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Regression Analysis for Rent and Family Size

The document outlines a series of statistical analysis tasks related to regression, including finding the regression line, predicting costs based on size and family members, and calculating various statistical metrics such as SSR, SSE, and F statistic. It also addresses the significance of relationships between variables and the percentage of variation explained by family size. The document serves as a guide for performing regression analysis and interpreting the results.

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kanino689
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22 views2 pages

Regression Analysis for Rent and Family Size

The document outlines a series of statistical analysis tasks related to regression, including finding the regression line, predicting costs based on size and family members, and calculating various statistical metrics such as SSR, SSE, and F statistic. It also addresses the significance of relationships between variables and the percentage of variation explained by family size. The document serves as a guide for performing regression analysis and interpreting the results.

Uploaded by

kanino689
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1.

Find and interpret R

2. Find the equation of the regression line for the monthly rent($) and Size (Square Feet) data.?

3. Based on his model, each additional family member increases the predicted costs by how much?

4. Predict montly monthly rental cost when the Size (Square Feet) is 1050

5. find error for the Size (Square Feet) is 1050

6. What percent of the variation in medical expenses is explained by the size of the family?

7. What is SSR,SSE,SST?

8. What is MSR, MSE?

9. Based on the information provided, what is the F statistic?

10. What are estimating variance and standard edviation of regression?

11. Is there a statistically significant relationship between medical care and monthly expense at 0.05 level of significant?

12. What is the number of independent variable in this example?

13. What is the size of sample data?

14. What is the degrees of freedem for denominator?

SST  (Y  Y )2
b1 
 ( X  X )(Y  Y )
(X  X ) 2
SSR  (Yˆ  Y )2
SSE
s 2  MSE 
SSE  e 2  (Y  Yˆ )2 n k  1
b0 Y  b1 X
SSR MSR
MSR  F H : =0 (no linear relationship between X and
k MSE Y)0 1

H : ≠0 (linear relationship exists between X


1 1

1. What is the number of independent variable in this example?


2. What is the size of sample data?
3. What is the degrees of freedem for denominator?
4. What is the prediction equation?
5. Interpret slope of predict equation?
6. Predict montly expence when the number of family members 10
7. If the actual montly expense is 275 when the number of family members 10, find error.
8. Based on his model, each additional family member increases the predicted costs by how much?
9. What percent of the variation in medical expenses is explained by the size of the family?
10. Based on the information provided, what is the F statistic?
11. What are estimating variance and standard edviation of regression?
12. What is SSR?
13. What is MSE?
14. Is there a statistically significant relationship between medical care and monthly expense at 0.05 level of significant?
use P-value

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