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Statistics math problem using regression

Answer the following questions using the data provided in the excel work sheet. Do everything on excel and return the spread sheet to me. With a 1-2 page paper describing your findings. Below is the question.

College Basketball is big business, with coaches, salaries, revenues, and expenses in million of dollars. The data in the file Colleges-basketball contains the coaches salaries and revenues foor college basketball at sleected schools in a recent year. You can plan to develop a regression model to redict a coach’s salary based on revenue.

1. Assuming a linear relationship, use the east squares method to compute the regression coefficients b0 and b1.

2. Interpret the meaning of the Y intercept, b0, and the slope, b1, in this problem

3. Use the prediction line developed in (a)to predict the coach’s salary for a school that has revenue of $7 million.

4. Compute the coefficient of determination r^2, and interpret its meaning

5. Perform a residual analysis on your results and evaluate the regression assumptions

6. At .05 level signifigance, is there evidence of a linear relationship between the coach’s salary and revenue?

7. Construct a 95% confidence interval estimate of the population slope .

Taidot: Tilastotiede, Excel

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Tietoa työnantajasta:
( 2 arvostelua ) New Braunfels, United States

Projektin tunnus: #32240736

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