MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous
month. Gershon has collected the data shown in the following table:
Maroon 5 TV Appearances
3
4
7
8
Demand for Guitars
3
6 7
10 7
This exercise contains only parts b, c, and d.
b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places):
Y = .6757 + 1.0286 x
c) The estimate for guitar sales if Maroon 5 performed on TV 9 times = 9.93 (round your response to two decimal places
d) The correlation coefficient (r) for this model = 0.8230 (round your response to four decimal places).
The coefficient of determination (F) for this model = .677329 (round your response to four decimal places).
The percentage of variation in sales that can be explained by TV appearances = % (round your response to two decimal places).
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Transcribed Image Text:Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table: Maroon 5 TV Appearances 3 4 7 8 Demand for Guitars 3 6 7 10 7 This exercise contains only parts b, c, and d. b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places): Y = .6757 + 1.0286 x c) The estimate for guitar sales if Maroon 5 performed on TV 9 times = 9.93 (round your response to two decimal places d) The correlation coefficient (r) for this model = 0.8230 (round your response to four decimal places). The coefficient of determination (F) for this model = .677329 (round your response to four decimal places). The percentage of variation in sales that can be explained by TV appearances = % (round your response to two decimal places).
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