Question

Excel Lab 2: Regression and Goal Seek In this lab, you will use Excel to determine...

Excel Lab 2: Regression and Goal Seek
In this lab, you will use Excel to determine the equation of the model which best fits a set of ordered pairs
obtained from data sets. You will enter data, graph the data, find the equation for the regression model,
and then use that equation to make predictions for the dependent variable. You will use the goal seek to make
predictions for the independent variable. Then you will consider how accurate your predictions are.
Part 1
The more a person weighs, the more Calories they burn every minute when they are walking. The following
table gives the number of Calories a person burns per minute of walking as a function of their weight in
pounds.

Weight (lbs) 100 120 150 170 200 220
Calories burned per minute 2.7 3.2 4.0 4.6 5.4 5.9


1. Enter the data into columns A and B on your spreadsheet, in rows 3-9.
2. Highlight your data and create a scatter plot (the first type, with no lines).
3. Make sure your graph includes a title and that both axes are labeled.
4. Right click on any data point and choose add trendline from the menu.
5. Select linear and check the boxes for display equation and show R2
(if you have Excel 2003 you will have to click on the options tab to see the last two check boxes).
6. Based on your equation from step 5, state the slope. Explain in a complete sentence what the slope
means in context of the problem. ( I need a specific answer.)

7. In the cell, C3 type the equation from step 5.
8. Type the equation in Excel format in cell C4 so that Excel calculates the number of Calories burned
per minute by a 100 lb person. Drag this formula to cell C9.
9. Compare the actual Calories burned in column B to the predicted calories burned in column C. How
accurate do you think your model is? ( I need a specific answer.)

@Please, show your all works and upload an Excel sheet.

Thanks.

Homework Answers

Answer #1

Excel sheet: Values

Weight Calories y=0.027x-0.017 Error
100 2.7 2.683 0.017
120 3.2 3.223 -0.023
150 4 4.033 -0.033
170 4.6 4.573 0.027
200 5.4 5.383 0.017
220 5.9 5.923 -0.023

Formulae sheet

Weight Calories y=0.027x-0.017 Error
100 2.7 =0.027*A4-0.017 =B4-C4
120 3.2 =0.027*A5-0.017 =B5-C5
150 4 =0.027*A6-0.017 =B6-C6
170 4.6 =0.027*A7-0.017 =B7-C7
200 5.4 =0.027*A8-0.017 =B8-C8
220 5.9 =0.027*A9-0.017 =B9-C9

Since R2=0.9996=99%, we can say that model is 99% accurate.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use a spreadsheet program – preferably Microsoft Excel, but you may use any program you like...
Use a spreadsheet program – preferably Microsoft Excel, but you may use any program you like – to illustrate diagrammatically your answers to the preceding question. (You should produce a graph that features (a) an average total cost (ATC) curve; (b) a marginal cost (MC) curve; and (c) a line representing the hypothetical price of $9 per ride. The graph should be labeled appropriately, have a reasonable scale on the vertical (cost) axis and horizontal (quantity) axis. When you have...
Hooke’s Law Hooke's Law For this lab you need to plot a graph of Force( y...
Hooke’s Law Hooke's Law For this lab you need to plot a graph of Force( y axis) versus elongation (x axis) for a spring. The graph of force vs elongation for spring should be a straight line (Hooke's law). From the slope determine the elastic constant, k. If you are not using Excel, draw your graphs by hand, scan or take a picture and insert the graph in the lab report. Your graph should have a title, and the axis...
Practice using EXCEL – Part of your Orientation Assignment to prepare for class on the first...
Practice using EXCEL – Part of your Orientation Assignment to prepare for class on the first day. Step by Step instructions on completing PR1-5B. BEFORE STARTING TO WORK THE PROBLEM YOU NEED TO WRITE ALL BALANCE FORMULAS. To do so do the following in order. Click on Cell D39. In D39 you will write a formula to add rows D37 and D38. To do so do the following: a)    Start in Cell D39 and press = sign b)    Highlight cell...
The data is for weekly sales in the dry goods department at the Methuen Wal*Mart store...
The data is for weekly sales in the dry goods department at the Methuen Wal*Mart store in fiscal 2002-2003. Peak values, i.e. spikes, usually occur at holiday periods. Week 1 is the first week of February 2002. Dollar values are adjusted in order to disguise true sales figures, but trends in the data are retained for analysis purposes. Week(x) Sales in $(y) Week(x) Sales in $(y) 26 15200 52 22400 27 15600 53 20900 28 16400 54 18800 29 15600...
Read Chapter 4 in eText and view all resource material. 1. Simple linear regression looks at...
Read Chapter 4 in eText and view all resource material. 1. Simple linear regression looks at the relationship between an independent and a dependent variable. Give a real-world example of two variables that have this special relationship. 2. Complete the following assignment: See attached Excel file that displays the relationship between the annual revenue in millions (x variable) and the current value in millions (y variable) of 30 professional basketball teams.   Press SCATTERPLOT tab on bottom ribbon to see the...
*******NOTE: I must be able to attach an **EXCEL** document with cell data to the assignment...
*******NOTE: I must be able to attach an **EXCEL** document with cell data to the assignment submission. More important than the answer is the step by step process on how to get these functions to work properly in **EXCEL**. Thank you!****** Using the given data set, please forecast future sales data using each method. Then, determine which method you prefer and why. GAP Data set: $M Year Quarter Period GAP 2012 Q1 1 $ 3,487 2012 Q2 2 $ 3,575...
Problem Set 4 If you insulate your office for $10,000, you will save $1,000 a year...
Problem Set 4 If you insulate your office for $10,000, you will save $1,000 a year in heating expenses. These savings will last forever. What is the NPV of this investment when the cost of capital is 8%? 10%? What is the IRR? A project costs $5,000 at t = 0 and will generate annual cash flows of $750 for 10 years, starting at t = 1. The discount rate is 6%. What is the NPV? What is the IRR?...
Many forecasting models use parameters that are estimated using nonlinear optimization. For instance, the basic exponential...
Many forecasting models use parameters that are estimated using nonlinear optimization. For instance, the basic exponential smoothing model for forecasting sales is      ŷ(t + 1) = αyt + (1 - α) ŷt      where      ŷt + 1 = forecast of sales for period t + 1      yt = actual sales for period t      ŷt = forecast of sales for period t      α = smoothing constant, 0 ≤ α ≤ 1 Click on the datafile logo to reference the data. This model...