(a) Determine the equation of the estimated regression line. (Round all numerical values to four decimal places.) (b) Calculate a point estimate for true average efficiency ratio when tank temperature is 185. (Round your answer to four decimal places.) (c) Calculate the values of the residuals from the least squares line for the four observations for which temperature is 185. (Round your answers to two decimal places.) (185, 0.80) (185, 1.71) (185, 1.96) (185, 2.76) Why do they not all have the same sign? O These residuals do not all have the same sign because in the cases of the first two pairs of observations, the observed efficiency ratios were larger than the predicted value. In the cases of the last two pairs of observations, the observed efficiency ratios were smaller than the predicted value. O These residuals do not all have the same sign because in the case of the third pair of observations, the observed efficiency ratio was equal to the predicted value. In the cases of the other pairs of observations, the observed efficiency ratios were smaller than the predicted value. O These residuals do not all have the same sign because in the cases of the first two pairs of observations, the observed efficiency ratios were smaller than the predicted value. In the cases of the last two pairs of observations, the observed efficiency ratios were larger than the predicted value. O These residuals do not all have the same sign because in the case of the second pair of observations, the observed efficiency ratio was equal to the predicted value. In the cases of the other pairs of observations, the observed efficiency ratios were larger than the predicted value.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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