Define the least-squares regression

Assignment Help Basic Statistics
Reference no: EM131638550

Question: Always plot your data! A skeptic might wonder if the four very different data sets in Table really do have the same correlation and least-squares line. Verify that (to a close approximation) the least-squares line is y = 3+0.5x, as given in Exercise.

Exercise: Always plot your data! Table presents four sets of data prepared by the statistician Frank Anscombe to illustrate the dangers of calculating without first plotting the data. All four sets have the same correlation and the same least-squares regression line to several decimal places. The regression equation is

y = 3 + 0.5x

(a) Make a scatterplot for each of the four data sets and draw the regression line on each of the plots. (To draw the regression line, substitute x = 5 and x = 10 into the equation. Find the predicted y for each x. Plot these two points and draw the line through them on all four plots.)

(b) In which of the four cases would you be willing to use the regression line to predict y given that x = 10? Explain your answer in each case.

1573_sets.jpg

Reference no: EM131638550

Questions Cloud

Who had the largest salary in terms of dollars : The average CPI for 1931 was 15.2. The average CPI for 1976 and 2005 can be found in Table 16.1. Use what you learned in this chapter to convert Babe Ruth's.
Identify characteristics of a corporation : Question - Andrea has prepared the following list of statements about corporations. Identify characteristics of a corporation
Leads to emissions of aluminium flourides : So the smelters use alumina as an input, but its use leads to emissions of aluminium flourides (F) as particulates into the air, creating health problems.
Calculate the inventory turnover and days in inventor : Calculate the inventory turnover, days in inventor, and gross profit rate for 2017 and 2016
Define the least-squares regression : All four sets have the same correlation and the same least-squares regression line to several decimal places.
Explain you think there is a crisis or not support argument : Based on a quick survey of the literature explain if you think there is a crisis or not, and support your argument by providing two credible references.
Financial analysis and recommendations : FIN200 Assignment - How management decision making could be related to capital budgeting techniques such as, internal rate of return, net present value etc.
Explain drug-food or drug-laboratory test interactions : Find an article on drug-drug, drug-alternative therapy, drug-food, or drug-laboratory test interactions
Would you object to monitoring by your employer : Would you object to monitoring by your employer? What impact does workplace monitoring have on the relationship between management and workers?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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