A department of transportation's study on driving speed and millage for midsize automobiles resulted in the following data. Driving 30 Speed Millage | 28 a) Find the equation of regression line and interpret slope coefficient. Show all summations required for the computation of slope and y-intercept. b) Compute and interpret the sample correlation coefficient and coefficient of determination for these data. Also, find standard error of estimates and interpret. 50 40 55 30 25 60 25 50 55 25 25 23 30 32 21 35 26 25

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A department of transportation's study on driving speed and millage for midsize automobiles resulted
in the following data.
Driving 30
Speed
Millage | 28
a) Find the equation of regression line and interpret slope coefficient. Show all summations
required for the computation of slope and y-intercept.
b) Compute and interpret the sample correlation coefficient and coefficient of determination for
these data. Also, find standard error of estimates and interpret.
50
40
55
30
25
60
25
50
55
25
25
23
30
32
21
35
26
25
Transcribed Image Text:A department of transportation's study on driving speed and millage for midsize automobiles resulted in the following data. Driving 30 Speed Millage | 28 a) Find the equation of regression line and interpret slope coefficient. Show all summations required for the computation of slope and y-intercept. b) Compute and interpret the sample correlation coefficient and coefficient of determination for these data. Also, find standard error of estimates and interpret. 50 40 55 30 25 60 25 50 55 25 25 23 30 32 21 35 26 25
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