Question

In: Statistics and Probability

The Test results of the Business Statistics were published and the scores were as followed Students...

The Test results of the Business Statistics were published and the scores were as followed

Students 12 14 10 13 17 12 11 15
Results 5 11 7 8 11 7 6 9

Only 2 decimal places

Determine the α (alpha) Coefficient in the regression equation *

4 points

Your answer

Advise if increasing the number of students to 50 will improve the students’ test scores *

2 points

Remain the same

Increase

Decrease

Determine the β Coefficient in the regression equation *

2 points

Your answer

The association between the students and the results is *

2 points

Positive

Zero

negative

Determine the Correlation Coefficient of the student’s results *

Solutions

Expert Solution

X Y XY
12 5 60 144 25
14 11 154 196 121
10 7 70 100 49
13 8 104 169 64
17 11 187 289 121
12 7 84 144 49
11 6 66 121 36
15 9 135 225 81
Ʃx = 104
Ʃy = 64
Ʃxy = 860
Ʃx² = 1388
Ʃy² = 546
Sample size, n = 8
x̅ = Ʃx/n = 104/8 = 13
y̅ = Ʃy/n = 64/8 = 8
SSxx = Ʃx² - (Ʃx)²/n = 1388 - (104)²/8 = 36
SSyy = Ʃy² - (Ʃy)²/n = 546 - (64)²/8 = 34
SSxy = Ʃxy - (Ʃx)(Ʃy)/n = 860 - (104)(64)/8 = 28

α (alpha) Coefficient in the regression equation = y̅ - (SSxy/SSxx)* x̅

= 8 - (28/36)*13 = -2.11

Advise if increasing the number of students to 50 will improve the students’ test scores = Increase

--

β Coefficient in the regression equation = SSxy/SSxx = 28/36 = 0.78

--

The association between the students and the results is = Positive

--

Correlation coefficient, r = SSxy/√(SSxx*SSyy) = 28/√(36*34) = 0.80


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