Question: Develop the estimated regression equation by using the formula for computing the values for b o and b 1 . Compute SSE, SST, and SSR

  1. Develop the estimated regression equation by using the formula for computing the values for bo and b1.
  2. Compute SSE, SST, and SSR using only Computing formulas.
  3. Compute the coefficient of determination r2(The same as R2). Comment on the goodness of fit (That is, what does the value of r2 tell you about the goodness of the fit). Explain why.
  4. Compute the sample correlation coefficient (r).
  5. Determine if the slope is significant at Alpha = 0.05ant

SHOW YOUR WORK AND CALCULATIONS! WRITE FORMULA FIRST AND FOLLOW ACCORDINGLY

  1. Run the regression model in Excel and submit online.

y 10 5 4 5 0 -1 -2
x 1 2 3 4 5 6 7

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