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Business & Finance · SweetStudy

W2

Overview

Instructions

The attached dataset (  Chapter 16 Data Set 2.xlsx Download Chapter 16 Data Set 2.xlsx ) contains results from a timed test:

· Time = average response time per item

· Correct = number of guesses taken to answer correctly

For this discussion, you will use  Excel to analyze the relationship between the two variables.

✅ Tasks

1. Run a Regression

· Use Excel’s  Data Analysis → Regression tool.

· Set  Correct (number of guesses) as the  response (dependent variable).

· Set  Time (average response time) as the  predictor (independent variable).

2. Interpret the Results

· Is response time significant in predicting the number of guesses? (use the p-value at the 0.05 level).

· What does the  sign of the coefficient tell you about the relationship?

3. State the Regression Equation

· Write the equation in the form:

Correct=a+b(Time)

where  a = intercept and  b = slope (from Excel output).

4. Make a Prediction

· Using your equation, predict the number of guesses if the average response time is  15 seconds. (Insert 15 into your equation and calculate by hand.)