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    9.docx
    Home>Business & Finance homework help>Economics homework help>2

    Module 9 Homework Assignment

    The paired data below consists of test scores and hours of preparation for 5 randomly selected students.

    x Hours of preparation 5 2 9 6 10

    y Test score 64 48 72 73 80

    1. Use the given data to find the correlation coefficient r, regression equation and scatter plot in MS Excel.

    Solution:

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    2. Based on the linear correlation coefficient r, is this a good model? Explain.

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    3. What is the best predicted test score for a student who spent 7 hours preparing for the test?

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    4. Find the standard error. Use the formula or Microsoft Excel (Regression function)

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    5. Find the 99% prediction interval for the test score of a person who spent 7 hours preparing for the test given that E = 34.677. Interpret the result.

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    6. Find the explained variation.

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    7. Find the unexplained variation.

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    8. Find the total variation.

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    9. Find the value of r2 and explain its meaning.

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    10. If the data point ( 3, 100) is added to the data set, how would this effect the results of the regression analysis? Is this data point an outlier, influential point or both? Explain.

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