Question
A sample random sample of 35 world-ranked chess players provides the follow statistics. The mean of the number of hours of study per day
A sample random sample of 35 world-ranked chess players provides the follow statistics. The mean of the number of hours of study per day is 6.2 with a standard deviation of 1.3. The mean of the yearly winnings is $208,000 with a standard deviation of $42,000. The correlationr = 0.15. Based on this data, what is the resulting linear regression equation? * O Predicted winnings = 178,000 + 4850 (hours) Predicted winnings = 169,000 + 6300 (hours) O Predicted winnings = 14,550 + 31,200 (hours) Predicted winnings = 7750 + 32,300 (hours) O Predicted winnings = -52,400 + 42,000(hours) %3D
Step by Step Solution
3.42 Rating (161 Votes )
There are 3 Steps involved in it
Step: 1
Let Y denote the yearly winnings of the chess players and let X denote ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Introduction To Probability And Statistics
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
14th Edition
1133103758, 978-1133103752
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App