Question

In: Statistics and Probability

Using the following data on candidates for the Virginia state legislature: Calculate the slope and intercept...

  1. Using the following data on candidates for the Virginia state legislature:
    1. Calculate the slope and intercept for the regression line. Write out the equation model. Be sure to show your work.
    2. Interpret the slope and intercept.

Candidate for Virginia General Assembly

X = number of years in state politics

Y = votes received in Albemarle County

Isabelle

18

2300

Benjamin

5

2950

Sophia

12

1780

Jacob

2

3120

Solutions

Expert Solution

Solution:

We are given following data on candidates for the Virginia state legislature.

Candidate for Virginia General Assembly X = number of years in state politics Y = votes received in Albemarle County
Isabelle 18 2300
Benjamin 5 2950
Sophia 12 1780
Jacob 2 3120

Part a) Calculate the slope and intercept for the regression line. Write out the equation model. Be sure to show your work.

Y = votes received in Albemarle County depends on X = number of years in state politics, thus Y is response variable( Dependent) and X is Explanatory variable (Independent).

where

Slope is:

and Intercept is:

where

Thus we need to make following table:

Candidate for Virginia General Assembly X = number of years in state politics Y = votes received in Albemarle County X^2 XY
Isabelle 18 2300 324 41400
Benjamin 5 2950 25 14750
Sophia 12 1780 144 21360
Jacob 2 3120 4 6240

Thus

Slope is:

Now find mean of X and Y to get Intercept.

Thus intercept is:

Thus equation of regression line is:

Part b) Interpret the slope and intercept.

We have Slope = and intercept =

Interpretation of Slope:

For one unit increase in number of years in state politics , there is decrease of 65.6089 votes received in Albemarle County.

Interpretation of Intercept:

Intercept is value of response variable Y , when independent variable is 0 or absent.

Here if Candidate do not have any number of years in state politics, then number of votes received in Albemarle County would be 3143.4572 .


Related Solutions

   For the following data sample, calculate Xbar, Ybar, the intercept, slope coefficient, sum of squared...
   For the following data sample, calculate Xbar, Ybar, the intercept, slope coefficient, sum of squared residuals, and standard error of the slope coefficient from a regression of AAPL on SPY. date   SPY   AAPL 1/1/18   2.46%   3.41% 1/8/18   1.65%   1.19% 1/15/18   0.90%   0.77% 1/22/18   2.20%   -3.89% 1/29/18   -3.88%   -6.42% a)   Xbar ___ b)   Ybar ___ c)   Intercept ___ d)   slope ___ e)   SSR ___ f)   se(slope) ___
Using the following data create a log-log plot. What is the slope and resulting y-intercept? Show...
Using the following data create a log-log plot. What is the slope and resulting y-intercept? Show calculations. Mass Current 0.02 0 0.15 0.1 0.161 0.2 0.199 0.3 0.298 0.4 0.522 0.5 0.84 0.6 1.298 0.7 1.801 0.8 2.372 0.9 2.571 1
How do I calculate the y intercept, slope, and MSE?
How do I calculate the y intercept, slope, and MSE?
On your scratch paper, write the formulas for the slope and the y-intercept. Using the values...
On your scratch paper, write the formulas for the slope and the y-intercept. Using the values given in the summary table, record how to calculate by hand the slope and y-intercept of the lime. Show all steps. State the final results as the equation of the line. Summary Statistics r = 0.772724. mean length = 3517.94 standard deviation for length = 1623.46 mean duration = 126.4 standard deviation for duration = 43.6616 Within reasonable round off error, your equation should...
Without using the regress command in Stata, how may one compute the slope and the intercept...
Without using the regress command in Stata, how may one compute the slope and the intercept of the regression line given data in .dta format?
Complete the following for the data set: Scatter Plot Calculate the regression line in Y-intercept form...
Complete the following for the data set: Scatter Plot Calculate the regression line in Y-intercept form (do this piece by piece in Excel, or by hand) Interpret in Words your Beta coefficient If X=5; then your Y-hat equals what? Is this a good estimate or not (explain in words) Plot the regression line Use STATA to calculate and interpret the R2 Yi Xi 2 11 4 9 4 14 6 9 8 9 10 8 10 13 11 5 13...
Complete the following for the data set: Scatter Plot Calculate the regression line in Y-intercept form...
Complete the following for the data set: Scatter Plot Calculate the regression line in Y-intercept form (do this piece by piece in Excel, or by hand) Interpret in Words your Beta coefficient If X=5; then your Y-hat equals what? Is this a good estimate or not (explain in words) Plot the regression line Use STATA to calculate and interpret the R2 DATA SET 1: Yi Xi 14 3 11 5 11 3 8 8 5 7 7 10 4 9...
16. Calculate the Y-intercept, a, of the regression equation using the following information: (1 pt) Mean...
16. Calculate the Y-intercept, a, of the regression equation using the following information: (1 pt) Mean number of years of schooling: 12 Mean monthly income: $6,600 Slope, b, of the regression equation: $420 17.Consider the following linear regression prediction equation: Y = 8 + -1x. If x = 6, what is the predicted value of, Y, for this observation (1 pt)? 18. Consider the following linear regression prediction equation: Y = 8 + -1x. If the predicted value of, Y,...
Create a class defined for Regression. Class attributes are data points for x, y, the slope and the intercept for the regression line.
Python:Create a class defined for Regression. Class attributes are data points for x, y, the slope and the intercept for the regression line. Define an instance method to find the regression line parameters (slope and intercept). Plot all data points on the graph. Plot the regression line on the same plot.
1.) a. Create a graph of the data below, then calculate the slope to find the...
1.) a. Create a graph of the data below, then calculate the slope to find the spring constant 'k'. b. Describe the functional relationship between all of this data (in other words, how does all of this connect?) c. Calculate the gravitational potential energy and the spring potential energy of the 0.2, 0.4, 0.6, 0.8, and 1.0 kg masses. d. Are there any patterns between these two types of potential energy? Why or why not? Mass (kg) m * g...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT