1 Flashcards
(10 cards)
What does the slope of the regression line tell us?
how much the average value of y changes per one unit change in x
Which choice is not an appropriate term for the x variable in a regression equation?
depdent variable
What is the best way to determine if there is a statistically significant relationship between 2 quanitative variables?
conduct a test of the null hypothesis that the population slope is 0
The R^2 value is reported by researcher to be 49%. Which of the following statements is correct?
The independent variable explaoins 49% of the variability in the response variable.
What is a confidence interval?
A range of values that is likely to contain the true population parameter with a certain confidence (usually 95%)
What is a prediction interval?
A range of values that tells us where we are likely to find the actual value of 𝑌 for a specific 𝑋
What is the main distinction between a confidence interval and a prediciton interval?
confidence interval estimates the mean value of y at a particular value of x, while a prediction interval estimates the range of y values at one particular value of x
At what value is the prediction interval the narrowest?
at the mean value of x because we likely have a lot of data points clustered near that value.
What are the 4 residual assumptions that must be held for a valid linear regression model?
LINH
1. Linearity
2.Independent
3.Normality
4.Homoscedasticity