Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Professor Friedman's economics course, the correlation between the students total scores prior to the final exam and their final exam scores is r =

In Professor Friedman's economics course, the correlation between the students total scores prior to the final exam and their final exam scores is r = 0.6. The pre-exam totals for all students in the course have mean 280 and standard deviation 30. The final exam scores have mean 75 and standard deviation 8.

a) Find the least squares regression line of final exam scores on pre-final total scores for this course. Show your work.

b) Julie's total before the exam was 300. What does LSR predict for her score on the final exam?

c) Should we have great confidence in our ability to predict Julie's final exam score accurately? Explain your answer and justify it statistically

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions

Question

d. An increase in transportation costs.

Answered: 1 week ago

Question

Beveridge countries typically feature single-payer insurance.

Answered: 1 week ago