Statistics Solutions

[Solved] Insurance Company An insurance company wants to determine the strength of the relationship between the number of hours a person works per week

Question: Insurance Company

An insurance company wants to determine the strength of the relationship between the number of hours a person works per week and the number of injuries or accidents that person has over a period of one week. The data follow. Show formulas and all your works

X (Hours worked) Y (Accidents)
3 0
4 1
5 1
6 2
7 3
8 4

Compute the correlation coefficient.

Find critical value when a = 0.05, is there significant linear correlation between x and y?

Determine the regression equation

Using the regression equation, what is the best predicted value of the number of accidents for a person who work 10 hours per week?

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Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


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