In: Statistics and Probability
2. If the values of x in problem range from 2 to 25, should you use this model to predict the mean value of y when x =
a. 3 ?
b. -3 ?
c. 0 ?
d. 24 ?
3. Fitting a straight line to a set of data yields the following prediction line: Y = 16 - .05x
a. Interpret the meaning of y intercept, b0
b. Interpret the meaning of slope, b1
c. Predict the value for y when x = 6
4. How do you interpret a coefficient of determination, r2 = 0.80?
PREFERRABLY TYPED PLEASE. Easier for me to understand.
Ans 2 ) If the values of x in problem range from 2 to 25, should you use this model to predict the mean value of y when x =
a. 3 yes because it is inside the range 2 to 25
b. -3 no because it is outside the range 2 to 25
c. 0 no because it is outside the range 2 to 25
d. 24 yes because it is inside the renge 2 to 25
Ans 3 ) a straight line is Y = 16 - .05x
a)meaning of y intercept, b0 is , when x = 0 the predicted value of y is 16
b.)meaning of b1: for every one unit increase in X , on average mean value of y decrease by 0.05
c.) the value for y when x = 6 is16 - .05*6=15.7
4. interpret of coefficient of determination, r2 = 0.80
about 80% variation in Y can be explained by the value of x in this model
PREFERRABLY TYPED PLEASE. Easier for me to understand.