The following table contains the ACT scores and the GPA for eight college students. Grade point...
4. The following table contains ACT scores and the GPA (grade point average) for eight college students. Grade point average is based on a four-point scale and has been rounded to one digit after the decimal: a. Estimate the relationship between GPA and ACT using OLS; that is, obtain the intercept and slope estimates in the equation Comment on the direction of the relationship. Does the intercept have a useful interpretation here? Explain. How much higher is the GPA predicted to be...
The following table contains the ACT scores and the GPA (grade point average) for three college students. Grade point average is based on a four-point scale and has been rounded to one digit after the decimal. Estimate the relationship between GPA and ACT using OLS. Consider the slope estimate (beta1_hat) in equation GPA_hat=beta0_hat+beta1_hat*ACT. Is the relationship between GAP and ACT positive or negative? Student GPA ACT 1 2.8 21 2 3.4 24 3 3.0 26
4. [35 points] The following table contains the ACT scores and the GPA for ten college students. Student GPA ACT 2.821 3.4 24 3.026 3.5 27 3.629 3.025 3.225 3.5 28 2.520 3.7 30 10 (a) [10 points] Estimate the relationship between GPA and ACT; that is, obtain the intercept and slope estimates in the equation (You may use a calculator or a spreadsheet program, but show your work.) (b) [2 points] Does the intercept have a useful interpretation here?...
the following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. GPA Monthly Salary ($) 2.7 3,500 3.4 3,800 3.7 4,200 3.2 3,700 3.5 4,200 2.7 2,500 The estimated regression equation for these data is = -422.7 + 1,272.7x and MSE =137,386. a. Develop a point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal). $ b. Develop a 95%...
The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. GPA Monthly Salary ($) 2.7 3,500 3.4 3,900 3.7 4,300 3.2 3,800 3.5 4,100 2.7 2,300 The estimated regression equation for these data is ŷ = -931.8 + 1,431.8x and MSE =187,727. a. Develop a point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal). $ b. Develop a...
The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. GPA 2.7 3.5 3.7 3.2 3.4 2.7 Monthly Salary () 3,500 3,900 4,200 3,700 4,100 2,500 The estimated regression equation for these data is y-313.6+1,238.6x and MSE-141,222 a. Developa point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal) b. Develop a 95% confidence interval for the mean sta...
The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. GPA Monthly Salary ($) 2.7 3,500 3.4 3,900 3.7 4,300 3.2 3,800 3.5 4,100 2.7 2,300 The estimated regression equation for these data is ŷ = -931.8 + 1,431.8x and MSE =187,727. a. Develop a point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal). $ b. Develop a...
The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration GPA 2.7 3.4 3.7 3.1 3.4 2.9 Monthly Salary ($) 3,500 3,800 4,300 3,800 4,200 2,300 The estimated regression equation for these data is y- -726.5 1,367.6x and MSE 335,772 a. Develop a point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal) b. Develop a 95% confidence interval...
ACT SCORES: {23, 28, 22, 20, 23, 19, 20, 29, 27, 18} In addition to ACT scores of the students, consider the following set of data representing the GPAs of each student respectively. {1.83, 4, 3.05, 3.77, 3.55, 2.58, 3.16, 3.39, 3.86, 2.92} (a) Compute the correlation coefficient. What do you think about the relationship? (b) Determine the equation of the least squares line by calculating the slope (b1) and intercept (b0). Use this equation to forecast the ACT score...
The grade point averages (GPA) for 12 randomly selected college students are shown on the right. Complete parts (a) through (c) below. Assume the population is normally distributed. 2.1, 3.1, 2.6, 1.5, 0.6, 4.0, 2.1, 1.1, 3.6, 0.5, 2.1, 3.4 construct a 90% confidence interval for the population mean The grade point averages (GPA) for 12 randomly selected college students are shown on the right. Complete parts (a) through (c) 2.1 below. 1.5 Assume the population is normally distributed. 2.1...