Consider the following values for the dependent and independent variables: x y x y 6 5 18
Question:
Consider the following values for the dependent and independent variables:
x y x y 6 5 18 30 9 20 22 33 14 28 27 35
a. Develop a scatter plot of the data. Does the plot suggest a linear or nonlinear relationship between the dependent and independent variables?
b. Develop an estimated linear regression equation for the data. Is the relationship significant? Test at an a 0.05 level.
c. Develop a regression equation of the form yˆb0b1 ln(x). Does this equation provide a better fit to the data than that found in part b?
Step by Step Answer:
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
Question Posted: