Determine the best fit linear regression equation using Technology - Excel
Question
The table below shows data on annual expenditure, x (in dollars), on recreation
and annual income, y (in dollars), of 20 families. Use Excel to find the best fit linear
regression equation. Round the slope and intercept to the nearest integer. y=11.0
X+ 14949 Yes that's right. Keep it up!
Calculate the correlation coefficient using Technology - Excel
Question
An economist is studying the link between the total value of a country's exports and
that country's gross domestic product, or GDP. The economist recorded the GDP
and Export value (in millions of $'s) for 30nations for the same fiscal year. This
sample data is provided below.
Correct answers:
r= 0.49 Great work! That's correct.
Calculate the correlation coefficient using Technology - Excel
Question
An economist is trying to understand whether there is a strong link between CEO
pay ratio and corporate revenue. The economist gathered data including the CEO
pay ratio and corporate revenue for 30 companies for a particular year. The pay
ratio data is reported by the companies and represents the ratio of CEO
compensation to the median employee salary. The data are provided below. Use
Excel to calculate the correlation coefficient r between the two data sets. Round
your answer to two decimal places.
Correct answers:
r= −0.17 Yes that's right. Keep it up!
Determine the best fit linear regression equation using Technology - Excel
Question
The table below gives the average weight (in kilograms) of certain people ages 1–
20. Use Excel to find the best fit linear regression equation, where age is the
explanatory variable. Round the slope and intercept to two decimal places. y
= 2.89 x + 4.69. Perfect. Your hard work is paying off 😀
Determine the best fit linear regression equation using Technology - Excel
Question
, In the following table, the age (in years) of the respondents is given as the x value,
and the earnings (in thousands of dollars) of the respondents are given as
the y value. Use Excel to find the best fit linear regression equation in thousands of
dollars. Round the slope and intercept to three decimal places. y = 0.433 x
+ 24.493 Perfect. Your hard work is paying off 😀
Determine the best fit linear regression equation using Technology - Excel
Question
The heights (in inches) and weights (in pounds) of 25 baseball players are given
below. Use Excel to find the best fit linear regression equation, where height is the
explanatory variable. Round the slope and intercept to two decimal places. y
= 6.53 x - 275.47 Well done! You got it right.
Calculate the correlation coefficient using Technology - Excel
Question
A market researcher looked at the quarterly sales revenue for a large e-commerce
store and for a large brick-and-mortar retailer over the same period. The
researcher recorded the revenue in millions of dollars for 30 quarters. The data
are provided below. Use Excel to calculate the correlation coefficient rbetween the
two data sets. Round your answer to two decimal places. Correct answers:
r= −0.81
Calculate the correlation coefficient using Technology - Excel
Question
An amateur astronomer is researching statistical properties of known stars using a
variety of databases. They collect the absolute magnitude or MV and stellar mass
or M⊙ for 30 stars. The absolute magnitude of a star is the intensity of light that
would be observed from the star at a distance of 10 parsecs from the star. This is
measured in terms of a particular band of the light spectrum, indicated by the
subscript letter, which in this case is V for the visual light spectrum. The scale is
logarithmic and an MV that is 1 less than another comes from a star that
is 10 times more luminous than the other. The stellar mass of a star is how many
times the sun's mass it has. The data is provided below. Use Excel to calculate the
correlation coefficient rbetween the two data sets, rounding to two decimal places.
Correct answers:
r= −0.93 Yes that's right. Keep it up!
Calculate the correlation coefficient using Technology - Excel
Question