Question

The table shows the number of goals allowed and the total points earned (2 points for a win, and 1 point for an overtime or s

The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 y

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Answer #1

1.

The equation of regression line is,

\widehat{y}=-0.600x+225.826

Goals Allowed (x) Points(y) \widehat{y} (y-\widehat{y})^2
212 106 98.626 54.37588
210 110 99.826 103.5103
219 95 94.426 0.329476
223 91 92.026 1.052676
259 89 70.426 344.9935
258 77 71.026 35.68868
273 47 62.026 225.7807
200 104 105.826 3.334276
217 103 95.626 54.37588
199 103 106.426 11.73748
217 95 95.626 0.391876
206 84 102.226 332.1871
256 68 72.226 17.85908
248 70 77.026 49.36468
Total 3197 1242 1243.364 1234.981

Here

n =14

The standard error of the estimate is,

S_{e}=\sqrt{\frac{\sum (y-\widehat{y})^2}{n-2}}

=\sqrt{\frac{1234.981464 }{14-2}}

=\sqrt{\frac{1234.981464 }{12}}

\approx 10.145

The standard error of estimate, Se indicates approximately how much error you make when you use the predicted value for Y (on the least-squares line) instead of the actual value of Y.

The standard deviation of the estimate is 10.145.

This tells you that the actual points was different from the predicted points (on the least-squares line) by about 10.145

2.

The equation of regression line is,

\widehat{y}=1.465x-60.269

Average Weekly Wages (state),x Average Weekly Wages(federal) ,y \widehat{y} (y-\widehat{y})^2
754 1008 1044.341 1320.668281
769 1054 1066.316 151.683856
782 1114 1085.361 820.192321
815 1160 1133.706 691.374436
843 1192 1174.726 298.391076
895 1248 1250.906 8.444836
920 1274 1287.531 183.087961
938 1309 1313.901 24.019801
Total 6716 9359 9356.788 3497.862568

Here

n = 8

The standard error of the estimate is,

S_{e}=\sqrt{\frac{\sum (y-\widehat{y})^2}{n-2}}

=\sqrt{\frac{3497.862568 }{8-2}}

=\sqrt{\frac{3497.862568 }{6}}

\approx 24.14

The standard error of estimate, Se indicates approximately how much error you make when you use the predicted value for Y (on the least-squares line) instead of the actual value of Y.

The standard deviation of the estimate is 24.14.

This tells you that the actual Average Weekly Wages(federal) was different from the predicted Average Weekly Wages(federal) (on the least-squares line) by about 24.14.

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