researcher investigated the relationship between family income and savings. Using data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. Interpret the computed r value. Test if there is a significant relationship between the two variables at 5% level of significance
researcher investigated the relationship between family income and savings. Using data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family. Interpret the computed r value. Test if there is a significant relationship between the two variables at 5% level of significance
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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A researcher investigated the relationship between family income and savings. Using data from 15 families, the computed r between income and savings was found to be 0.76. The researcher wants to test if there is a significant relationship between the two variables at 5% level of significance and create a regression equation to predict the possible savings given the income of the family.
- Interpret the computed r value.
- Test if there is a significant relationship between the two variables at 5% level of significance
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