Determine the SSE and the se for Problem 12.7.Use the residuals computed in Problem 12.15 (for Problem 12.7) and determine how many of them are within ± 1se and ± 2se. How do these numbers compare with what the empirical rule says should occur if the error terms are normally distributed?
Answer to relevant QuestionsDetermine the SSE and the se for Problem 12.8.Think about the variables being analyzed by regression in this problem and comment on the value of se.Determine the equation of the regression line to predict annual sales of a company from the yearly stock market volume of shares sold in a recent year. Compute the standard error of the estimate for this model. Does volume ...Study the following analysis of variance table, which was generated from a simple regression analysis. Discuss the F test of the overall model. Determine the value of t and test the slope of the regressionline.Determine the Pearson product-moment correlation coefficient for the followingdata.Shown here are the labor force figures (in millions) published by Index Mundi for the country of Bangladesh over a 10-year period. Develop the equation of a trend line through these data and use the equation to predict the ...
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