Spent on journey Person's Age 850 39 997 43 993 50 649 59 1265 25 680...

Spent on journey	Person's Age
850	39
997	43
993	50
649	59
1265	25
680	38

(a) which is dependent and independent

(b) find (b1)

(c) find (b0)

(d) find sst

(e) find ssr

(f) find sse

(g) find coeficicent determ

(h) find correl coefficient

(i) find mse

(j) find stand error

(k) find t-test for b1 if significant

(l) find 99% conf interval for b1

(m) if 65 age, how much spent?

(n) if 65 what is 90% conf interval

(o) if 65 age, what is 90% prediction interval for expected $$ on journey

Expert Solution

a)

Independent variable x =spent on journey

Dependent variable y =person’s age

orchestra answered 2 years ago

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