Question

In: Statistics and Probability

The following table shows the number of full-time faculty that WVU has on staff throughout the...

The following table shows the number of full-time faculty that WVU has on staff throughout the years.

Year # of Faculty
2003 1230
2007 1300
2009 1440
2013 1470
2017 1530
2018 1630

(A) Find the equation of the regression line that represents the number of full-time faculty, F , as a function of x years since 2000. (round the regression coefficients to two decimal places)
F(x) =


(B) What is the correlation coefficient (r-value) for the regression model? (Round your answer to three decimal places)
r =

(C) Given the value of r , does the regression line model the data well? That is, does the equation do a good job of modeling the data?

Yes, the r-value is low, meaning the data can be modeled using a line

No, the r-value is high, meaning the data can't be modeled using a line    

Yes, the r-value is high, meaning the data can be modeled using a line

No, the r-value is low, meaning the data can't be modeled using a line




(D) Using the regression line, How many Faculty members did WVU have in 2010? (Round your answer to the nearest whole number)

Solutions

Expert Solution

(A)

From the given data, the following Table is calculated:

X F XF X2
3 1230 3690 9
7 1300 9100 49
9 1440 12960 81
13 1470 19110 169
17 1530 26010 289
18 1630 29340 324
Total = 67 8600 100210 921

the equation of the regression line that represents the number of full-time faculty, F , as a function of x years since 2000 is given by:

F(X) = 1163.48 + 24.17 x

(B)

From the given data, the following Table is calculated:

X F XF X2 Y2
3 1230 3690 9 1512900
7 1300 9100 49 1690000
9 1440 12960 81 2073600
13 1470 19110 169 2160900
17 1530 26010 289 2340900
18 1630 29340 324 2656900
Total = 67 8600 100210 921 12435200

The correlation coefficient (r-value) for the regression model = 0.964

(C) Correct option:

Yes, the r-value is high, meaning the data can be modeled using a line


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