Based on the regression output, if a printer can print 4.8 pages per minute and copies in color, what is the predicted price?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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27) Below is some of the regression output from a regression of the price of a copier (expressed in $'s) based on the speed (pages per minute) and whether it copies in color or not (color=0 if it does NOT copy in color and =1 if it does copy in color) A copier manufacturer is trying to decide how much to charge for their new copier. Based on the regression output, if a printer can print 4.8 pages per minute and copies in color, what is the predicted price? *please round to 2 decimal places*
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.919
R Square
0.845
Adjusted R Square
0.801
Standard Error
35.80
Observations
10
ANOVA
df
SS
MS
F
Significance F
Regression
48879.2
24439.6 19.1
0.0014
Residual
7.
8969.7
1281.4
Total
9.
57848.9
Coefficients
Standard Error
t Stat
P-value Lower 95%
Upper 95%
Intercept
238.3
27.1
8.8
0.0
174.1
302.5
Speed
26.8
8.0
3.3
0.0
7.7
45.5
Color
57.7
28.8
2.0
0.1
-9.3
126.8
Transcribed Image Text:SUMMARY OUTPUT Regression Statistics Multiple R 0.919 R Square 0.845 Adjusted R Square 0.801 Standard Error 35.80 Observations 10 ANOVA df SS MS F Significance F Regression 48879.2 24439.6 19.1 0.0014 Residual 7. 8969.7 1281.4 Total 9. 57848.9 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 238.3 27.1 8.8 0.0 174.1 302.5 Speed 26.8 8.0 3.3 0.0 7.7 45.5 Color 57.7 28.8 2.0 0.1 -9.3 126.8
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