Russell B. answered 12/21/13
Tutor
New to Wyzant
PhD, Mathematics/Statistics/Econometrics/Scientific Methods
Donna,
Use the 24 pair of values (x,y) where x denotes the number of hours spent and y represents the score, to find the equation of the regression line of the form: y = mx + b, where m is the slope of the line and b is its intercept. Note that this can be done in Excel in a number of different ways. One way is to enter the given hours spent in one column, say column A; and the y values in another column (e.g., column B). Next, choose any cell and type in: =SLOPE(y data , x data) to obtain the value for m (the slope). For finding the intercept b, choose another cell and type in: =INTERCEPT(y data , x data). once you have determined the values for m and b, then write the equation y=mx+b, and plug in 4.5 for x in the above equation in order to calculate the predicted y value.
Note 1: If the given 24 values of x occupy cells A1 to A24, then the "x data" should be entered into the both formulas as: A1:A24. Similarly, if the given 24 values of y occupy cells B1 to B24, then the "y data" should be entered into the both formulas as: B1:B24 ; that is:
=SLOPE(B1:B24 , A1:A24), and =INTERCEPT(B1:B24 , A1:A24)
Note 2: The values that you have included for slope (your b1) and the intercept (your b0) do not make sense and seem to be incorrect. Furthermore, we expect the coefficients of correlation and determination to be relatively large for this situation. By "large" we mean that their values are close to 1 (such as 0.9 or 0.8). However, your value of R-squared (Coeff. of determination) is about 0.22 which is really too low and indicates a very weak correlation between hours spent and grade gained.
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