City planners believe that larger cities are populated by older residents. To investigate the relationship, data on

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City planners believe that larger cities are populated by older residents. To investigate the relationship, data on population and median age in 10 large cities were collected.

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a. Plot these data on a scatter diagram with median age as the dependent variable.
b. Find the correlation coefficient.
c. A regression analysis was performed and the resulting regression equation is Median Age 5 31.4 1 0.272 Population. Interpret the meaning of the slope.
d. Estimate the median age for a city of 2.5 million people.
e. Here is a portion of the regression software output. What does it tell you?
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f. Using the .10 significance level, test the significance of the slope. Interpret the result. Is there a significant relationship between the twovariables?
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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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