Statistics Questions - Assignment Example

Statistics Questions Statistics Questions What is the elevation of the line at X=0? 2. When X increases, does Y increase or decrease? How much does Y change when X increases by 1? Based on the positive value of the gradient, when X increases, Y also increases. The equation of the line of best fit is given by For, X=1 3. How much of the variation in Y is accounted for by X? Based on the value of, 48.96% of the variation in Y is accounted for by X. 4. What is the predicted value of Y at X = 5? The value of Y predicted at X=5 is 19.324 5. In terms of the range of the X data, why is the predicted value of Y at X = 5 reliable?

The predicted value of Y is reliable because the confidence interval for the mean of Y is 99.37% which shows the predicted value is fairly close to 100%.