10) Using advertised prices for used Ford Escorts a linear model for the relationship between a car'sage and its price is found. The regression has an R2-87.4%. Write a sentence summarizing whatR2says about this regression.A) The age of the car explains 9.35% of the variation in price.B) The price of the car explains 12.6% of the variation in age.C) The age of the car explains 87.4% of the variation in price.D) The price of the car explains 87.4% of the variation in age.E) The age of the car explains 12.6% of the variation in price.Solve. Round to two decimal places if necessary.11) At one college, 68% of students have credit cards. A credit card company, looking for newcustomers, sets up a booth at the college. If they pick students at random, how many studentsshould they expect to talk to before finding one who does not have a credit card?A) 32B) 3.13D) 68C) 0.32E) 1.47

10) Using advertised prices for used Ford Escorts a linear model for the relationship between a…

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The scatterplot below shows the relationship between poverty rate in the 51 states in the US (including DC) and high school graduation rate. The linear for predicting poverty is as follows: poverty = 64.68 -0.62 HS-grad-rate High school graduation rate for North Carolina is 81.4% and the poverty rate is 13.1%. What is the residual for this observation? Choose the closest answer. % in poverty 18 16- 14 12 10 8 6 1.1 O-24.8 24.8 -1.1 80 85 % HS grad 90
KidsFeet Regression Line y-Intercept The KidsFeet dataframe contains data collected on 39 fourth grade students in Ann Arbor, MI, in October 1997. Two of the measurements taken on the children were the length in centimeters, (length), and width in centimeters, (width), of their longest foot. This data could be used to answer the following Research Question: How is the width of a fourth-grade student's foot related to the length? Which of the following is the y-intercept of the regression line? ## ## Simple Linear Regression## ## Correlation coefficient r = 0.6411 ## ## Equation of Regression Line:## ## length = 9.817 + 1.658 * width ## ## Residual Standard Error: s = 1.025 ## R^2 (unadjusted): R^2 = 0.411 ( ) 1.0248 ( ) 1.6576 ( ) 22.8153 ( ) 0.411 ( ) 9.8172 ( )0.6411
6. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the price of albums sold, use your regression to estimate the price of albums sold if 300,000 albums are selling each week and state the coefficient of determination, r², and interpret its meaning in the context of this problem. Weekly sales (in thousands) Price ($) 440 $8 380 250 180 $8.50 $10 $11.50
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The output of a another regression analysis on the effect of radio advertising spending, television advertising spending and online advertising spending on sales is given below. For this study they explored 3 different types of advertising spending (radio, television and online). They modelled it as y = ao + a1¤1+a2x2 + a3X3. The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF s MS F-Value P-Value Regression d freg 23.897.37 MSR F-val p-val Error dferr 552.44 MSE Total 36 Find the F-value in the above table. Give your answer to 3 decimal places.
The estimated regression model is given : Consumption = 49.13 + 0.85 Income + error Consumption is dependent variable ; Income ( weekly) - family Income Let's say a family income earns $ 100 more per week . How to affect the consumption level? Choose one right answer A. For every 100 $ a family earns more per week in this case the consumption will grow on average and expected of 85 $ worth. B. For every 100 $ a family earns more per week in this case the consumption will fall on average and expected of 49.14 $ worth.
5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is $9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this problem. Price ($) Weekly sales (in thousands) $8 440 $8.50 380 $10 $11.50 250 180
How do you figure this out using conjoint analysis in a linear regression? Determine how various attributes impact the purchase of a car. There are four attributes, each with three levels: Brand: Ford = 1, Chrysler = 2, GM = 3 MPG: 15 MPG = 1, 20 MPG = 2, 25 MPG = 3 Horsepower (HP): 100 HP = 1, 150 HP = 2, 200 HP = 3 Price: $18,000 = 1, $21,000 = 2, $24,000 = 3 The nine product profiles ranked in the data file were evaluated by a consumer. (a) For this market segment, rank the product attributes from most important to least important. Below is the data provided. Brand MPG Power Price Rank 1 1 1 1 4 1 2 2 3 7 1 3 3 2 3 2 1 2 2 6 2 2 3 1 2 2 3 1 3 9 3 1 3 3 8 3 2 1 2 5 3 3 2 1 1
Suppose that you are interested in the relationship between Reading and Writing scores. (c) Compute and interpret the R2 value for the relationship between Reading and Writing scores. (d) Interpret the value of the slope in the regression model predicting Reading scores from Writing scores. RDG WRTG 34 44 47 36 42 59 39 41 36 49 50 46 63 65 44 52 47 41 44 50 50 62 44 41 47 40 42 59 42 41 47 41 60 65 39 49 57 54 73 65 47 46 39 44 35 39 39 41 48 49 31 41 52 63 47 54 36 44 47 44 34 46 52 57 42 40 37 44 44 33 71 58 47 46 42 33 42 36 47 41 52 54 52 54 39 39 31 41 60 54 47 31 39 28 42 36 47 57 42 49 36 41 50 33 34 34 55 55 28 46 42 42 44 44 60 52 39 57 36 37 44 44 39 42 39 34 42 39 42 44 52 54 65 65 42 26 47 62 52 62 44 54 52 54 47 44 65 57 63 65 60 59 47 44 65 57 53 61 68 63 55 56 39 53 52 52 65 67 52 44 57 67 63…
$339,380 $41,768 A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c. E Click the icon to view the house sales data a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term. Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation. Sales Price = 108726 + (3.68 ) • Lot Cost + ( - 75063 )• Townhouse (Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed.) b. Determine if an interaction exists between lot cost and type of home and find the best model. Use a = 0.1 as the level of significance. First determine whether an interaction exists. Select the…
Statistics - Regression Analysis
Roller coasters get their speed as a result of dropping down a steep incline. The table below gives height of a drop and the speed achieved for different roller coasters around the world. Drop in Meters (m 25 30 28 58 55 40 90 100 Speed of the coaster (k.p.h) 80 90 78 93 90 93 105 128 Have your calculator find the linear regression for the roller coaster data above. Write the linear model, clearly define the variables and state correlation coefficient and clearly interpret the slope. Use the model to find the drop height that will result in a coaster speed of 150 kph. Have your calculator find the exponential regression for this data. Write the exponential model, clearly define the variables and state correlation coefficient. Use the model to find the drop height that will result in a…

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