Why or why not. 60. Online Education. One of the biggest changes in higher education in recent years has ent organization whose mission is to build a comprehensive list of the top accredited been the growth of online universities. The Online Education Database is an independ- online colleges. The following table shows the retention rate (%) and the graduation rate (%) for 29 online colleges. Retention Rate (%) 7 51 4 60 37 63 73 78 48 95 68 100 100 29 33 47 63 45 60 62 67 65 78 75 54 45 38 51 69 Graduation Rate (%) 25 25 28 32 33 33 34 36 36 36 36 37 37 38 39 41 44 45 46 47 48 50 51 52 53 55 56 57 61 a. Develop a scatter diagram with retention rate as the independent variable. What does the scatter diagram indicate about the relationship between the two variables? b. Develop the estimated regression equation. c. Test for a significant relationship. Use a = .05. d. Did the estimated regression equation provide a good fit? . Machine Maintenance. Jensen Tire & Auto in i purchase a maintenance o cing 10

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Question
Ch 14 #60
716
DATA file
Online Edu
Carolina? Explain.
e. Do you believe the estimated regression equation developed in part (b) will provide
a good prediction of selling price of a particular house in Winston Salem, North
f. Would you be comfortable using the estimated regression equation developed in
60. Online Education. One of the biggest changes in higher education in recent years has
part (b) to predict the selling price of a particular house in Seattle, Washington?
been the growth of online universities. The Online Education Database is an independ-
ent organization whose mission is to build a comprehensive list of the top accredited
online colleges. The following table shows the retention rate (%) and the graduation
Why or why not?
rate (%) for 29 online colleges.
Retention
Rate (%)
63
73
78
48
95
68
100
100
51
29
33
47
54
45
7
4
63
45
60
62
67
65
78
75
38
51
69
60
37
Graduation
Rate (%)
33
33
34
25
25
28
32
36
36
36
36
37
37
38
39
41
44
45
46
47
48
50
51
52
53
55
56
57
61
a. Develop a scatter diagram with retention rate as the independent variable.
What does the scatter diagram indicate about the relationship between the two
variables?
b. Develop the estimated regression equation.
c. Test for a significant relationship. Use a = .05.
d. Did the estimated regression equation provide a good fit?
61. Machine Maintenance. Jensen Tire & Auto is in the process of deciding whether to
purchase a maintenance contract for its new computer wheel alignment and balan-
cing machine. Managers feel that maintenance expenso chould alated to usage.
Transcribed Image Text:716 DATA file Online Edu Carolina? Explain. e. Do you believe the estimated regression equation developed in part (b) will provide a good prediction of selling price of a particular house in Winston Salem, North f. Would you be comfortable using the estimated regression equation developed in 60. Online Education. One of the biggest changes in higher education in recent years has part (b) to predict the selling price of a particular house in Seattle, Washington? been the growth of online universities. The Online Education Database is an independ- ent organization whose mission is to build a comprehensive list of the top accredited online colleges. The following table shows the retention rate (%) and the graduation Why or why not? rate (%) for 29 online colleges. Retention Rate (%) 63 73 78 48 95 68 100 100 51 29 33 47 54 45 7 4 63 45 60 62 67 65 78 75 38 51 69 60 37 Graduation Rate (%) 33 33 34 25 25 28 32 36 36 36 36 37 37 38 39 41 44 45 46 47 48 50 51 52 53 55 56 57 61 a. Develop a scatter diagram with retention rate as the independent variable. What does the scatter diagram indicate about the relationship between the two variables? b. Develop the estimated regression equation. c. Test for a significant relationship. Use a = .05. d. Did the estimated regression equation provide a good fit? 61. Machine Maintenance. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balan- cing machine. Managers feel that maintenance expenso chould alated to usage.
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