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In: Statistics and Probability

16. Calculate the Y-intercept, a, of the regression equation using the following information: (1 pt) Mean...

16. Calculate the Y-intercept, a, of the regression equation using the following information: (1 pt)
Mean number of years of schooling: 12
Mean monthly income: $6,600
Slope, b, of the regression equation: $420

17.Consider the following linear regression prediction equation: Y = 8 + -1x. If x = 6, what is the predicted value of, Y, for this observation (1 pt)?

18. Consider the following linear regression prediction equation: Y = 8 + -1x. If the predicted value of, Y, for an observation is 8, calculate the residual for an observation where the observed value, Y, is equal to 9 (1 pt)?

19. What are the four assumptions of ANOVA (2 pts)?

20. What is the five steps in hypothesis testing using ANOVA (EXTRA 5 pts)?

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