Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In an investigation into prediction using the stars and planets a celebrated astrologist Horace Cope predicted the ages at which thirteen young people would first

In an investigation into prediction using the stars and planets a celebrated astrologist Horace Cope predicted the ages at which thirteen young people would first marry. The complete data, of predicted and actual ages at first marriage, are now available and are summarised in the table.

Person A B C D E F G H I J K L M

Predicted age x (years) 24 30 28 36 20 22 31 28 21 29 40 25 27

Actual age y (years) 23 31 28 35 20 25 45 30 22 27 40 27 26

(a) Draw a scatter diagram of these data.

(b) Calculate the equation of the regression line of y on x and draw this line on the scatter diagram. (c) Comment upon the results obtained, particularly in view of the data for person G. What further action would you suggest?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

7th edition

978-1118334331, 1118334337, 978-1119036449, 1119036445, 978-1119036432

Students also viewed these Mathematics questions

Question

What research interests does the faculty member have?

Answered: 1 week ago

Question

Forecast and Financial Data Forecast and Financial Data

Answered: 1 week ago