Least-squares line on scatter diagram

Assignment Help Basic Statistics

Reference no: EM1322304

To find the equation of the least squares line ÿ = a +bx.

Age Let x be the age of a licensed driver in years. Let y be the percentage of all fatal accidents (for a given age) due to failure to yield the right of way. For example, the first data pair says that 5% of all fatal accidents involving 37-year-olds are due to failure to yield the right of way. The Wall Street Journal article referenced in Problem 5 reported the following data:

x	37	47	57	67	77	87
Y	5	8	10	16	30	43

(a) Draw a scatter diagram displaying the data.

(b) Verify the given sums Σx, Σy, Σx², Σy², Σxy and the value of the sample correlation coefficient r.

(d) Graph the least-squares line on your scatter diagram. Be sure to use the point (x, y) as one of the points on the line.

Complete parts (a) through (e), given Σx = 372, Σy = 112, Σx² = 24,814, Σy² = 3194, and Σxy = 8254, and r ≈ -0.943.

(f) Predict the percentage of all fatal accidents due to failing to yield the right of way for 70-year-olds.

Reference no: EM1322304

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