(Steps Shown) Theory (10 points total) For correlation: Explain the different functions of the top and bottom of the correlation equation. Refer to the
Question: Theory ( 10 points total )
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For correlation:
- Explain the different functions of the top and bottom of the correlation equation.
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Refer to the top and bottom of the correlation equation to explain why the added data point in panel (1) might affect the overall correlation of the data set more than the added data point in panel (2).
- Explain how strength of prediction in simple linear regression is a function of the coefficient of determination between the two variables in the regression equation, and the standard error of the estimate. Here you should not refer to formulas, but to the concept of regression. Feel free to illustrate your answer with scatterplots if it helps.
Deliverable: Word Document 
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