Q6 25 POINTS Consider the following data One of the stores is a proud sponsor...

50.1K

Verified Solution

Question

Statistics

image

Q6 25 POINTS Consider the following data One of the stores is a proud sponsor of the college soccer team They constantly try to raise money for the team and they want to determine if there is any type of relationship between the amount of contribution and the years that the alumnus has been out of school Years X Contribution Y 300 250 200 150 100 NOTE For the following questions you can use excel analysis or a calculator it is your choice The scatter plot might give you most of the necessary information a Using Excel construct a scatter plot Discuss the output of the scatter plot Chart Title 50 0 1 250 1 2 5 3 10 100 110 0 3 4 6 70 5 6 Years Contribution 6 2 80 175 7 3 e very important Based on the above values in detail draw the conclusion Discuss the correlation coefficient r 8 8 25 9 4 120 b Give or calculate the correlation coefficient c Give or calculate the coefficient of determination d Give or calculate the regression equation coefficients Give the equation of regression Discuss the coefficient of determination r Discuss in detail the meaning of the regression equation f unrelated to the previous data A company has a set of data with employee age X and the corresponding number of annual on the job accidents Y Analysis on the set finds that the regression equation is Y 120 3 0 X

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students