Exercises

Mix and Match

Match each description on the left with its mathematical expression on the right.

1. Reciprocal transformation (a) log y = b0 + b1 log x
2. Opposite of log transformation (b) 1.01x
3. Slope estimates elasticity (c) exp (x)
4. 1% increase in x (d) 1/y
5. Approaches b0 as x gets large (e) y = b0 + b11/x
6. Random variation

(f)

A scatterplot in which the data form a curve that opens downward. There is no fitted line, but there is medium distribution of the data.
7. Diminishing marginal return

(g)

A scatterplot with no discernible pattern
8. Pattern unsuited to log or reciprocal transformations

(h)

9. Negative, nonlinear association

(i)

10. Linear pattern

(j)

Get Statistics for Business: Decision Making and Analysis, 3rd Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.