×
Log in to StudySoup
Get Full Access to Statistics For Business And Economics - 12 Edition - Chapter 11 - Problem 16e
Join StudySoup for FREE
Get Full Access to Statistics For Business And Economics - 12 Edition - Chapter 11 - Problem 16e

Already have an account? Login here
×
Reset your password

Lobster fishing study. Refer to the Bulletin of Marine

Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich ISBN: 9780321826237 51

Solution for problem 16E Chapter 11

Statistics for Business and Economics | 12th Edition

  • Textbook Solutions
  • 2901 Step-by-step solutions solved by professors and subject experts
  • Get 24/7 help from StudySoup virtual teaching assistants
Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich

Statistics for Business and Economics | 12th Edition

4 5 1 363 Reviews
13
5
Problem 16E

Problem 16E

Lobster fishing study. Refer to the Bulletin of Marine Science (April 2010) study of teams of fishermen fishing for the red spiny lobster in Baja California Sur, Mexico, Exercise 2.124 (p. 104). Two variables measured for each of 15 teams from two fishing cooperatives were y = total catch of lobsters (in kilograms) during the season and x = average percentage of traps allocated per day to exploring areas of unknown catch (called search frequency). These data are listed in the table.

Total Catch

SearchFrequency

Total Catch

SearchFrequency

9,998

18

6,535

21

7,767

14

6,695

26

8,764

4

4,891

29

9,077

18

4,937

23

8,343

9

5,727

17

9,222

5

7,019

21

6,827

8

5,735

20

2,785

35

 

 

Source: Based on Shester, G. G. “Explaining catch variation among Baja California lobster fishers through spatial analysis of trap-placement decisions,” Bulletin of Marine Science, Vol. 86, No. 2, April 2010 (Table 1).

a. Graph the data in a scatterplot. What type of trend, if any, do you observe?

b. A simple linear regression analysis was conducted using XLSTAT. A portion of the regression printout is shown on the next page. Find the estimates of b0 and b1 on the printout.

c. If possible, give a practical interpretation of the estimate of β0. If no practical interpretation is possible, explain why.

d. If possible, give a practical interpretation of the estimate of β1. If no practical interpretation is possible, explain why.

Step-by-Step Solution:
Step 1 of 3

September 28, 2016 Arthropoda Subphylum Subphylum Subphylum Subphylum Subphylum chelicerata crustacea myriapoda myriapoda hexapoda Class Class Class insecta chilopoda diplopoda Name meaning Jointed foot Jointed foot Jointed foot Jointed foot Jointed foot examples Mites Crabs centipedes millipedes Hymenoptera- tics Lobster bees spider, Crayfish

Step 2 of 3

Chapter 11, Problem 16E is Solved
Step 3 of 3

Textbook: Statistics for Business and Economics
Edition: 12
Author: James T. McClave, P. George Benson, Terry T Sincich
ISBN: 9780321826237

Other solutions

People also purchased

Related chapters

Unlock Textbook Solution

Enter your email below to unlock your verified solution to:

Lobster fishing study. Refer to the Bulletin of Marine