Homework Answers
Solution-
After running the regression analysis in the excel, we obtain the following regression output-
A. Slope = 1.90323
B. It means that when value of X increases by 1, then value of Y increases by 1.90323
C. Regression equation is-
Y = -1.419 + 1.90323 * X
D. Yes it would be appropriate when X=10 to be calculated using model.
When X = 10, then Y = -1.419 + 1.90323 * 10
= 17.6133
E. e1 = Actual value - predicted value
= -2 - ( -1.419 + 1.90323 * 1)
= -2.484
Answers
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