x; = 141, y, = 127, > = 2,014, = 1,629, Σ xy= 1,810. (i) Calculate values for S, Sy, and Sy. (ii) Write down, using your answers to part (i), the value of Pearson's correlation coefficient between the variables X, and Y,. (iii) Calculate estimates of the parameters a and b in the regression model.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
![Consider a regression model in which the response variable Y, is linked to the
explanatory variable X, by the following equation:
Y;= a + bX;+ e;, i = 1, ., n
assuming that the error terms e are independent and Normally distributed with
expectation 0 and variance o?. In a sample of size n = 10, the following statistics have
been observed:
x, = 141,
= 127,
i=1
> x = 2,014, v = 1,629,
xy= 1,810.
i=1
i=1
(i)
Calculate values for Sy, Sy, and Sy.
Write down, using your answers to part (i), the value of Pearson's correlation
coefficient between the variables X, and Y,.
(ii)
(iii)
Calculate estimates of the parameters a and b in the regression model.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf37813c-003a-4794-9fce-2272c29cff8c%2F91ec19f6-6b14-4964-8190-84b19202ee37%2F3m9xnn9_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)