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ou are the foremen of the Bar S cat e renc 1 1 Coloredo. A neighboring ranch has calves for sele. ard you re going to buy yor

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Answer #1

a) Part B follows

The scatter plot is given below

9 200 г 150 100 50 0 10 CD 20 30 40

b) The following results are calculated below in the table

X Y X^2 Y^2 XY
1 39 1 1521 39
5 47 25 2209 235
11 73 121 5329 803
16 100 256 10000 1600
26 150 676 22500 3900
36 200 1296 40000 7200
\sum= 95 \sum= 609 \sum= 2375 \sum= 81559 \sum= 13777

= 95

у 609

22375

81559

ry = 13777

r = \frac{n\sum xy-\sum x \sum y}{\sqrt{n\sum x^{2}-(\sum x)^{2}} \sqrt{n\sum y^{2}-(\sum y)^{2}}}

6 13777-95 609 уб * 2375ー(95)2 V/6 * 81559-16099)2

r0,997

c)

\bar{x}=\sum_{i=1}^{n} \frac{x_{i}}{n}=\frac{1+5+11+16+26+36}{6}=\frac{95}{6}=15.83

\bar{y}=\sum_{i=1}^{n} \frac{y_{i}}{n}=\frac{39+47+73+100+150+200}{6}=\frac{609}{6}=101.5

The regression coefficients for least square regression is obtained as follow

b=\frac{n\sum xy-\sum x\sum y}{n\sum x^2-(\sum x)^2}

613777-95 609 6 2375 (95)2

b4.75

a=\frac{\sum y- b\sum x}{n}

a=\frac{609-4.75*95}{6}

a=26.3

The regression equation is
Y = 26.3 + 4.75 X

d) Part D follows

The least square line is given below

9 200 г 150 100 50 0 CD 10 20 30 40

e) R2 is calculated with the following formula

R^{2}=1-\frac{SSE}{TSS}

Where TSS=\sum (y_{i}-\bar{y})^2=(39-101.5)^2+...+(200-101.5)^2=19745.5

and SSE=\sum (y_{i}-\hat{y})^2 , \hat{y}= 26.3 + 4.75 X and is obtained in the below table

X Y \hat{y} (y_{i}-\hat{y})^2
1 39 31.05 63.20
5 47 50.05 9.30
11 73 78.55 30.80
16 100 102.3 5.29
26 150 149.8 0.04
36 200 197.3 7.29
\sum= 95 \sum= 609 \sum=​​​​​​​ 609.05 \sum=​​​​​​​ 115.93

\therefore SSE=115.93

R^{2}=1-\frac{115.93}{19745.5}=0.994

99.4% explained

and 0.6% is unexplained.

f) Y = 26.3 + 4.75 * 10

Y = 73.8

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