Daily changes in stock market prices (May 7-28th, 2020) Lyft vs Ubera. square the correlation coefficient and briefly interpret it.b. compute the least-squares regression equation and draw the line on a scatterplot.c. for two elementary units in your data set, compute predicted values for Y and Residuals.d. find the confidence interval for the slope coefficient.e. test whether or not anything is being explained by regression equation.f. Choose a value of X. Find the expected value of Y for this X. Find the confidence interval for the Y value of an individual with this X value. Find the confidence interval for the population mean Y for individuals with this X value. Summarize and interpret these results.

Transcribed Image Text:

Date Lyft 28-May-20 33.42 27-May-20 32.95 26-May-20 32.48 22-May-20 30.31 21-May-20 30.74 20-May-20 31.4 19-May-20 30.48 18-May-20 29.87 15-May-20 27.52 14-May-20 27.7 13-May-20 29.75 12-May-20 31.09 11-May-20 31.8 8-May-20 32.23 7-May-20 30.28 Uber 34.9 34.42 35.97 34.15 34.45 34.12 33.68 33.7 32.26 32.53 32.3 31.42 31.98 32.59 29.6 Date Lyft 28-May-20 33.42 27-May-20 32.95 26-May-20 32.48 22-May-20 30.31 21-May-20 30.74 20-May-20 31.4 19-May-20 30.48 18-May-20 29.87 15-May-20 27.52 14-May-20 27.7 13-May-20 29.75 12-May-20 31.09 11-May-20 31.8 8-May-20 32.23 7-May-20 30.28 Uber 34.9 34.42 35.97 34.15 34.45 34.12 33.68 33.7 32.26 32.53 32.3 31.42 31.98 32.59 29.6