Essay
To warm up, let us start with a problem that has a "perfect" regression line. Assume that the state prison wants to encourage prisoners to get involved in education. Thus, the prison administration offers that for every hour spent on education, inmates receive 5 additional minutes in the prison yard.
a. Compute beta and interpret your finding.
b. Compute the constant (y intercept or a) and interpret your finding.
c. Assume that John (inmate) has studied 17 hours in the previous week; how many minutes of additional yard time did he earn? Use the classic algebraic equation (y = a + bx) to calculate the amount of minutes earned and interpret your result.
d. Next, you want to predict the total time an inmate is allowed to spend in the yard (weekly allowance + additional time earned). The weekly allowance regarding yard time is (without additional time earned) 630 minutes (10.5 hours).
i. Compute beta.
ii. Compute the constant (a or y-intercept).
iii. How many minutes (total) is John allowed to spend in the prison yard if he has studied for 21 hours? Use the classic algebraic equation (y = a + bx).
Correct Answer:

Verified
Correct Answer:
Verified
Q1: To learn about the accuracy of a
Q2: Assume you have computed b = 6.
Q3: You are interested in the relationship
Q4: Academic literature found evidence that there is
Q5: To predict a certain outcome having detailed
Q6: It is debated whether IQ scores
Q7: Using the example from problem 2:<br>a. State
Q9: Many formulas utilized in statistics are complex.