At a recent music concert, a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the beginning of the year. The following data were collected. Age Number of concerts 626575404493675545432656543411 Age Number of Concerts 443482554605594635694402381523 SUMMARY OUTPUT Reqression Statiatics Multiple R R Square Adjusted R Square Standard Error Observations 0.802030.643260.623440.9396520 DESCRIPTIVE STATISTICS Age Mean Standard Error Standard Deviation Sample Variance Count 532.18499.771195.473720 Concerts Mean Standard Error Standard Deviation Sample Variance Count 3.650.34241.53132.344720
SPEARMAN RANK CORRELATION COEFFICIENT =0.8306
ANOVA Regression Residual Total df 11819 SS 28.6571115.8928944.55 MS 28.657110.88294F32.45653 Significance F 2.1082E−05
Intercept Age Coefficients −3.011520.12569Standard Error 1.188020.02206 t Stat −2.534915.69706 P-value 0.020740.00002 Lower 95%−5.507460.07934 Upper 95% −0.51560.1720 a. Determine the standard error of estimate and describe what this statistic tells you about the model's fit.
b. Interpret the coefficient of correlation.
c. Interpret the coefficient of determination, and discuss what its value tells you about the two variables.
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