Use the following data for parts (a) through (f). a. Determine the equation of the least squares

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Use the following data for parts (a) through (f).

a. Determine the equation of the least squares regression line to predict y by x.

b. Using the x values, solve for the predicted values of y and the residuals.

c. Solve for se.

d. Solve for r2.

e. Test the slope of the regression line. Use Î± = .01.

f. Comment on the results determined in parts (b) through (e), and make a statement about the fit of theline.

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 05:50 AM

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Use the following data for parts (a) through (f). a. Determine the equation of the least squares

Question:

x 5 73 16 12 9 8 9 11 27 15 13

Step by Step Answer:

x y 5 8 7 9 3 11 16 27 12 15 9 13 x 52 x 2 564 y 83 y 2 1389 b 1 12853 xy 865 n 6 b 0 26941 a 26941 ...View the full answer

Business Statistics for Contemporary Decision Making

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