Question

In: Math

x: 1.5, 1, .25, .5 y: 3.75, 2, 1, 1.75 1) what is the % variation...

x: 1.5, 1, .25, .5

y: 3.75, 2, 1, 1.75

1) what is the % variation in y explained by the regression

2) test the null hypothesis that the slope =0 with the alternative that slope is not =0 and using alpha =.01. write down the test p value and state your conclusion about the hypothesis.

Solutions

Expert Solution

necessary calculation for finding regression equation:-

x y x^2 y^2 xy
1.5 3.75 2.25 14.0625 5.625
1 2 1 4 2
0.25 1 0.0625 1 0.25
0.5 1.75 0.25 3.0625 0.875
sum=3.250 sum=8.500 sum=3.563 sum=22.13 sum=8.75

  

the regression equation be:-

y= 0.5009 + 1.9989 slope

necessary calculation table for calculating variation in y:-

y FITS() (y hat- y bar)^2 (y-y bar)^2
3.75 3.5 1.890625 2.640625
2 2.5 0.140625 0.015625
1 1 1.265625 1.265625
1.75 1.5 0.390625 0.140625
sum=3.687 sum=4.063

so, the % variation in y explained by the regression:-

percent

b).hypothesis:-

calculation of test statistic:-

necessary calculation:-

x y FITS() (y- y hat)^2 (x- x bar)^2
1.5 3.75 3.5 0.0625 0.472656
1 2 2.5 0.25 0.035156
0.25 1 1 4.44E-31 0.316406
0.5 1.75 1.5 0.0625 0.097656
sum=3.250 sum=0.375 sum=0.921875

test statistic:-

df= (n-2) = (4-2) = 2

p value = 0.0473 ( using p value calculator for df= 2 , t score= 4.4321,alpha = 0.01)

decision:-

p value = 0.0473 >0.01, so we fail to reject our null hypothesis.so, at 0.01 LOS there is not sufficient evidence to say that the slope is different from 0.

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