Question Details

(Solved by Expert Tutors) 1. Use the following results obtained from a simple linear regression


analysis with 15 observations. Y ? = 35.5- (1.75)XR2= 0.9345 and sb1 = 0.60Interpret regression results and the value of the coefficient of Determination. Predict the value of Y when X is equal to 10. Calculated the correlation coefficient between Y and X. Test to determine if there is a significant relationship between the independent and dependent variable at ? = 0.05. Perform a two-tailed test.2. A local tire dealer wants to predict the number of tires sold each month. He believes that the number of tires sold is a linear function of the amount of money invested in advertising. He randomly selects past months of data consisting of tire sales (in hundreds of tires) and advertising expenditures (in thousands of dollars). Based on the data set with 20 observations, the simple linear regression model yielded the following results. (X is advertising expenditure in thousand dollars and Y is tires sold in hundreds): ?X = 50; ?Y = 100; ?X2 = 225; ?Y2 = 720; ?XY = 390. Find the Intercept and slope and Write the Regression Equation. Also predict the amount of tires sold when money invested in advertising is 5 thousand dollars. Calculate the correlation coefficient and coefficient of determination. Check whether there is a relation between correlation coefficient and coefficient of determination. Calculate SSE and MSE, and standard error and t-score of the slope coefficient.

 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Apr 19, 2020

EXPERT

Tutor

ANSWER RATING

YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now