Question

In: Statistics and Probability

Given are five observations for two variables, x and y. x i 1 2 3 4...

Given are five observations for two variables, x and y.

x i 1 2 3 4 5
y i 4 8 6 11 14

Round your answers to two decimal places.

a. Using the following equation:

Estimate the standard deviation of ŷ* when x = 3.

b. Using the following expression:

Develop a 95% confidence interval for the expected value of y when x = 3.

  to  

c. Using the following equation:

Estimate the standard deviation of an individual value of y when x = 3.

d. Using the following expression:

Develop a 95% prediction interval for y when x = 3. If your answer is negative, enter minus (-) sign.

  to  

Solutions

Expert Solution

using excel>Addin>phstat>Regression

we have

Simple Linear Regression Analysis
Regression Statistics
Multiple R 0.9149
R Square 0.8370
Adjusted R Square 0.7827
Standard Error 1.8529
Observations 5
ANOVA
df SS MS F Significance F
Regression 1 52.9000 52.9000 15.4078 0.0294
Residual 3 10.3000 3.4333
Total 4 63.2000
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 1.7000 1.9434 0.8748 0.4461 -4.4847 7.8847
x 2.3000 0.5859 3.9253 0.0294 0.4353 4.1647
Confidence Interval Estimate
Data
X Value 3
Confidence Level 95%
Intermediate Calculations
Sample Size 5
Degrees of Freedom 3
t Value 3.182446
XBar, Sample Mean of X 3
Sum of Squared Differences from XBar 10
Standard Error of the Estimate 1.852926
h Statistic 0.2
Predicted Y (YHat) 8.6
For Average Y
Interval Half Width 2.6371
Confidence Interval Lower Limit 5.9629
Confidence Interval Upper Limit 11.23715
For Individual Response Y
Interval Half Width 6.4597
Prediction Interval Lower Limit 2.1403
Prediction Interval Upper Limit 15.05966

a. the standard deviation of ŷ* when x = 3. is 1.853

b.)a 95% confidence interval for the expected value of y when x = 3.

5.963 to  11.237

c. the standard deviation of an individual value of y when x = 3. is 2.030

d. a 95% prediction interval for y when x = 3.

2.140 to 15.060


Related Solutions

Given are five observations for two variables, x and y. x i 1 2 3 4...
Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 4 8 6 11 14 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 4. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 4. ____to____ c. Using the following equation: Estimate the standard deviation of an individual value...
Given are five observations for two variables, x and y. x i 1 2 3 4...
Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 4 8 5 11 13 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 4. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 4. to c. Using the following equation: Estimate the standard deviation of an individual value...
Given are five observations for two variables, x and y. x i 1 2 3 4...
Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 4 7 5 12 13 Round your answers to two decimal places. A) Using the following equation: Estimate the standard deviation of ŷ* when x = 3. B) Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 3. _______to___________ C)   Using the following equation: Estimate the standard deviation of an individual value...
Given are five observations for two variables, x and y. x i 1 2 3 4...
Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 4 7 6 11 13 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 3. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 3. to c. Using the following equation: Estimate the standard deviation of an individual value...
1. Given are five observations for two variables, x and y. x i 1 2 3...
1. Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 3 7 5 12 13 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 3. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 3. to c. Using the following equation: Estimate the standard deviation of an individual...
Given are five observations for two variables, x and y. xi 1 2 3 4 5...
Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 4 7 7 11 15 The estimated regression equation for these data is ŷ = 1 + 2.6x. Compute SSE, SST, and SSR using the following equations (to 1 decimal). SSE SST SSR Compute the coefficient of determination r2 (to 3 decimals). Does this least squares line provide a good fit? Compute the sample correlation coefficient (to 4 decimals).
Given are five observations for two variables, x and y. xi 1 2 3 4 5...
Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 3 8 6 11 13 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 4. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 4. to c. Using the following equation: Estimate the standard deviation of an individual value of y...
Given are five observations for two variables, x and y. xi 1 2 3 4 5...
Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 4 7 6 12 14 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 3. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 3. to c. Using the following equation: Estimate the standard deviation of an individual value of y...
Given are five observations for two variables, x and y. xi 1 2 3 4 5...
Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 4 7 6 12 14 a. Using the following equation: 12.32a.jpg Estimate the standard deviation of ŷ* when x = 3. b. Using the following expression: 12.32b.jpg Develop a 95% confidence interval for the expected value of y when x = 3. c. Using the following equation: 12.32c.jpg Estimate the standard deviation of an individual value of y when x = 3. d....
1.-Given are five observations for two variables, x and y. xi 1 2 3 4 5...
1.-Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 4 7 4 10 15 (d) Develop the estimated regression equation by computing the values of b0 and b1 using b1 =(Σ(xi − x)(yi − y))/Σ(xi − x)2 and b0 =  y − b1x. (e)Use the estimated regression equation to predict the value of y when x = 2. 2.-Companies in the U.S. car rental market vary greatly in terms of the size of...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT