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Practice Data From Week 1

This document summarizes data from a study with 5 observations of education levels (x) and earnings (y). It calculates summary statistics like the mean, variance, and standard deviation for x and y. It then performs a linear regression to estimate the relationship between education and earnings, obtaining an estimated slope (B1) of 5.55 and estimated intercept (B0) of -38.8. It reports the regression results, variance of the errors, and variance and standard error of the estimated slope parameter.

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14 views3 pages

Practice Data From Week 1

This document summarizes data from a study with 5 observations of education levels (x) and earnings (y). It calculates summary statistics like the mean, variance, and standard deviation for x and y. It then performs a linear regression to estimate the relationship between education and earnings, obtaining an estimated slope (B1) of 5.55 and estimated intercept (B0) of -38.8. It reports the regression results, variance of the errors, and variance and standard error of the estimated slope parameter.

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© © All Rights Reserved
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Obs edu (x) earnings (y) Xi-mean(X) Yi-mean(Y)

1 12 20 -4 -30
2 14 53 -2 3
3 16 35 0 -15
4 18 80 2 30
5 20 62 4 12
Sum 80 250
Mean 16 50

Df n n
Covariance
Variance 10 544.5
Standard Deviation 3.2 23.3
Correlation
S.E.
3 ways of estimating B1
Reg1 5.55
Reg2 5.55
Reg3 5.55 144
2 ways of estimating B0 196
Constant 1 -38.8 256
Constant 2 -38.8 324
400
1320
F-Statistic 3.91
R2 0.57
0.57

Var(error) 315.3
SE of the regression 17.76

Var(B1) 7.8825
SE(B1) 2.807579
(Xi-mean(X)) (Yi-mean(Y)) Xi-mean(X)^2 Yi-mean(Y)^2 (Yi-mean(Y))*x TSS
120 16 900 -360 900
-6 4 9 42 9
0 0 225 -240 225
60 4 900 540 900
48 16 144 240 144
40 2178 222 2178

4 4 4 n-1
55.5
10 544.5
3.1623 23.3345
0.7521
Yhat ESS RSS Residual
27.8 492.84 60.84 -7.8
38.9 123.21 198.81 14.1
50 0 225 -15
61.1 123.21 357.21 18.9
72.2 492.84 104.04 -10.2
1232.1 945.9

k-1 n-k

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