Exam 12: Simple Regression Analysis and Correlation

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The variability in the estimated slope is smaller when the x-values are more spread out.

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  -In the regression equation,y = 54.78 + 1.45x,the intercept is _______. -In the regression equation,y = 54.78 + 1.45x,the intercept is _______.

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A simple regression model for 10 pair of data resulted in a standard error of 3.95 ,and the.The sum of squares of error (SSE)is ______.

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A manager wishes to predict the annual cost (y)of an automobile based on the number of miles (x)driven. The following model was developed: y = 2,000 + 0.42x.If a car is driven 30,000 miles,the predicted cost is _____________.

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The coefficient of correlation in a simple regression analysis is = - 0.6.The coefficient of determination for this regression would be _______.

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Suppose you compute the correlation coefficient between two variables,X and Y,and obtain a value of 0.55.Then you realize that all the values for both variables have been corrupted in a way that their actual sign has been changed (positive values were turned into negative values and vice versa; only the signs have been changed).Then the actual,corrected value of the correlation coefficient ______.

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