a) A new spring type is being tested. Ten weights are hung, and the spring length of each weight is measured The weights are measured in pounds, while the length of the springs are measured in inchos Asume that the weights and lengths of the springs are regularly distributed. The following are the findings of a randomly chosen sample in a Microsoft Office Excel output: SUMMARY OUTPUT Regression Statistics QUESTION & Multiple R R Square Adjusted Rt Square Standard Error Observations 0.947933 0.898578 0.885900 4.590614 10 Intercept Weight Coefficient 5.502740 6.734186 Std Error 1-Stat 3.103995 1.772793 0.799887 8.418921 i. Give two assumptions underlying the simple linear regression model. p-value 0.114199 0.000030 ii. Is there any significant relationship between the weights and the spring. lengths? Justify your answer at a = 0.05 level of significance. iii. Fit a linear regression model relating the weights and spring lengths. iv. What is the value of R2 in the above table for?

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9:46
Regression Statistics
QUESTION & (
a) A new spring type is being tested. Ten weights are hung, and the spring length of
of the springs are measured in inches. Assume that the weights and lengths of the
each weight is measured The weights are measured in pounds, while the lengths
springs are regularly distributed. The following are the findings of a randomly
chosen sample in a Microsoft Office Excel output:
SUMMARY OUTPUT
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
Intercept
Weight
0.947933
0.898578
0.885900
4.590614
10
A
Today
9:24 AM
Coefficient Std Error
5.502740
6.734186
t-Stat
3.103995 1.772793
0.799887 8.418921
i. Give two assumptions underlying the simple linear regression model.
p-value
0.114199
0.000030
iv. What is the value of R2 in the above table for?
Edit
ii. Is there any significant relationship between the weights and the spring
lengths? Justify your answer at a = 0.05 level of significance.
3
iii. Fit a linear regression model relating the weights and spring lengths.
4G 60
i
FRE
€
Ep
Transcribed Image Text:9:46 Regression Statistics QUESTION & ( a) A new spring type is being tested. Ten weights are hung, and the spring length of of the springs are measured in inches. Assume that the weights and lengths of the each weight is measured The weights are measured in pounds, while the lengths springs are regularly distributed. The following are the findings of a randomly chosen sample in a Microsoft Office Excel output: SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations Intercept Weight 0.947933 0.898578 0.885900 4.590614 10 A Today 9:24 AM Coefficient Std Error 5.502740 6.734186 t-Stat 3.103995 1.772793 0.799887 8.418921 i. Give two assumptions underlying the simple linear regression model. p-value 0.114199 0.000030 iv. What is the value of R2 in the above table for? Edit ii. Is there any significant relationship between the weights and the spring lengths? Justify your answer at a = 0.05 level of significance. 3 iii. Fit a linear regression model relating the weights and spring lengths. 4G 60 i FRE € Ep
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