Homework Help is Here – Start Your Trial Now!
Math
Statistics
A statistics student wanted to determine if the distance to a destination was related to the price an airline would charge to fly to that destination. The student did a regression of airfare, y, on distance, x, and obtained the printou shown below from a statistical software package. Predictor Coef Constant 83.02 Distance 0.117 SE Coef 49.29 0.028 Oŷ= 0.117 + 83.02x Oy=83.02 +0.117x Oŷ= 49.29 + 83.02x Oŷ= 0.028+ 0.117x Oŷ=83.02 + 25.25x t-ratio 1.689 4.179 S = 25.25 R-Sq = 63.2% R-Sq (Adj) Which of the following is the correct equation of the least-squares line? Р 0.046 0.000 = 64.7%

A statistics student wanted to determine if the distance to a destination was related to the price an airline would charge to fly to that destination. The student did a regression of airfare, y, on distance, x, and obtained the printou shown below from a statistical software package. Predictor Coef Constant 83.02 Distance 0.117 SE Coef 49.29 0.028 Oŷ= 0.117 + 83.02x Oy=83.02 +0.117x Oŷ= 49.29 + 83.02x Oŷ= 0.028+ 0.117x Oŷ=83.02 + 25.25x t-ratio 1.689 4.179 S = 25.25 R-Sq = 63.2% R-Sq (Adj) Which of the following is the correct equation of the least-squares line? Р 0.046 0.000 = 64.7%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 4SGR
See similar textbooks
icon
Related questions
Question
A statistics student wanted to determine if the distance to a destination was related to the price an airline would charge to fly to that destination. The student did a regression of airfare, y, on distance, x, and obtained the printout shown below from a statistical software package. Predictor Coef Constant 83.02 Distance 0.117 Oŷ= 0.117+83.02x Oy=83.02 +0.117x Oy= 49.29 + 83.02x Oŷ= 0.028 + 0.117x Oy=83.02 + 25.25x 1 SE Coef 49.29 0.028 S = 25.25 R-Sq = 63.2 % Which of the following is the correct equation of the least-squares line? Mark this and return t-ratio 1.689 4.179 R-Sq (Adj) = 64.7% Save and Exit р 0.046 0.000 di I tv Next AM Submit Aa
Transcribed Image Text:A statistics student wanted to determine if the distance to a destination was related to the price an airline would charge to fly to that destination. The student did a regression of airfare, y, on distance, x, and obtained the printout shown below from a statistical software package. Predictor Coef Constant 83.02 Distance 0.117 Oŷ= 0.117+83.02x Oy=83.02 +0.117x Oy= 49.29 + 83.02x Oŷ= 0.028 + 0.117x Oy=83.02 + 25.25x 1 SE Coef 49.29 0.028 S = 25.25 R-Sq = 63.2 % Which of the following is the correct equation of the least-squares line? Mark this and return t-ratio 1.689 4.179 R-Sq (Adj) = 64.7% Save and Exit р 0.046 0.000 di I tv Next AM Submit Aa
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
SEE MORE TEXTBOOKS