y 2 6.32 9.28 4 0.14 5 0.7 6 -4.04 7 3.22 Compute the equation of the linear regression line in the form y = mx + b, where m is the slope and b is the intercept. Use at least 3 decimal places. (Round if necessary) y = x + Compute the correlation coeficient for this data set. Use at least 3 decimal places. (Round if necessary) r= Compute the P-value (Use H4: slope = 0 for the alternative hypothesis.) Use at least 3 decimal places. (Round if necessary) P-value = At the alpha = 0.05 significance level, is the correlation significant? O Yes, significant correlation O No 3.

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### Linear Regression and Correlation

| x  |   y   |
|----|-------|
| 2  |  6.32 |
| 3  |  9.28 |
| 4  |  0.14 |
| 5  |  0.7  |
| 6  | -4.04 |
| 7  |  3.22 |

Compute the equation of the linear regression line in the form \( y = mx + b \), where \( m \) is the slope and \( b \) is the intercept.

Use at least 3 decimal places. (Round if necessary)
\[ y = \_\_\_\_\_ x + \_\_\_\_\_ \]

Compute the correlation coefficient for this data set. Use at least 3 decimal places. (Round if necessary)
\[ r = \_\_\_\_\_ \]

Compute the P-value (Use \( H_A \): slope \(\neq 0\) for the alternative hypothesis.)

Use at least 3 decimal places. (Round if necessary)
\[ \text{P-value} = \_\_\_\_\_ \]

At the alpha = 0.05 significance level, is the correlation significant?
- [ ] Yes, significant correlation
- [ ] No

### Description of Graphs or Diagrams
The provided table displays the corresponding values of the variables \( x \) and \( y \), which will be used to perform linear regression analysis and correlation computation.

1. **Equation of the Linear Regression Line**:
   - This will derive a linear equation \( y = mx + b \) that best fits the data.
   - \( m \) (slope) and \( b \) (intercept) are computed values that will be filled in.

2. **Correlation Coefficient (\( r \))**:
   - This indicates the strength and direction of the linear relationship between \( x \) and \( y \).

3. **P-value**:
   - This evaluates the statistical significance of the observed correlation.

4. **Significance Check**:
   - Based on the computed P-value and the specified \( \alpha \) level of 0.05, determine if the observed correlation is statistically significant.
Transcribed Image Text:### Linear Regression and Correlation | x | y | |----|-------| | 2 | 6.32 | | 3 | 9.28 | | 4 | 0.14 | | 5 | 0.7 | | 6 | -4.04 | | 7 | 3.22 | Compute the equation of the linear regression line in the form \( y = mx + b \), where \( m \) is the slope and \( b \) is the intercept. Use at least 3 decimal places. (Round if necessary) \[ y = \_\_\_\_\_ x + \_\_\_\_\_ \] Compute the correlation coefficient for this data set. Use at least 3 decimal places. (Round if necessary) \[ r = \_\_\_\_\_ \] Compute the P-value (Use \( H_A \): slope \(\neq 0\) for the alternative hypothesis.) Use at least 3 decimal places. (Round if necessary) \[ \text{P-value} = \_\_\_\_\_ \] At the alpha = 0.05 significance level, is the correlation significant? - [ ] Yes, significant correlation - [ ] No ### Description of Graphs or Diagrams The provided table displays the corresponding values of the variables \( x \) and \( y \), which will be used to perform linear regression analysis and correlation computation. 1. **Equation of the Linear Regression Line**: - This will derive a linear equation \( y = mx + b \) that best fits the data. - \( m \) (slope) and \( b \) (intercept) are computed values that will be filled in. 2. **Correlation Coefficient (\( r \))**: - This indicates the strength and direction of the linear relationship between \( x \) and \( y \). 3. **P-value**: - This evaluates the statistical significance of the observed correlation. 4. **Significance Check**: - Based on the computed P-value and the specified \( \alpha \) level of 0.05, determine if the observed correlation is statistically significant.
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