| =INTERCEPT(known_Y, Known_X) |
| =SLOPE(known_Y, Known_X) |
| =correl("x's","Y's") |
| | T ("X") | GDP ("Y") | | | | | | Year | Barrel Oil $ ("X) | Continental Net Income ($ million) ("Y") |
| | 0 | 9 | | | | | | 2005 | 56 | -70 |
| | 2 | 9 | | | | | | 2006 | 63 | 370 |
| | 4 | 10 | | | | | | 2007 | 67 | 430 |
| | 6 | 11 | | | | | | 2008 | 92 | -590 |
| | 8 | 11 | | | | | | 2009 | 54 | -280 |
| | 10 | 12 | | | | | | 2010 | 71 | 150 |
| | 12 | 13 | | | | | | SUM |
| | 14 | 13 |
| SUM | | | | | | | | | n= |
| | n= |
| | | | | | | | | | (a) Obtain a regression line showing continental's net income as a function of the price of oil (4 points) - Use the long method |
| | Slope (m)= | | = |
| | Y = intercept | | = | | | | | | Slope (m)= | | = |
| | | y = _____X + ____ |
| | | | | | | | | | Y-intercept | | = |
| | Using Excel | Slope | | | | | | | y = _____X + ____ |
| | | Intercept |
| | | correl |
| | | | | | | | | | b. Obtain the coefficient of r (3 points)- Using the long method |
| | | | | | | | | | c. Obtain m, b and the coefficient of correlation, r using excel functions (3 points) |
| | | | | | | | | | Using Excel | Slope |
| | | | | | | | | | | Intercept |
| | | | | | | | | | | correl |