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Business Analytics · End Term · 1 Sept 2024 · May 2024 term

Question 36: A company has developed a new fodder for pigs. To model …

Question 36

+1 markNumerical answer

A company has developed a new fodder for pigs. To model the “increase in weight of a piglet (in pounds) in one week”, an experiment is performed in which eight piglets were exclusively feed the fodder. Table-3 below provides the data on “Initial weight (pounds)”, “Age of the piglet (weeks)”, “Actual Weight gained after one week (pounds)” and “Predicted Weight gained after one week (pounds)” . The column "Predicted Weight gained after one week (pounds)" is obtained using Model-1

Piglet NumberInitial Weight (pounds)Initial Age (weeks)Actual Weight Gained (pounds)Predicted Weight Gained (pounds)
139876.1
252665.8
349786.3
446121010.0
561999.1
635654.1
725733.9
855444.5

Table-3

The different models developed are presented in the below Figures (which specify the partial regression outputs).
Given this information, answer the given subquestions

SUMMARY OUTPUT

Regression Statistics
Multiple RX1
R SquareX2
Adjusted R SquareX3
Standard Error
Observations8

ANOVA

dfSSMSF
RegressionX4
Residual
TotalX5
CoefficientsStandard Errort Stat
Intercept-4.21.89
Initial Weight (pounds)0.10.03
Initial Age (weeks)0.80.16

Model-1: Partial output when regression “Weight Gained (pounds)”, “Initial Weight (pounds)” and “Initial Age (weeks)”

ANOVA

dfSS
Regression450.76
Residual506.75
Total7
Coefficients
Intercept44.65
Initial Age (weeks)0.09

Model-2: Partial output when regressing “Initial Weight (pounds)” and “Initial Age (weeks)”

ANOVA

dfSS
Regression22.5
Residual17.37
Total7
Coefficients
Intercept7.22
Initial Weight (pounds)0.004

Model-3: Partial output when regressing “Initial Weight (pounds)” and “Initial Age (weeks)”

ANOVA

dfSS
Regression33.44
Residual
Total739.875
Coefficients
Intercept5.52
Initial Weight (pounds)1.04
Weight Gained (pounds)-0.11

Model-4: Partial output when regression “Weight Gained (pounds)”, “Initial Weight (pounds)” and “Initial Age (weeks)”

ANOVA

dfSS
Regression649.5
Residual308
Total7957.5
Coefficients
Intercept41.48
Initial Age (weeks)-5.19
Weight Gained (pounds)6.5

Model-5: Partial output when regression “Weight Gained (pounds)”, “Initial Weight (pounds)” and “Initial Age (weeks)”

What is the value of the F-statistic for Model-1? (Note: Input your answer rounded to two decimal places. For example, if your answer is “1.235” then enter the answer as “1.24”)

Show answer

Correct answer: 16.25 (accepted within ±0.25)

Question 36 of 38 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 1 Sept 2024, in the May 2024 term (IIT M FOUNDATION DIPLOMA FN EXAM QDF1 01 Sep 2024). It carries 1 mark.

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