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Regression analysis Consider the following games played at a carnival. Your friends know you are taking a statistics and probability course so they think you

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Regression analysis

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Consider the following games played at a carnival. Your friends know you are taking a statistics and probability course so they think you can help them decide which game to play. Game 1 Profit (In dollars) Probability :2.00 0.9 5.00 10.00 1007 TOCTOO Game 2 Profit [In dollars Probability 1.00 0.5 0.DO 0.3 2.00 0.2 Step 1 of % what is the chance of making money on Game 17 Answer how to Feed 2 Points Prey Pimaking money in Game 1) = P R2. Problem 10.4. Follow the steps below: 1. Obtain a scatterplot matrix for HT18 on log(WT2), HT2, log(WT9), HT9, LG9, ST9. Make some comments about the scatterplots obtained. 2. Starting with the regression of HT18 on all six regressors, use backward elimination to find the "best" model using the AIC criteria. (R code: step(model)). Then find the "best" model using the BIC criteria.

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