a. Calculate the covariance. b. Calculate the coefficient of correlation.
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A: Dataxyx2y2x⋅y389642462364127049008264416152225430∑x=39∑y=14∑x2 =383∑y2 =76∑xy=82
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- 6Complete the statement. When all points fall on the regression line, the value of the correlation coefficient is...Jim and Larry run a soup stand. The data below represents the sales of soup that they had on 8 randomly selected days, along with the high temperature on that day. a) Create a scatter diagram for this data set and comment on whether there is a positive or negative relationship between these variables.b) Calculate the correlation coefficient between temperature and sales.c) Does a linear relationship exist between these variables? Explain to me why or why not this is the case.d) Using excel, calculate the least squares regression equation for this data set. e) Using your equation, predict the soup sales on a day where the temperature is 29 degrees.f) Interpret the slope of this equation.g) Can we use this data set and regression equation to predict the sales on a day when the average temperature is 102 degrees? Why or why not?h) What is the R-squared for this equation? How do you interpret that R-squared?
- Which of the following best describes the Pearson correlation for these data? X Y 2 5 5 1 3 4 4 2An economist wants to determine whether there is a linear relationship between a country's gross domestic product (GDP) and carbon dioxide emissions. The data are shown in the table below. c. Compute and interpret the correlation coefficient. d. Compute and interpret the coefficient of determination. e. Test for the significance of the linear relationship. Use a 0.05 level of significance. State your conclusion. Hint: Your conclusion is either of the following. • There is a significant linear relationship between a country's gross domestic product (GDP) and carbon dioxide emissions. • There is no significant linear relationship between a country's gross domestic product (GDP) and carbon dioxide emissions. GDP 1.6 3.6 4.9 1.1 0.9 2.9 2.7 2.3 1.6 1.5 (trillion dollars) Carbon Dioxide Emissions 428.2 828.8 1214.2 444.6 264 415.3 571.8 454.9 358.7 573.5 (millions of metric tons)Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
- Compute the value of the multiple correlation (R). You should use a computer to find the solution. Y X1 X2 X3 27.6 1 4 4 9.4 3 5 3 15.6 4 7 1 20.3 5 5 4 12.3 3 7 3 8.7 5 3 6 7.3 7 5 7 14.9 6 4 8 17.0 5 3 9 -0.8 4 2 0A veterinarian collects data about puppies in her practice. She makes a scatterplot with their age in days on the horizontal axis and weight in ounces (oz) on the vertical axis and sees that the scatterplot is football shaped. The average age of the puppies is 42 day, with an SD of 7 days. The average weight is 25 oz, with an SD of 5 oz. The correlation is moderately strong, with r = 0.7. 4. (a) The age of two puppies differ by 20 days. The difference in their weight is predicted to be oz. (b) The baseline prediction for the weight of puppies ignores their age and just uses the information from all puppies. The baseline predicted weight is oz and the RMS error for this prediction is o. (c) Suppose we converted the units of age from days to weeks. The average age is now weeks, with an SD of weeks. The correlation between age in weeks and weight in oz is now r =Give an example of two variables that have a positive linear correlation. Give an example of two variables that have a negative linear correlation. Give an example of two variables that have no correlation. Below is the height in inches and weight in pounds of eleven individuals Height, x 62 63 66 68 70 72 73 74 74 75 75 Weight, y 195 190 250 220 250 255 260 275 280 295 300 x = 65 inches x = 69 inches x = 71 inches
- Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. (b) Would you say the correlation is low, moderate, or strong? positive or negative? a) moderate and positiveb) low and negative c) strong and positived) strong and negativee) low and positivef) moderate and negative As x increases, does the value of r imply that y should tend to increase or decrease? Explain. a) Given our value of r, y should tend to decrease as x increases.b) Given our value of r, y should tend to remain constant as x increases. c) Given our value of r, y should tend to increase as x increases.d) Given our value of r, we cannot draw any conclusions for the behavior of y as x increases.Which number below is representative of the largest correlation? r = -0.75 r = .05 r = -0.45 r = 0.65The following table shows the approximate number of wireless telephone subscriptions in recent years.