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At a Recent Music Concert, a Survey Was Conducted That

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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 62574049675443655441 Number of concerts 6543552631\begin{array} { | l | c | c | c | c | c | c | c | c | c | c | } \hline \text { Age } & 62 & 57 & 40 & 49 & 67 & 54 & 43 & 65 & 54 & 41 \\\hline \text { Number of concerts } & 6 & 5 & 4 & 3 & 5 & 5 & 2 & 6 & 3 & 1 \\\hline\end{array}  Age 44485560596369403852 Number of Concerts 3245454213\begin{array} { | l | c | c | c | c | c | c | c | c | c | c | } \hline \text { Age } & 44 & 48 & 55 & 60 & 59 & 63 & 69 & 40 & 38 & 52 \\\hline \text { Number of Concerts } & 3 & 2 & 4 & 5 & 4 & 5 & 4 & 2 & 1 & 3 \\\hline\end{array}  SUMMARY OUTPUT  DESCRIPTIVE STATISTICS  Reqression Statiatics  Multiple R 0.80203 R Square 0.64326 Adjusted R Square 0.62344 Standard Error 0.93965 Observations 20 Age  Concerts  Mean 53 Mean 3.65 Standard Error 2.1849 Standard Error 0.3424 Standard Deviation 9.7711 Standard Deviation 1.5313 Sample Variance 95.4737 Sample Variance 2.3447 Count 20 Count 20\begin{array}{ll}\text { SUMMARY OUTPUT }&\text { DESCRIPTIVE STATISTICS }\\\begin{array}{lc}\hline {\text { Reqression Statiatics }} \\\hline \text { Multiple R } & 0.80203 \\\text { R Square } & 0.64326 \\\text { Adjusted R Square } & 0.62344 \\\text { Standard Error } & 0.93965 \\\text { Observations } & 20 \\\hline\end{array}&\begin{array}{lclc}\hline {\text { Age }} &&{\text { Concerts }} \\\hline \text { Mean } & 53 & \text { Mean } & 3.65 \\\text { Standard Error } & 2.1849 & \text { Standard Error } & 0.3424 \\\text { Standard Deviation } & 9.7711 & \text { Standard Deviation } & 1.5313 \\\text { Sample Variance } & 95.4737 & \text { Sample Variance } & 2.3447 \\\text { Count } & 20 & \text { Count } & 20\\\hline\end{array}\\\end{array}
 SPEARMAN RANK CORRELATION COEFFICIENT =0.8306\text { SPEARMAN RANK CORRELATION COEFFICIENT }=0.8306

 ANOVA  df  SS  MS F Significance F  Regression 128.6571128.6571132.456532.1082E05 Residual 1815.892890.88294 Total 1944.55\begin{array}{lccccc} \text { ANOVA }\\\hline& \text { df } & \text { SS } & \text { MS } & F & \text { Significance F } \\\hline \text { Regression } & 1 & 28.65711 & 28.65711 & 32.45653 & 2.1082 \mathrm{E}-05 \\\text { Residual } & 18 & 15.89289 & 0.88294 & & \\\text { Total } & 19 & 44.55 & & &\\\hline\end{array}

 Coefficients Standard Error  t Stat  P-value  Lower 95% Upper 95%  Intercept 3.011521.188022.534910.020745.507460.5156 Age 0.125690.022065.697060.000020.079340.1720\begin{array}{lcccccc}\hline & \text { Coefficients } & \text {Standard Error } & \text { t Stat } & \text { P-value } & \text { Lower } 95 \% & \text { Upper 95\% } \\\hline \text { Intercept } & -3.01152 & 1.18802 & -2.53491 & 0.02074 & -5.50746 & -0.5156 \\\text { Age } & 0.12569 & 0.02206 & 5.69706 & 0.00002 & 0.07934 & 0.1720\end{array} 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.


Definitions:

Creditor

An individual, corporation, or other entity that is owed a debt by another party, known as the debtor.

Small Claims Court

A specialized court that handles disputes involving relatively small monetary amounts, making legal proceedings faster and less formal.

Mandatory Case Management

A judicial process that involves the early and active control by a court over a case, in order to expedite proceedings.

Litigation Process

The sequence of legal steps followed in a lawsuit, from the initial filing through to the trial and any potential appeals.

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