4-13 Students in a management science class have just received their grades on the first test. The instructor hasprovided information about the first test grades in some previous classes, as well as the final averages for the samestudents. Some of these grades have been sampled and are as follows:STUDENT123456781st test grade987788809661669569Final average937884738464649576a. Develop a regression model that could be used to predict the final average in the course based on the firsttest grade.b. Predict the final average of a student who made an 83 on the first test.c. Give the values of r and r2 for this model. Interpret the value of r² in the context of this problem.

Final average is the dependent variable here. So, y = final average1st test grade is the independent…

Answered: a. Develop a regression model that…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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