(Solution) - Refer to exercise 12 a Develop an estimated regression equation that -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Refer to exercise 12.
a. Develop an estimated regression equation that can be used to predict the total earnings for all events given the average number of putts taken on greens hit in regulation.
b. Develop an estimated regression equation that can be used to predict the total earnings for all events given the percentage of time a player is able to hit the green in regulation, the average number of putts taken on greens hit in regulation, and the percentage of time a player is able to get "up and down" once in a greenside sand bunker.
c. At the .05 level of significance, test whether the two independent variables added in part (b), the percentage of time a player is able to hit the green in regulation and the percentage of time a player is able to get "up and down" once in a greenside sand bunker, contribute significantly to the estimated regression equation developed in part (a). Explain.
d. In general, lower scores should lead to higher earnings. To investigate this option to predicting total earnings, develop an estimated regression equation that can be used to predict total earnings for all events given the average score for all events. Would you prefer to use this equation to predict total earnings or the estimated regression equation developed in part (b)? Explain.