Given Below Are Seven Observations Collected in a Regression Study $$\begin{array} { l l } x & y \\\hline 2 & 12 \\3 & 9 \\6 & 8 \\7 & 7 \\8 & 6 \\7 & 5 \\9 & 2\end{array}$$

question 13

Essay

Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Use Excel to develop a scatter diagram and to compute the least squares estimated regression equation. $$\begin{array} { l l } x & y \\\hline 2 & 12 \\3 & 9 \\6 & 8 \\7 & 7 \\8 & 6 \\7 & 5 \\9 & 2\end{array}$$

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Definitions:

Conflicts

Disagreements or disputes between parties that may arise from differing opinions, interests, or values.

Power Distance

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Societies

Groups of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Hierarchies

Systems in which members of an organization or society are ranked according to status or authority.