(Solved): Calculate the linear regression and the correlation coefficient.

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(Solved): Calculate the linear regression and the correlation coefficient.

(Solved): Calculate the linear regression and the correlation coefficient.

 What is the linear regression equation for the old process? 2.     Interpret what the slope in this equation means? 3.     What is the linear regression equation for the new process? 4.     Interpret what the slope in this equation means? 5.     What is the interpretation of the y-intercept in the liner regression equation? 6.     Comparing the old process to the new process was there an increase or decrease? 7.     What is the correlation coefficient for the old process? 8.     What is the correlation coefficient for the new process? 9.     What is the coefficient of variation for the old process? 10.  Interpret the coefficient of variation for the old process. 11.  What is the coefficient of variation for the new process? 12.  Interpret the coefficient of variation for the new process. 13.  What was the average effect of the process change? Did the process average increase or decrease and by how much? 14.  How much did the process performance change on the average? (Hint: Compare the values of b1 and the average of new process performance minus the average of the performance of the old process.)

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