User Account

All Pages

Find regression line that minimize the sum of squares errors

Assignment Help Basic Statistics
Reference no: EM131655252

Question: Examine the following sample data for the variables y and x:

x     1     2     3      4      5

y     4     2     5      8      9

a. Construct a scatter plot of these data. Describe the relationship between x and y.

b. Calculate the sum of squares error for the following equations: (1) yn = 0.8 + 1.60x, (2) yn = 1 + 1.50x, and (3) yn = 0.7 + 1.60x.

c. Which of these equations provides the "best" fit of these data? Describe the criterion you used to determine "best" fit.

d. Determine the regression line that minimizes the sum of squares error.

Reference no: EM131655252

Questions Cloud

Explain reasons why you would or would not invest in dayone : Explain reasons why you would or would not invest in DayOne. Discuss what other options might be considered for raising funds needed to move the company ahead.
How do fomites contribute to the spread of disease : How does indirect transmission of disease differ from direct transmission? How do fomites contribute to the spread of disease
Types of policies exist regarding cultural consideration : What types of policies exist regarding cultural considerations such as this? Explain. Do you feel that these policies are effective in their purpose
What are the five key ways free cash flow is used : What are the five key ways free cash flow is used? How does this relate to an organization s financial plan? Explain basic premise of the Signaling Hypothesis.
Find regression line that minimize the sum of squares errors : Calculate the sum of squares error for the following equations: (1) yn = 0.8 + 1.60x, (2) yn = 1 + 1.50x, and (3) yn = 0.7 + 1.60x.
Share a company who you feel gets supply chain management : Briefly research and share a company who you feel "gets" supply chain management. Explain why they are successful in this marketing effort.
Select and analyze a scholarly article on victimology : Select and analyze a scholarly article on victimology - Summarize the article's thesis and main points in one to two paragraphs
List the roles and functions of leaders and managers : List the roles and functions of leaders and managers. Explain changes in organizations and how they affect leaders. Evaluate the roles of leaders and managers.
Why was the workforce management initiative : Why was the workforce management initiative (WMI) needed? Why was it so important to establish a common language for talent, and what did it accomplish?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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