Based on the sample data and the regression line, complete the following.(a) For these data, used selling prices that are greater than the mean of the used selling pricestend to be paired with mileages that are (Choose one) ▼ the mean of the mileages.(b) According to the regression equation, for an increase of one thousand miles in Cadet mileage,there is a corresponding decrease of how many thousand dollars in the used selling price? Used selling price(in thousands of dollars)XXThe Cadet is a popular model of sport utility vehicle, known for its relatively high resale value. The bivariate data given below were takenfrom a sample of fifteen Cadets, each bought new two years ago, and each sold used within the past month. For each Cadet in the!sample, we have listed both the mileage x (in thousands of miles) that the Cadet had on its odometer at the time it was sold used andthe price y (in thousands of dollars) at which the Cadet was sold used. The least-squares regression line for these data has equationy = 40.95 – 0.46x. This line is shown in the scatter plot below.Mileage, x(in thousands)Used selling price, y(in thousands of dollars)34.426.224.030.540-23.333.021.031.035 -27.829.9メ26.830.7++3023.231.0X X21.031.82527.324.020.33.615.828.324.120253035401528.5Mileagex(in thousands)29.122.737.726.425.926.327.7Send data to calculator

From the given data and the regression line, it can be clearly observed that there is a negative…

Based on the sample data and the regression line, complete the following. (a) For these data, used selling prices that are greater than the mean of the used selling prices tend to be paired with mileages that are (Choose one) ▼ the mean of the mileages. (b) According to the regression equation, for an increase of one thousand miles in Cadet mileage, there is a corresponding decrease of how many thousand dollars in the used selling price?

Based on the sample data and the regression line, complete the following. (a) For these data, used selling prices that are greater than the mean of the used selling prices tend to be paired with mileages that are (Choose one) ▼ the mean of the mileages. (b) According to the regression equation, for an increase of one thousand miles in Cadet mileage, there is a corresponding decrease of how many thousand dollars in the used selling price?

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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Regression may not be an appropriate tool if a. there are two variables that are measured on an interval or ratio scale. b. multicollinearity is present c. you want to make predictions for one variable based on information about another variable d. the pattern of data points forms a reasonably straight line
what is the answer?
Need help with part d only? The slope and average is?
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