You are interested in knowing whether wealthier people are happier. You collected datafrom fifty people about their incomes and their overall happiness levels on a scale of 1to 10. Upon analyzing the results, you find that the correlation coefficient has a value of-0.25. On the basis of this data, respond to the following:How important is it to randomly select subjects? Explain in detail using anexample of a sample that might not be truly representative of the population.

Answered: ving whether wealthier people are…

ving whether wealthier people are happier. ir incomes and their overall happiness lev results, you find that the correlation coeffi = data, respond to the following:

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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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…
What does the sign and actual number tell you in a correlation?
Please help with these questions.
Select the most appropriate response. If the correlation between a person’s age and annual income is 0.60, then the coefficient of determination tells us that: 36% of the variation in a person’s annual income can be explained by the predictor variable age. 36% of a person’s annual income can be explained by their age 60% of the variation in a person’s annual income can be explained by the predictor variable age 60% of a person’s annual income can be explained by their age
Use the following to answer the question: ˆy=−4x+10.3 with R2=35%. Which best describes the correlation? Weak negative linear relationship Weak positive linear relationship Moderate negative linear relationship No linear relationship Moderate positive linear relationship
Use the output below to test to see if there is a significant negative linear relation between atmospheric pressure and maximum wind speed of hurricanes. Use a 1% level of significance. Correlations: Pressure, WindSpeed Pearson correlation of Pressure and WindSpeed -0.958 %3D P-Value = 0.000
Use the following to answer the question: ŷ : = −3x + 13.9 with R² = 34%. Which best describes the correlation? No linear relationship Weak positive linear relationship O Moderate negative linear relationship O Moderate positive linear relationship Weak negative linear relationship
Write down the properties of R2 . If R2=35.7%, interpret your data. Distinguish between the correlation and regression with example.
r = - 1
Use the output below to test to see if there is a significant positive linear relation between height and head circumference in children. Use a 5% level of significance. Correlations: Height, Head Circ Pearson correlation of Height and Head Circ 0.911 P-Value 0.000