Given are five observations for two variables, x and y. Excel File: data14-17.xlsx 6 13 20 Yi 7 18 9. 26 23 The estimated regression equation for these data is y = 7.6 + 0.9x. Compute SSE, SST, and SSR (to 1 decimal). SSE SST SSR What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)? % What is the value of the sample correlation coefficient (to 3 decimals)?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 1E
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Given are five observations for two variables, x and y.
Excel File: data14-17.xlsx
9
13
20
Yi
7
18
26
23
The estimated regression equation for these data is ŷ = 7.6 + 0.9x .
Compute SSE, SST, and SSR (to 1 decimal).
SSE
SST
SSR
What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)?
%
What is the value of the sample correlation coefficient (to 3 decimals)?
2]
100
Transcribed Image Text:Given are five observations for two variables, x and y. Excel File: data14-17.xlsx 9 13 20 Yi 7 18 26 23 The estimated regression equation for these data is ŷ = 7.6 + 0.9x . Compute SSE, SST, and SSR (to 1 decimal). SSE SST SSR What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)? % What is the value of the sample correlation coefficient (to 3 decimals)? 2] 100
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