Question

In: Statistics and Probability

Consider the following data for two variables, x and y. x 9 32 18 15 26...

Consider the following data for two variables, x and y.

x 9 32 18 15 26
y 10 19 22 17 23

(a) Develop an estimated regression equation for the data of the form ŷ = b0 + b1x. (Round b0 to two decimal places and b1 to three decimal places.)

ŷ =

Comment on the adequacy of this equation for predicting y. (Use α = 0.05.)

The high p-value and low coefficient of determination indicate that the equation is inadequate.

The high p-value and high coefficient of determination indicate that the equation is adequate.  

  The low p-value and low coefficient of determination indicate that the equation is inadequate.

The low p-value and high coefficient of determination indicate that the equation is adequate.

(b) Develop an estimated regression equation for the data of the form ŷ = b0 + b1x + b2x2. (Round b0 to two decimal places and b1 to three decimal places and b2 to four decimal places.)

ŷ =

Comment on the adequacy of this equation for predicting y. (Use α = 0.05.)

The high p-value and low coefficient of determination indicate that the equation is inadequate.

The high p-value and high coefficient of determination indicate that the equation is adequate.    

The low p-value and low coefficient of determination indicate that the equation is inadequate.

The low p-value and high coefficient of determination indicate that the equation is adequate.

(c) Use the model from part (b) to predict the value of y when x = 20.(Round your answer to two decimal places.)

Solutions

Expert Solution

(a)

Following is the output of regression analysis generated by excel:

The model is

The p-value of the model is 0.2098

Since p-value is large so model is not significant.

R square is 0.4576. Only 45.76% of variation in y is explained by X.

Correct option is

The high p-value and low coefficient of determination indicate that the equation is inadequate.

-------------------------------------

Following table shows the data for x^2:

Y X x^2
10 9 81
19 32 1024
22 18 324
17 15 225
23 26 676

Following is the regression model:

The model is

The p-value of the model is 0.0269

Since p-value is small so model is significant.

R square is 0.9731. Only 97.31% of variaiton in y is exaplined by X.

Correct option is

The low p-value and high coefficient of determination indicate that the equation is adequate.

(c)

The model of part b is

Putting x=20 gives

Answer: 22.59


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