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Q1) Data given are temperatures on arbitrarily selected days in a summer class and number of absences on those days.
Temperature, x
72
85
91
90
88
98
75
100
80
Number of absences, y
3
7
10
8
15
4
5
a) Determine equation of regression line for the given data. Round the line values to the nearest two decimal places. Illustrate your work.
b) Using equation found in part a, forecast number of absences when temperature is 95.
Q2) Create a 1,000 - 1,500 word paper applying Regression and Correlation to personal or business application student is familiar with. Paper needs the collection of interval or ratio level data which appears to be correlated. Utilizing Regression function and graphing function in Excel, calculate mean, median and mode for both sets of data, and computation and interpretation of coefficient of correlation, coefficient of determination. Additionally, use graphing function to graph data and calculate regression equation. Once all of these numbers are computed, interpret meaning of all the numbers.
Describe the sampling distribution model of this mean.
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Use the method of least squares to model the relationship between x and y.
You play a game with two possible outcomes. Outcome A has probability 0.4 and outcome B has probability 0.6. When B occurs you win $2.00; otherwise, you lose $1.00. What is your expected value for this game?
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The summation sign is usually represented by:
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Evaluate the strength of the relationship by computing the coefficient of determination.
One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500. What is the lottery expected profit per ticket?
Karefree State University has an enrollment of 18,000. Researchers took a sample of 900 and found 477 students wanted a Field Hockey team. Construct the 95% and 99% Interval estimates for the population proportion.
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