In: Economics
(a) |
Make an Excel worksheet to calculate SSxx, SSyy, and SSxy. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) |
Part-Time Weekly Earnings ($) by College Students | ||||
Hours Worked (X) | Weekly Pay (Y) | (xi−x⎯⎯)2(xi−x¯)2 | (yi−y⎯⎯)2(yi−y¯)2 | (xi−x⎯⎯)(yi−y⎯⎯)(xi−x¯) (yi−y¯) |
10 | 93 | ? | ? | ? |
15 | 171 | ? | ? | ? |
20 | 204 | ? | ? | ? |
20 | 156 | ? | ? | ? |
35 | 261 | ? | ? | ? |
x⎯⎯x¯ | y⎯⎯y¯ | ssxxssxx | ssyyssyy | ssxyssxy |
? | ? | ? | ? | ? |
(b) |
Use the formulas to calculate the slope and intercept. (Round your answers to 3 decimal places.) |
b1 | ? |
b0 | ? |
(c) |
Use your estimated slope and intercept to make a worksheet to calculate SSE, SSR, and SST. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Do not round intermediate calculations, but final answers should be rounded to 3 decimal places.) |
Hours Worked (xi) |
Weekly Pay (yi) |
Estimated Pay (yˆi)(y^i) |
yi−yiˆyi−yi^ | (yi−yˆi)2(yi−y^i)2 | (yˆi−y⎯⎯)2(y^i−y¯)2 | (yi−y⎯⎯)2(yi−y¯)2 |
10 | 93 | ? | ? | ? | ? | ? |
15 | 171 | ? | ? | ? | ? | ? |
20 | 204 | ? | ? | ? | ? | ? |
20 | 156 | ? | ? | ? | ? | ? |
35 | 261 | ? | ? | ? | ? | ? |
x⎯⎯x¯ | ? |
y⎯⎯y¯ | ? |
SSE | ? |
SSR | ? |
SST | ? |
(d) | Calculate the R2. (Round your answer to 4 decimal places.) |
R2 | ? |