Solution Found!
Software millionaires and birthdays. Refer to Exercise
Chapter 11, Problem 35E(choose chapter or problem)
Software millionaires and birthdays. Refer to Exercise 11.19 (p. 615) and the study of software millionaires and their birthdays. The data are reproduced below.
a. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to total number (x) of U.S. births.
b. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to number (x) of CEO birthdays.
c. Which of the two models’ fit will have smaller errors of prediction? Why?
Questions & Answers
QUESTION:
Software millionaires and birthdays. Refer to Exercise 11.19 (p. 615) and the study of software millionaires and their birthdays. The data are reproduced below.
a. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to total number (x) of U.S. births.
b. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to number (x) of CEO birthdays.
c. Which of the two models’ fit will have smaller errors of prediction? Why?
ANSWER:
Step 1 of 6
a)
Obtain SSE, 
MINITAB procedure:
Step 1 : Choose Stat > Regression > Regression.