Question

In: Statistics and Probability

Given the following sample observations, draw a scatter diagram on a separate piece of paper. X:...

Given the following sample observations, draw a scatter diagram on a separate piece of paper.

X: −7 −16 11 1 16
Y: 50 248 155 3 343
  1. Compute the correlation coefficient. (Round your answer to 3 decimal places.)

Coefficient of correlation ________

  1. Does the relationship between the variables appear to be linear?

  • Yes

  • No

  1. Try squaring the x variable and then determine the correlation coefficient. (Round your answer to 3 decimal places.)

Coefficient of correlation ______

Solutions

Expert Solution

1)

ΣX ΣY Σ(x-x̅)² Σ(y-ȳ)² Σ(x-x̅)(y-ȳ)
total sum 5 799 678 78006.8 2079.00
mean 1.00 159.80 SSxx SSyy SSxy

sample size ,   n =   5          
here, x̅ = Σx / n=   1.00   ,     ȳ = Σy/n =   159.80  
                  
SSxx =    Σ(x-x̅)² =    678.0000          
SSxy=   Σ(x-x̅)(y-ȳ) =   2079.0          
                  
estimated slope , ß1 = SSxy/SSxx =   2079.0   /   678.000   =   3.0664
                  
intercept,   ß0 = y̅-ß1* x̄ =   156.7336          
                  
so, regression line is   Ŷ =   156.7336   +   3.0664   *x
                  
SSE=   (SSxx * SSyy - SS²xy)/SSxx =    71631.813          
                  
std error ,Se =    √(SSE/(n-2)) =    154.523          
                  
correlation coefficient ,    r = Sxy/√(Sx.Sy) =   0.286   

2)

Yes there does seems to very weak linear correlation.

3)

ΣX ΣY Σ(x-x̅)² Σ(y-ȳ)² Σ(x-x̅)(y-ȳ)
total sum 683 799 54817.2 78006.8 63360.60
mean 136.60 159.80 SSxx SSyy

SSxy


sample size ,   n =   5          
here, x̅ = Σx / n=   136.60   ,     ȳ = Σy/n =   159.80  
                  
SSxx =    Σ(x-x̅)² =    54817.2000          
SSxy=   Σ(x-x̅)(y-ȳ) =   63360.6          
                  
estimated slope , ß1 = SSxy/SSxx =   63360.6   /   54817.200   =   1.1559
                  
intercept,   ß0 = y̅-ß1* x̄ =   1.9105          
                  
so, regression line is   Ŷ =   1.9105   +   1.1559   *x
                  
SSE=   (SSxx * SSyy - SS²xy)/SSxx =    4771.289          
                  
std error ,Se =    √(SSE/(n-2)) =    39.880          
                  
correlation coefficient ,    r = Sxy/√(Sx.Sy) =   0.969

THANKS

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