Q1: Using the data in the Excel file Student Grades, construct a scatter chart for midterm
versus final exam grades and add a linear trendline. What is the regression model? If a
student scores 70 on the midterm, what would you predict her grade on the final exam to be?
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Midterm Final Exam
Predict Final Exam Grade for a Midterm Score of 70:
Using the regression model, substitute the midterm score (70) into the equation to
predict the final exam grade.
If, for example, the regression equation is y=0.5x+40y = 0.5x + 40y=0.5x+40, then:
Final Exam Grade=0.5×70+40=35+40=75\text {Final Exam Grade} = 0.5 \times 70 +
40 = 35 + 40 = 75Final Exam Grade=0.5×70+40=35+40=75
So, if a student scores 70 on the midterm, the predicted final exam score would be 75.
Q2: Using the results of fitting the Home Market Value regression line, compute the errors
associated with each observation and construct a histogram.
SUMMARY
OUTPUT
Regression
Statistics
Multiple R 0.731255
R Square 0.534734
Adjusted R Square 0.523103
Standard Error 7287.723
Observations 42
ANOVA
Significance
df SS MS F F
Regression 1 2.44E+09 2.44E+09 45.97236 3.8E-08
Residual 40 2.12E+09 53110902
Total 41 4.57E+09
Standard Lower
Coefficients Error t Stat P-value Lower 95% Upper 95% 95.0% Upper 95.0%
Intercept 32673.22 8831.951 3.699434 0.00065 14823.18 50523.26 14823.18 50523.2
X Variable 1 35.03637 5.167384 6.780292 3.8E-08 24.5927 45.48004 24.5927 45.4800