Question

A study was done on yearly musicals watched (M) and personal awesomeness (A):

Observation	1	2	3
Awesomeness (A)	8	6	10
Musicals Watched (M)	5	2	5

a) Calculate sample mean of A and M.

b) Calculate variance and standard deviation of A and M.

c) Calculate covariance and correlation between A and M. Interpret.

d) Use OLS to estimate the following equation, including predicted values, residuals and R². (Remember to always report OLS in the manner seen in class.)

A_i = ?₁ + ??₂M_i + e_i

Answer 1