Create a scatterplot of this dataset (either manually, or by using Excel graphing functions) Calculate the sample means, variances, and standard deviations of the variables X and Y either "by hand" or by using Excel and write one sentence describing what each of these mean in terms of the dataset. The calculations below should be done by applying the bivariate regression formulas. In other words, do them “by hand" using a calculator or in Excel in a manner that I can clearly see the formulas you have used. You should also check your calculations by entering the data into an Excel sheet and using the regression analysis function under Data Tools. 1. Show how to calculate a and b. In a sentence, discuss the interpretation of each of them. 2. Calculate the predicted value of 3. Calculate the Sum of Square Errors (SSE), Mean Square Error (MSE) and the Standard and the residual for each observation. Error (s) Explain the meaning of each of them

College Algebra
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ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
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Part 1. The following data represent a random sample of 5 observations. Assume that Y is a linear
function of X and a normally distributed disturbance term with a mean of zero and a constant
variance. In other words: Y = a + bX + u, u ~ N(0,0²)
Observation
Y
X
1.
1
17
2.
3
13
3.
5
8.
4.
7
10
5.
9.
Create a scatterplot of this dataset (either manually, or by using Excel graphing functions)
Calculate the sample means, variances, and standard deviations of the variables X and Y either
"by hand" or by using Excel and write one sentence describing what each of these mean in terms
of the dataset.
The calculations below should be done by applying the bivariate regression formulas. In other
words, do them “by hand" using a calculator or in Excel in a manner that I can clearly see the
formulas you have used. You should also check your calculations by entering the data into an
Excel sheet and using the regression analysis function under Data Tools.
1. Show how to calculate a and b. In a sentence, discuss the interpretation of each of them.
2. Calculate the predicted value of Y and the residual for each observation.
3. Calculate the Sum of Square Errors (SSE), Mean Square Error (MSE) and the Standard
Error (s). Explain the meaning of each of them.
Transcribed Image Text:Part 1. The following data represent a random sample of 5 observations. Assume that Y is a linear function of X and a normally distributed disturbance term with a mean of zero and a constant variance. In other words: Y = a + bX + u, u ~ N(0,0²) Observation Y X 1. 1 17 2. 3 13 3. 5 8. 4. 7 10 5. 9. Create a scatterplot of this dataset (either manually, or by using Excel graphing functions) Calculate the sample means, variances, and standard deviations of the variables X and Y either "by hand" or by using Excel and write one sentence describing what each of these mean in terms of the dataset. The calculations below should be done by applying the bivariate regression formulas. In other words, do them “by hand" using a calculator or in Excel in a manner that I can clearly see the formulas you have used. You should also check your calculations by entering the data into an Excel sheet and using the regression analysis function under Data Tools. 1. Show how to calculate a and b. In a sentence, discuss the interpretation of each of them. 2. Calculate the predicted value of Y and the residual for each observation. 3. Calculate the Sum of Square Errors (SSE), Mean Square Error (MSE) and the Standard Error (s). Explain the meaning of each of them.
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