You run a regression analysis on a bivariate set of data (n = 65). With = 33.3 and j = 34.4, you obtain the regression equation - 4.369x + 60.481 - with a correlation coefficient of r = 0.016. You - want to predict what value (on average) for the response variable will be obtained from a value of 10 as the explanatory variable. What is the predicted response value? y = (Report answer accurate to one decimal place.)

A First Course in Probability (10th Edition)
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Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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You run a regression analysis on a bivariate set of
= 65). With ã = 33.3 and ū
data (n
34.4, you
obtain the regression equation
y = – 4.369x + 60.481
with a correlation coefficient of r =
0.016. You
-
want to predict what value (on average) for the
response variable will be obtained from a value of
10 as the explanatory variable.
What is the predicted response value?
y =
(Report answer accurate to one decimal place.)
Transcribed Image Text:You run a regression analysis on a bivariate set of = 65). With ã = 33.3 and ū data (n 34.4, you obtain the regression equation y = – 4.369x + 60.481 with a correlation coefficient of r = 0.016. You - want to predict what value (on average) for the response variable will be obtained from a value of 10 as the explanatory variable. What is the predicted response value? y = (Report answer accurate to one decimal place.)
Expert Solution
Step 1

From the provided information,

The correlation coefficient (r) = -0.016

Total observations (n) = 65

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