Answered step by step
Verified Expert Solution
Question
1 Approved Answer
From the Stat 243 Homework template, create an R Markdown document. Include in this document/report the following: your name as author your regression analysis
From the Stat 243 Homework template, create an R Markdown document. Include in this document/report the following: your name as author your regression analysis using explanatory variable PPM and response variable Price from the InkjetPrinters data frame (included in the Lock5with R package). Write, in the explanatory style of a lab write-up, your findings for these specific objectives: 1. Produce a scatterplot with the best-fit line overlain 2. Find the equation of the best-fit line 3. Give the following diagnostic plots for the SLM model, and argue that the model seems (or does not seem) to hold. residuals vs. fits qqplot of residuals 4. Give details and your conclusion for a model utility test. (I had in mind that you get your P- value from a theoretical distribution, not a randomization one. If you wish to do both, the write-up might be a source you can return to in order to review both ideas later.) 5. Find the coefficient of determination, and state what it reveals. 6. Find a 95% confidence interval for the true slope B Compile your document in .pdf format, export it from the RStudio server to your local computer, and then upload it to complete this assignment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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 Started