Question

Q2. Consider all observations as one sample of X (1st column) and Y (2nd column) values....

Q2. Consider all observations as one sample of X (1st column) and Y (2nd column) values. Answer the following questions: (20 points)

78

4.4

74

3.9

68

4

76

4

80

3.5

84

4.1

50

2.3

93

4.7

55

1.7

76

4.9

58

1.7

74

4.6

75

3.4

80

4.3

56

1.7

80

3.9

69

3.7

57

3.1

90

4

42

1.8

91

4.1

51

1.8

a) Calculate the correlation coefficient r (5 points)




b) Fit the regression model (predicting Y from X) and report the estimated intercept and slope. (5 points)





c) Test whether the slope equals 0. Report your hypothesis, test statistic, p-value. (10 points)

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Q2. Consider all observations as one sample of X (1st column) and Y (2nd column) values....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Compute the correct linear regression line. Once obtained, assume that one of the eruptions of Old...

    Compute the correct linear regression line. Once obtained, assume that one of the eruptions of Old Faithful lasted 5.0 minutes (i.e., X = 5); strive to predict the approximate waiting time using your linear regression equation. The necessary data is placed below for your reference. X= duration of the current eruption in minutes (to nearest 0.1 minute) Y = waiting time until the next eruption in minutes (to nearest minute) DATA RECORDED IN AUGUST 1-8 1978 Y X 78 4.4...

  • Parametirc test or not: Test statistic: p-value: decision: Is There A Difference Between the Means?

    Parametirc test or not:Test statistic:p-value:decision:Is There A Difference Between the Means?6.7 6.2 3.1 310.3 10 5 5.56.9 5.5 3.3 3.110.5 6.3 4.3 5.44.5 4.6 1.8 25.6 5.6 2 2.65.9 6.1 2.1 2.58 11.7 4 4.68 7.4 3.3 3.15.8 5.2 3.1 2.96 7.3 3.0 3.28.7 5.3 2.7 36 5.5 2.1 2.27.2 6.3 3.5 3.25.9 4.6 2.9 3.46 7.4 3 3.37.2 7.8 3.7 3.48.6 9.4 5.1 5.77.2 8.1 2.8 3.15.8 5.4 2.2 1.83.3 4 1.7 1.86.8 5.1 2 1.83.7 3.5 2.2 2.112...

  • QUESTION 1 a) Consider the data of Table 1.1 which specifies the "life" of 40 similar...

    QUESTION 1 a) Consider the data of Table 1.1 which specifies the "life" of 40 similar car batteries recorded to the nearest tenth of a year. The batteries are guaranteed to last 3 years. Table 1.1 3.5 2.2 3.4 2.5 3.3 4.1 1.6 4.3 3.1 3.8 3.1 3.4 3.7 3.4 4.5 3.3 3.6 4.4 2.6 3.2 3.8 2.9 3.2 3.9 3.7 3.1 3.3 4.1 3.0 3.0 4.7 3.9 1.9 4.2 2.6 3.7 3.1 3.4 3.5 4.7 (i) Represent the above...

  • 5.6 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994...

    5.6 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 x (L1) y (L2) Inflation Unemployment 8.9 7.6 3.8 9.7 3.8 9.6 3.9 7.5 3.8 7.2 1.1 7 4.4 6.2 4.4 5.5 4.6 5.3 6.1 3.1 6.8 2.9 7.5 2.7 6.9 2.7 6.1 2.5 5.6 3.3 5.4 1.7 4.9 1.6 4.5 2.7 4.2 4 1.6 4.7 2.4 5.8 1.9 6...

  • 6) The YourMoney Bank claims that the mean waiting time of customers for service at the...

    6) The YourMoney Bank claims that the mean waiting time of customers for service at the drive through window is 3 minutes. a) State the Hypothesis to show the mean waiting time for service different than 3 minutes. b) Choose a level of a. Use a= 0.05 for this problem. c) To test the hypothesis, the quality-assurance department took a sample of 50 customers and records their waiting time in minutes. The data appear in the YourMoney worksheet of the...

  • Using the data file provided with both variables, x and y, answer the following questions using...

    Using the data file provided with both variables, x and y, answer the following questions using Excel*: 1.Create a scatterplot with the data. Comment on direction, form, strength, outliers and/or other significant findings. 2.Use the linear model to fit a line to the data and determine the equation ỹ = b0 + b1x and Interpret b0and b1. 3.Calculate the coefficient of correlation. Discuss the strength of correlation between the explanatory and response variables. 4.Predict the value for ỹ when you...

  • The following table shows the inflation rate and unemployment rate, both in percent, for the years...

    The following table shows the inflation rate and unemployment rate, both in percent, for the years 1981-2008. We will investigate some methods for predicting unemployment. 4.4 X (L1) y (L2) Year Inflation Unemployment 1981 8.9 7.6 1982 3.8 9.7 1983 3.8 9.6 1984 3.9 7.5 1985 3.8 7.2 1986 1.1 7 1987 6.2 1988 4.4 5.5 1989 4.6 5.3 1990 6.1 5.6 1991 3.1 6.8 1992 2.9 7.5 1993 2.7 6.9 1994 2.7 6.1 1995 2.5 5.6 1996 5.4 1997...

  • The produce manager at a grocery store claims that Granny Smith apples weight a mean of...

    The produce manager at a grocery store claims that Granny Smith apples weight a mean of 4 ounces. (FYI: Granny Smith apples are the green ones.) You are a quality control representative and are testing to see if the claim is reasonable or not. The data below represent a POPULATION of scores from which you are to take a SAMPLE. Your sample size will be ten (10) apples. Your task is to take a sample of 10 scores to test...

  • Please use excel to solve. Any help would be greatly appreciated. A B E F G...

    Please use excel to solve. Any help would be greatly appreciated. A B E F G 1 C D Changes in Consumer Price Index, 1960-2006 (Percent) 2 Year-Year Percent Change in Commodities CPI Year-Year Percent Change in Services CPI 3 4 5 6 7 8 Commodities% 0.9 Services% 3.4 0.6 1.7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37...

  • • 1. What are the quarterly growth rates (Percentage Change From Preceding Period in Real Gross...

    • 1. What are the quarterly growth rates (Percentage Change From Preceding Period in Real Gross Domestic Product) for the U.S. economy for the last six quarters? Report those numbers in your submission 2. What is the average of those 6 quarters? . 3. Is the average of those growth rates above or below the long-run U.S. annual growth rate of 3.5 percent? Bureau of Economke Analysis Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product Percent...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT