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ap stat
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slope interpretations
For every one unit change of x, there is a PREDICTED “b” unit inc/dec in y.
interpretation of y^ and x
Where y^is the predicted electricity production in amperes for one windmill and x represents the observed wind velocity in mph for one windmill.
Residual formula
Residual = actual - predicted
What does r² do?
Explains how much variation y is explained by x. 87.3% of the variation in electricity production can be explained by the variation in wind velocity.
About 10.4% of the variability in number of deaths per 100,000 people is accounted for by the linear model relating deaths to annual consumption of cigarettes per person.
S = 0.237, stand dev. of residuals?
The typical electricity prod. varies from the predicted electricity prod by 0.237 amperes.