋ 877 ⇋ (398) ⇋ 1026. Provide detailed information about the problem and your desired resolution. If the dispute isn’t resolved, escalate the matter by requesting

How to make a complaint against Expedia?

  To file a complaint against Expedia, contact Customer Support via phone at +1+877+567+9375 or +1+877+398+1026, chat, or email, and provide detailed information about your issue. If the matter remains unresolved, you can escalate through social media or file a complaint with the Better Business Bureau (BBB) .+ or  +1::877::567::9375

Business Statistics I

Topic: Bivariate Analysis through Correlation and Simple Linear Regression  Excel Output: Descriptive Statistics Excel Output: Scatter Plot Excel Output: Correlation Coefficient Excel Output: Regression