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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Using the following table, I'm not sure how to answer these questions:

a) Find the estimated regression equation of price on the percentage of space containing ads.

y^ = +(  )x

b) Predict the price of a magazine with 47% of is space containing ads. rounding to 3 decimal places

c) Estimate the price of a magazine with 98% of its space containing ads. Runded to 3 decimal places

 

While browsing through a magazine rack at a bookstore, a statistician decides to examine the relationship between the price of a
magazine and the percentage of the magazine space that contains advertisements. The data are given in the following table.
Percentage
37
43
58
49
70
28
65
32
containing ads
Price ($)
5.50
6.95
4.95
5.75
3.95
8.25
5.50
6.75
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Transcribed Image Text:While browsing through a magazine rack at a bookstore, a statistician decides to examine the relationship between the price of a magazine and the percentage of the magazine space that contains advertisements. The data are given in the following table. Percentage 37 43 58 49 70 28 65 32 containing ads Price ($) 5.50 6.95 4.95 5.75 3.95 8.25 5.50 6.75
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