Question: Using a data of your own choosing run a simple regression between two variables. 1. What is the correlation (r)? What does it mean? 2.

Using a data of your own choosing run a simple regression between two variables. 1. What is the correlation (r)? What does it mean? 2. What is r square? What does it mean? 3. Write the equation of the regression (y = b0 + b1x). 4. How much would y go up or down for 100 of x? 5. Find y for using a real x value (i.e. for a county, state, country). 6. Find the t-table value for the t-stat of coefficient of x. 7. Compare the number of t-value you found in step 6 with the t-Stat in the output? Is your coefficient significant? Discuss p-value. 8. Check for assumptions of Regression L.I.N.E. Submit the excel file with your regression output. Answers may be in excel or in a separate word file

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