Scenario 4: A researcher investigated the relationship between family income and their savings. Using the data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. Interpret the computed r value. (Write your interpretation in statement form) Test if there is a significant relationship between the two variables at 5% level of significance. (Show complete proof/steps with conclusion in statement form)
Scenario 4: A researcher investigated the relationship between family income and their savings. Using the data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. Interpret the computed r value. (Write your interpretation in statement form) Test if there is a significant relationship between the two variables at 5% level of significance. (Show complete proof/steps with conclusion in statement form)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![Scenario 4: A researcher investigated the relationship between family income and their savings.
Using the data from 15 families, the computed r between income and savings was found to be
0.76. The researcher wants to test if there is a significant relationship between the two variables
at 5% level of significance and create a regression equation to predict the possible savings given
the income of the family.
Interpret the computed r value. (Write your interpretation in statement form)
Test if there is a significant relationship between the two variables at 5% level of
significance. (Show complete proof/steps with conclusion in statement form)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F538bf64a-cd29-45bf-8e8a-69a1bda04676%2Fd88118e5-fd88-4849-a4ce-985abd136c84%2Frn8ps1o_processed.png&w=3840&q=75)
Transcribed Image Text:Scenario 4: A researcher investigated the relationship between family income and their savings.
Using the data from 15 families, the computed r between income and savings was found to be
0.76. The researcher wants to test if there is a significant relationship between the two variables
at 5% level of significance and create a regression equation to predict the possible savings given
the income of the family.
Interpret the computed r value. (Write your interpretation in statement form)
Test if there is a significant relationship between the two variables at 5% level of
significance. (Show complete proof/steps with conclusion in statement form)
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