Student 1 2 3 4 S 6 7 8 9 10 Class mark (Y) 70 100 100 72 74 100 100 80 92 92 Study hours (X) 30 30 30 42 8 21 15 80 50

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Student 1 2 3 4 S 6 7 8 9 10 Class Mark Y 70 100 100 72 74 100 100 80 92 92 Study Hours X 30 30 30 42 8 21 15 80 50 1 (69.3 KiB) Viewed 21 times

Student 1 2 3 4 S 6 7 8 9 10 Class mark (Y) 70 100 100 72 74 100 100 80 92 92 Study hours (X) 30 30 30 42 8 21 15 80 50 Կ QUESTION 1 (18 marks) Based on the information given in the scenario, you are expected to estimate the following quadratic regression: Y = a + b}X+b2x2 + (1) Note: the term X? is the squared of value of the X variable. The data for X? must be computed by the student using the data in Table 1! Based on the information given in the scenario, you are expected to do the following: a) Compute the regression coefficients of a, b, and b2 (12 marks) b) Compute turning point in the regression and interpret the elasticities of the coefficients bi and b2 in the regression (6 marks)