Find the equation of the regression line for the given data

Assignment Help Business Economics
Reference no: EM132027047

1.) Find the equation of the regression line for the given data. Then use the regression equation to predict the value of y for each of the given? x-values. The number of hours 6 students spent for a test and their scores on that test are shown below.

Hours spent studying

1

2

3

4

5

6

Test Score, y

38

44

53

45

63

71

a. Find the regression equation.

b. Predict the value of y for? x=3

c. Predict the value of y for? x=2.5

2.) The number of hours 10 students spent studying for a test and their scores on that test are shown in the table. Is there enough evidence to conclude that there is a significant linear correlation between the? data? Complete parts a through d to answer the question.

Use a=0.1

Hours, x

0

1

2

4

4

5

5

6

7

8

Test score, y

40

40

53

49

64

69

76

80

84

94

?a) Set up the hypothesis for the test.

?b) Identify the critical? value(s).

?c) Calculate the test statistic.

d) What is your? conclusion?

Reference no: EM132027047

Questions Cloud

Make their portfolio attractive compared to strong margin : Unfortunately, the growth and margins are very low in order to make their portfolio attractive compared to strong margin, high growth companies.
Considering new three-year expansion project : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.52 million.
Evaluating project for ultimate recreational tennis racket : You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand.
What is the probability that you randomly select a black : What is the probability that you randomly select a black, don't put the black back, then draw another black
Find the equation of the regression line for the given data : Find the equation of the regression line for the given data. Then use the regression equation to predict the value of y for each of the given? x-values.
How much does bart need to set aside in real terms : How much does Bart need to set aside in real terms at the end of each of the next 46 years to meet his retirement goal?
Compute the price per share of widget stock : Based on this information, compute the price per share of Widget stock.
Estimate the number of workers in the sample : Estimate the number of workers in the sample who are union members by giving the mean of the relevant distribution
Create an investigative toolkit : Create an investigative toolkit. What tools would you have in your toolkit? Document the following: the features of each tool.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd