The average number of people in a family attending college for various years is given in the table below: Year 1969 1973 1975 1979 1983 1988 1991 # Attending College 4.0 3.6 3.2 3.0 3.0 3.0 2.9 Calculate the least-squares regression line. Give the slope accurate to 4 decimal places.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
The average number of people in a family attending college for various years is given in the table below:
| Year | 1969 | 1973 | 1975 | 1979 | 1983 | 1988 | 1991 |
| # Attending College | 4.0 | 3.6 | 3.2 | 3.0 | 3.0 | 3.0 | 2.9 |
Calculate the least-squares regression line. Give the slope accurate to 4 decimal places.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
how do you find the variance of the mean squared errors from this tabe
by Bartleby Expert
