Question

In: Math

Given are five observations for two variables,  and . 3 6 12 17 20 59 54 47...

Given are five observations for two variables,  and .

3 6 12 17 20
59 54 47 14 16

The estimated regression equation for these data is y = 70.84 - 2.83x

a. Compute SST, SSE , and SSR.

(to 2 decimals)
(to 2 decimals)
(to 2 decimals)

b. Compute the coefficient of determination r^2. Comment on the goodness of fit.

(to 3 decimals)

The least squares line provided an - Select your answer -goodbadItem 5 fit;   of the variability in  has been explained by the estimated regression equation (to 1 decimal).

c. Compute the sample correlation coefficient. Enter negative value as negative number.

(to 3 decimals)

Solutions

Expert Solution

For the given data using Regression Excel we get output as

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.94605133
R Square 0.895013119
Adjusted R Square 0.860017492
Standard Error 8.0200974
Observations 5
ANOVA
df SS MS F Significance F
Regression 1 1645.034113 1645.034 25.574999 0.014919662
Residual 3 192.9658869 64.32196
Total 4 1838
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 70.84405458 7.419134087 9.548831 0.0024363 47.23305872 94.45505044
x -2.831384016 0.559874857 -5.05717 0.0149197 -4.613155685 -1.049612346

( c )  sample correlation coefficient.

Find X⋅Y , X2 and Y2 as it was done in the table below.

X Y X⋅Y X⋅X Y⋅Y  
3 59 177 9 3481
6 54 324 36 2916
12 47 564 144 2209
17 14 238 289 196
20 16 320 400 256

r = -0.946


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