Question
In: Statistics and Probability
Rate Starts 8.5 115 7.8 111 7.6 185 7.5 201 8.0 206 8.4 167 8.8 155...
| Rate | Starts |
| 8.5 | 115 |
| 7.8 | 111 |
| 7.6 | 185 |
| 7.5 | 201 |
| 8.0 | 206 |
| 8.4 | 167 |
| 8.8 | 155 |
| 8.9 | 117 |
| 8.5 | 133 |
| 8.0 | 150 |
This is a stats and business economics question. Topic simple linear regression and correlation.
things to calculate manually are:
Calculate the mean and variance of the housing start column and explain if you could.
Calculate the mean and variance of the mortgage rate column and explain if you could.
Calculate the covariance between housing starts and mortgage rates and explain if you could.
Estimate the regression line, and plz plz explain the slope.
Solutions
orchestra answered 1 year agoRelated Solutions
{Exercise 16.3} Dataset: Rate Starts 8.5 115 7.8 111 7.6 185 7.5 201 8.0 206 8.4...
{Exercise 16.3}
Dataset:
Rate
Starts
8.5
115
7.8
111
7.6
185
7.5
201
8.0
206
8.4
167
8.8
155
8.9
117
8.5
133
8.0
150
To determine how the number of housing starts is affected by
mortgage rates an economist recorded the average mortgage rate and
the number of housing starts in a large county for the past 10
years. These data are listed in dataset.
a) Determine the regression line (number of Starts = Rate).
bo = ______(to 2...
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