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Statistics Final Project

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Submitted By ianadamwamboldt
Words 1876
Pages 8
Ian Wamboldt
Math 533- Applied Managerial Statistics
Course Project Part C
February 10, 2013

1. Generate a scatterplot for CREDIT BALANCE vs. SIZE, including the graph of the "best fit" line. Interpret.

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MINITAB OUTPUT:
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Regression Analysis: Credit Balance($) versus Size
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The regression equation is
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Credit Balance($) = 2591 + 403 Size
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Predictor Coef SE Coef T P
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Constant 2591.4 195.1 13.29 0.000
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Size 403.22 50.95 7.91 0.000
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S = 620.162 R-Sq = 56.6% R-Sq(adj) = 55.7%
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Analysis of Variance
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Source DF SS MS F P
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Regression 1 24092210 24092210 62.64 0.000
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Residual Error 48 18460853 384601
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Total 49 42553062
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