Question

In: Statistics and Probability

Consider the data. xi 1 2 3 4 5 yi 4 7 5 11 15 The...

Consider the data.

xi

1 2 3 4 5

yi

4 7 5 11 15

The estimated regression equation for these data is  ŷ = 0.60 + 2.60x.

(a)Compute SSE, SST, and SSR using equations SSE = Σ(yiŷi)2, SST = Σ(yiy)2, and SSR = Σ(ŷiy)2.

SSE=SST=SSR=

(b) Compute the coefficient of determination r2.

r2 =

Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)

A) The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line.

B) The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line.   

C) The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line.

D) The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line.

(c)Compute the sample correlation coefficient. (Round your answer to three decimal places.)

Solutions

Expert Solution

The given data is:

x y
1 4
2 7
3 5
4 11
5 15

Using Excel<data<megastat<correlation/regression<regression

Regression Analysis
0.813
r   0.901
Std. Error   2.280
n   5
k   1
Dep. Var. y
ANOVA table
Source SS   df   MS F p-value
Regression 67.6000 1   67.6000 13.00 .0366
Residual 15.6000 3   5.2000
Total 83.2000 4  
Regression output confidence interval
variables coefficients std. error    t (df=3) p-value 95% lower 95% upper
Intercept 0.6000 2.39 0.25 0.82 -7.01 8.21
x 2.6000 0.7211 3.606 .0366 0.3051 4.8949

a)

SSE= 15.6

SST= 83.2

SSR= 67.6

b)

r^2=0.813

The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line

c) r= 0.901

Please do the comment for any doubt or clarification. Please upvote if this helps you out. Thank You!


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