Using the ROI data set: For each of the two majors: Draw the scatter diagram

FratBro23
Category:
Statistics
Price: $30 USD

Question description

Using the ROI data set:


For each of the two majors:

  1. Draw the scatter diagram of Y = ‘Annual % ROI’ against X = ‘Cost’.
  2. Obtain b0 and b1 of the regression equation defined as y ̂ = b0 + b1X and the coefficient of determination (r2) from the Excel regression output.  
  3. Draw the fitted regression line on the scatter diagram.
  4. Calculate the estimated ‘Annual % ROI’ when the ‘Cost’ (X) is $160,000.
  5. Test the hypothesis: 
    • H0: β1 = 0
    • Ha: β1 ≠ 0
  6. Write a paragraph or more on any observations you make about the regression estimates, coefficient of determination, the plots, and the results of your hypothesis tests.

Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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