Chapter 12: Q. 63 (page 721)
63. If there are 15 data points in a set of data, what is the number of degree of freedom?
Short Answer
The number of degree of freedom fordata points in a set of data is.
Chapter 12: Q. 63 (page 721)
63. If there are 15 data points in a set of data, what is the number of degree of freedom?
The number of degree of freedom fordata points in a set of data is.
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Get started for freeUse the following information to answer the next two exercises. The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is where is the number of hours passed in an eight-hour day of trading.
If you owned this stock, would you want a positive or negative slope? Why?
Ethan repairs household appliances like dishwashers and refrigerators. For each visit, he charges per hour of work. A linear equation that expresses the total amount of money Ethan earns per visit is. What are the independent and dependent variables? What is the y-intercept and what is the slope? Interpret them using complete sentences.
For a given line of best fit, you compute that using data points, and the critical value is 0.666. Can the line be used for prediction? Why or why not?
The average number of people in a family that attended college for various years is given in Table 12.29.
a. Using “year” as the independent variable and “Number of Family Members Attending College” as the dependent variable, draw a scatter plot of the data.
b. Calculate the least-squares line. Put the equation in the form of: \(\hat{y}=a+bx\)
c. Find the correlation coefficient. Is it significant?
54. Are you more or less confident in the predictive ability of the new line of best fit?
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