Using the graph andintuition determine whether there is a

Assignment Help Finance Basics

Reference no: EM13393386

Based on what you have learned from your research on regression analysis and correlation, answer the following questions about the Body Fat Versus Weight data set:

When performing a regression analysis, it is important to first identify your independent/predictor variable versus your dependent/response variable, or simply put, your x versus y variables. How do you decide which variable is your predictor variable and which is your response variable?
Based on the Body Fat Versus Weight data set, which variable is the predictor variable? Which variable is the response variable? Explain.
Using Excel, construct a scatter plot of your data.

Using the graph andintuition, determine whether there is a positive correlation, a negative correlation, or no correlation. How did you come to this conclusion?

Calculate the correlation coefficient, r, and verify your conclusion with your scatter plot. What does the correlation coefficient determine? Discuss the strength of the correlation coefficient calculated, and if the correlation is positive or negative.Add a regression line to your scatter plot, and obtain the regression equation.

Does the line appear to be a good fit for the data? Why or why not?Regression equations help you make predictions. Using your regression equation, discuss what the slope means, and determine the predicted value of weight when body fat is zero. Interpret the meaning of this result.

Reference no: EM13393386

Questions Cloud

Your sop should be objective yet self-reflective the tone : the statement of purpose sop is an essay that will tell the admissions committee who you are what has influenced your

Find the elasticity of demand for cookbooks bought this way : you are starting your own internet business.nbspyou decide to form a company that will sell cookbooks online.

You are in charge of all marketing activities in north : you are in charge of all marketing activities in north america for the italian luxury sports car manufacturer maserati.

Prepare a single journal entry to record all the incurred : in january 2013 mitzu co. pays 2650000 for a tract of land with two buildings on it. it plans to demolish building 1

Using the graph andintuition determine whether there is a : based on what you have learned from your research on regression analysis and correlation answer the following questions

Determine the key strengths and weaknesses of your company : use the internet or the strayer library to familiarize yourself with an industry and then create a fictional start-up

Describe factors regarding the corporate culture that were : 1 discuss factors about the corporate culture that were at play and suggest central reasons why the executive staff

How must you organize business outside of us should you : youve developed a very popular up-scale but reasonably priced clothing fashion line for young people. you produce

Eric has gradually been losing his eyesightwhich has : 1.javier gives written authorization to tamara to sell his house.javier dies on the october 4. on october 8 tamara

User Account

All Pages