In Professor Krugman’s economics course, the correlation between the students’ total scores prior to the final examination and their final‑examination scores is ?=0.5. The pre‑exam totals for all students in the course have mean 280280 and standard deviation 40. The final‑exam scores have mean 75 and standard deviation 8. Professor Krugman has lost Julie’s final exam but knows that her total before the exam was 300. He decides to predict her final‑exam score from her pre‑exam total. (a) Which of the choices is the least‑squares regression line of final‑exam scores on pre‑exam total scores in this course? ?̂ =−47+0.1?y^=−47+0.1x ?̂ =47+0.1?y^=47+0.1x ?̂ =47−0.1?y^=47−0.1x ?̂ =−0.1−47?y^=−0.1−47x Which of the choices is correct interpretation of the slope in the context of the problem? For each point of a student's pre‑exam score means an drop of 0.10.1 point on the final exam, on average. For each point of a student's pre‑exam score means an additional 47 points on the final exam, on average. For each point of a student's pre‑exam score means an additional 0.1 point on the final exam, on average. For each point of a student's pre‑exam score means an drop of 47 points on the final exam, on average. (b) Use a regression line to predict Julie’s final‑exam score. Give your answer as a whole number. Predicted final‑score = (c) Julie does not think this method accurately predicts how well she did on the final exam. Select the statement that correctly uses ?2 to argue that her actual score could have been much higher (or much lower) than the predicted value.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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