Question

In: Statistics and Probability

A statistical program is recommended. Consider the following data for two variables, x and y. x...

A statistical program is recommended.

Consider the following data for two variables, x and y.

x 9 32 18 15 26
y 9 20 22 16 23

(a)Develop an estimated regression equation for the data of the form ŷ = b0 + b1x. (Round b0 to two decimal places and b1 to three decimal places.)

(b) Develop an estimated regression equation for the data of the form ŷ = b0 + b1x + b2x2. (Round b0 to two decimal places and b1 to three decimal places and b2 to four decimal places.)

Solutions

Expert Solution

(a)

Following is the output of regression analysis generated by excel:

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.748347052
R Square 0.56002331
Adjusted R Square 0.413364413
Standard Error 4.366423773
Observations 5
ANOVA
df SS MS F Significance F
Regression 1 72.8030303 72.8030303 3.81854305 0.14568764
Residual 3 57.1969697 19.06565657
Total 4 130
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 8.606060606 5.188739544 1.658603314 0.19577684 -7.9068244 25.1189456
X 0.46969697 0.240363718 1.954109272 0.14568764 -0.2952477 1.234641595

The  estimated regression equation for the data of the form ŷ = b0 + b1x is

(b)

Following is the output of regression analysis generated by excel:

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.980796243
R Square 0.961961271
Adjusted R Square 0.923922542
Standard Error 1.572424043
Observations 5
ANOVA
df SS MS F Significance F
Regression 2 125.0549653 62.52748263 25.2889963 0.038038729
Residual 2 4.945034744 2.472517372
Total 4 130
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept -12.94213023 5.046081471 -2.564788202 0.12430075 -34.65366644 8.76940599
X 2.929881001 0.542117992 5.404507959 0.03257284 0.597335544 5.262426457
X^2 -0.059346545 0.012909634 -4.597074193 0.04420517 -0.114892216 -0.003800873

An estimated regression equation for the data of the form ŷ = b0 + b1x + b2x2

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