COMPUTER SESSION XXXXXXXXXXECON 309
COMPUTER SESSION XXXXXXXXXXECON 3060
A bank would like to develop a model to predict the total sum of money customers withdraw from automatic teller machines (ATMs) on a weekend based on the following model:
i
i
i
i
x
x
Y
e
+
+
+
=
2
2
1
1
0
where
i
Y
= Withdrawal amount ($000)
i
x
1
= Median assessed value of houses in the vicinity of the ATM ($000)
i
x
2
= 1 if the ATM is located in a shopping cente
XXXXXXXXXXotherwise
A random sample of 15 ATMs is selected with the following results.
XXXXXXXXXXMedian
XXXXXXXXXXWithdrawal XXXXXXXXXXAssessed Value
ATM# XXXXXXXXXXAmount($ XXXXXXXXXXof Houses ($ XXXXXXXXXXLocation of ATM
1 XXXXXXXXXX12.0 XXXXXXXXXX225 XXXXXXXXXX1
2 XXXXXXXXXX9.9 XXXXXXXXXX170 XXXXXXXXXX0
3 XXXXXXXXXX9.1 XXXXXXXXXX153 XXXXXXXXXX1
4 XXXXXXXXXX8.2 XXXXXXXXXX132 XXXXXXXXXX0
5 XXXXXXXXXX12.4 XXXXXXXXXX237 XXXXXXXXXX1
6 XXXXXXXXXX10.4 XXXXXXXXXX187 XXXXXXXXXX1
7 XXXXXXXXXX12.7 XXXXXXXXXX245 XXXXXXXXXX1
8 XXXXXXXXXX8.0 XXXXXXXXXX125 XXXXXXXXXX1
9 XXXXXXXXXX11.5 XXXXXXXXXX215 XXXXXXXXXX1
10 XXXXXXXXXX9.7 XXXXXXXXXX170 XXXXXXXXXX0
11 XXXXXXXXXX11.7 XXXXXXXXXX223 XXXXXXXXXX0
12 XXXXXXXXXX8.6 XXXXXXXXXX147 XXXXXXXXXX0
13 XXXXXXXXXX10.9 XXXXXXXXXX197 XXXXXXXXXX1
14 XXXXXXXXXX9.4