Find the linear regression line

Assignment Help Basic Statistics
Reference no: EM13948403

Use the data from the class survey. Prepare an Excel worksheet using the ages and the guessed income columns

Age

Guessed Incomes (in $1000s)

31

50

39

40

47

60

26

70

48

42

46

28

41

40

37

60

37

50

50

35

42

43

29

50

40

50

35

40

1. For each variable, get the summary statistics using the tools, data analysis

2. For each variable, get the mean and the standard deviation using the paste function.

3. For each variable, draw a histogram. Put appropriate labels on the histogram.

4. Using age as the x variable and guess income as the y variable, draw a scatterplot. Put appropriate labels on the scatterplot.

5. Find the linear regression line. Draw it on the scatterplot and label it with the proper equation.

6. Find the correlation coefficient, r. Also find r2

7. Print each graph on a separate sheet. Be sure your name is on each page that you print.

8. Print your worksheet.

Use a highlighter or colored ink to mark your answers on the worksheet. Label each answer with the number of the exercise that it is addressing.

Reference no: EM13948403

Questions Cloud

What is intrapreneurship and how is it best enabled : Who Is The Entrepreneur? In your text, the top right-hand quadrant defines an entrepreneur as being one who has high creativity and innovativeness but not necessarily high management skills and business know-how, What is intrapreneurship and how i..
Problem regarding the saddle-point solutions : Verify that the following two systems have saddle-point solutions at the origin
Establish the fixed point : (i) Establish the fixed point. (ii) Derive the equations for the two isoclines and establish the vector of forces. (iii) Derive the equation for the stable and unstable arms.
Wireless solution for a sporting goods company : The objective of the project is to recommend a wireless solution for a sporting goods company. This is an individual project. You will be required to submit two assignments for the project. Because of this, you may need to spend additional time an..
Find the linear regression line : For each variable, draw a histogram. Put appropriate labels on the histogram. Using age as the x variable and guess income as the y variable, draw a scatterplot. Put appropriate labels on the scatterplot.
Problem regarding the dynamic adjustment equations : Firm i chooses qi(t) to maximise 1ri(t), assuming qj(t)=qj(t -1) for all j =l= i. What are the dynamic adjustment equations? Show that no matter which rm is the monopolist in period 0, the system moves to one of oscillations in which the Cournot so..
Describe the research hypothesis in the article : Describe the research hypothesis in the article, Describe the type of quantitative research design selected and why this design was chosen by the author(s)
What are the recursive equations : What are the recursive equations for each model and what is their fixed point? Compare the adjustment of prices in each model.
Why is variable costing better than absorption costing : Why is variable costing better than absorption costing for the evaluation of segment performance? Why is variable costing better than absorption costing for planning and controlling costs?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculate the mean median and mode measures

Calculate the mean, median and mode measures of central tendency for the percentage of gold content. Which measure does the best job of describing central tendency for this variable?

  Determine value of p when start to worry

You only worry if there is at least a 50 or more percent chance that you have the disease. Suppose that test has same specificity = p For what value of p will you start to worry?

  What is the odds ratio for diabetes in a man age forty five

Evidence of statistical interaction or effect modification. What is the odds ratio for diabetes in a man aged 65 compared with a woman aged 60 (both have the same waist circumference)?

  How large a sample should be taken to estimate the true

the label on 1-gallon cans of paint states that the amount of paint in the can is sufficient to paint 400 square feet.

  Compute the probability that more than 10 customers will

the number of customers arriving per hour at a certain automobile service facility is assumed to follow a poisson

  Find each firm''s output, profit, and price

Let market demand be given by Q( P) = 200 - P. Each firm's cost function is C(qi ) = 20qi , where i = 1, 2. Using the Cournot model, find each firm's output, profit, and price.

  On average a major earthquake richter scale 60 or above

1. in quebec 90 percent of the population subscribes to the roman catholic religion. in a random sample of 8 quebecois

  Using a significance level of 005 what should channel 9

channel 9 television in colville washington recently conducted a study of television news viewers. one item of interest

  State the null and alternative hypotheses for testing matts

matt thinks that he has a special relationship with the number 2. in particular matt thinks that he would roll a 2 with

  What is the exact significance level

Is the F-value for Levene's Test for Equality of Variances significant? What is the exact significance level? if the Levene's Test for Equality of Variances is significant, then equal variances cannot be assumed.

  Can company claim that they are faster than average utility

They answered in 230 seconds per call with a standard deviation of $40. Can the company claim that they are faster than the average utility?

  Suppose that the x-bar chart is based on samples of size 1

assume that a quality characteristic is normally distributed. an x-bar control chart is constructed with 3 sigma

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