(a) Write down the simple linear regression model with necessary explanation of each term. (b) Mention assumptions of this simple linear regression model. (c) Write down the possible range for (i) Population correlation coefficient (p) and (ii) Sample correlation coefficient (r).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Author:Carter
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Chapter4: Equations Of Linear Functions
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Bus-173 (Applied Statistics)

Q1. (a) Write down the simple linear regression model with necessary explanation of each term.
(b) Mention assumptions of this simple linear regression model.
(c) Write down the possible range for
(i) Population correlation coefficient (p) and
(ii) Sample correlation coefficient (r).
(d) Draw graphs for the following with mentioning the values of r:
(i) Perfect negative correlation
(ii) Strong negative correlation
(iii) Strong positive correlation
Transcribed Image Text:Q1. (a) Write down the simple linear regression model with necessary explanation of each term. (b) Mention assumptions of this simple linear regression model. (c) Write down the possible range for (i) Population correlation coefficient (p) and (ii) Sample correlation coefficient (r). (d) Draw graphs for the following with mentioning the values of r: (i) Perfect negative correlation (ii) Strong negative correlation (iii) Strong positive correlation
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