Question: fon analysis of this data, with score as the predictor variable and amount as the response are given below. SUMMARY OUTPUT Regression Statistics Multiple R

 \fon analysis of this data, with score as the predictor variableand amount as the response are given below. SUMMARY OUTPUT Regression Statistics

\fon analysis of this data, with score as the predictor variable and amount as the response are given below. SUMMARY OUTPUT Regression Statistics Multiple R 0.161641 R Square 0.026128 Adjusted R Square 0.021209 Standard Error 29.3228 Observations 200 ANOVA df SS MS F Significance F Regression 4567.49 4567.49 5.312105 0.022215 Residual 198 170245.7 859.8268 Total 199 174813.2 Standard Coefficients Error t Stat P-value Lower 95% Upper 95%% Intercept 16.40905 10.67363 1.537345 0.125805 -4.63954 37.45764 score 0.246269 0.106851 2.3048 0.022215 0.035558 0.45698 (b) Type the predicted regression equation. 4 marks (c) Use the predicted regression equation to predict amount if score is 120. 4 marks (d) Using the confidence interval, is the slope of the regression line statistically significantly different from zero? 4 marks (e) What does the R square value tell you about the regression? 4 marks (f) What else should you check about this regression? 4 marks

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 Mathematics Questions!