4.2 Section Exercise 22 Question 4 of 17 (1 point) View problem in a pop-up Gove

Question

4.2 Section Exercise 22 Question 4 of 17 (1 point) View problem in a pop-up Government funding: The following table presents the budget (in millions of dollars) for selected organizations that received U.S. government funding for arts and culture in both 2004 and 2006. Organization Corporation for Publie Broadcasting National Endowment for the Humanities National Gallery of Art Commission of Fine Arts Advisory Council on Historic Preservation Source: National Endowment for the Arts 2004 377 135 2006 460 142 95 Download data Part 1 out of 3 Compute the least-squares regression line for predicting the 2006 budget from the 2004 budget. Round the slope andy -intercept to four decimal places. Regression line equation:

Explanation / Answer

from the regression output

y = -9.8770+1.2310x

SUMMARY OUTPUT Regression Statistics Multiple R 0.9988 R Square 0.9975 Adjusted R Square 0.9967 Standard Error 10.8525 Observations 5 ANOVA df SS MS F Significance F Regression 1.0000 141341.4687 141341.4687 1200.0759 0.0001 Residual 3.0000 353.3313 117.7771 Total 4.0000 141694.8000 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept -9.8770 6.5172 -1.5155 0.2269 -30.6177 10.863589 2004.0000 1.2310 0.0355 34.6421 0.0001 1.1179 1.3441111

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