Please calculate the Correlation Coefficient in the following scenario. Suppose that you collected data to determine the
Question:
Please calculate the Correlation Coefficient in the following scenario.
Suppose that you collected data to determine the relationship between the amount of time a person spends online as an independent variable and the amount of money a person spends online as the dependent variable. Use the following data for questions 6, 7, 8, 9, & 10.
The regression equation is = 24 + 10.1x, where x represents the number of hours a person spends online and represents the predicted amount of money that person spends online.
Sample size is 6.
SSE is 300
SSR is 900
SST is 1200
Standard deviation of the sampling distribution of the sample intercept is 9.54
Standard deviation of the sampling distribution of the sample slope is 3.16
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller