Question: business stats Attical program is recommended Consider the following data for two variables, and y 9 32 18 15 26 10 20 2017 21 (a)

business stats
business stats Attical program is recommended Consider the following data for two

Attical program is recommended Consider the following data for two variables, and y 9 32 18 15 26 10 20 2017 21 (a) Develop an estimated regression equation for the data of the form 3 + bx (Round by to two decimal places and to three decimal places) Comment on the adequacy of this equation for predicting y. (Use -0.05.) The high value and low coefficient of determination indicate that the equation is inadequate The high p-value and high coefficient of determination indicate that the equation is adequate The low p-value and low coscient of determination indicate that the equation is inadequate The low p-value and high coefficient of determination indicate that the equation is adequate (b) Develop an estimated regression equation for the data of the form p0g + ,*+ #. (Round to two decimal places and to three decimal places and to four decimal places) Coerment on the adequacy of this equation for predicting y (Use 0.05.) The high p-value and low coficient of determination indicate that the equations inadequate The Noh p-value and high coefficient of determination indicate that the equation is adequate The low p-value and low coefficient of determination indicate that the equation is inadequate. The low value and high comcent of determination indicate that the equation is adequate (Uwe the model from part (b) to predict the value of y when 20. (Round your answer to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!