c. Develop the estimated regression equation that can be used to predict the price given the weight. Also report the standard error of the estimate, R-sq, and R-sq adj. The regression equation is (to 1 decimal) Price (pred) Weight = We $= R-Sq= R-Sq (adj) : = (to 4 decimals) (to 4 decimals) (to 4 decimals) d. Test for the significance of the relationship at the .05 level of significance. P-value is (to 4 decimals). that the two variables are related. e. Did the estimated regression equation provide a good fit? R-sq is (to 4 decimals).
c. Develop the estimated regression equation that can be used to predict the price given the weight. Also report the standard error of the estimate, R-sq, and R-sq adj. The regression equation is (to 1 decimal) Price (pred) Weight = We $= R-Sq= R-Sq (adj) : = (to 4 decimals) (to 4 decimals) (to 4 decimals) d. Test for the significance of the relationship at the .05 level of significance. P-value is (to 4 decimals). that the two variables are related. e. Did the estimated regression equation provide a good fit? R-sq is (to 4 decimals).
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.6: Permutations
Problem 4E
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Question
Please Solve In 20mins
Transcribed Image Text:Weight (oz)
64
64
64
64
58
47
49
59
66
58
58
52
52
63
62
54
63
63
Price ($)
242;
272;
194
194
305
693:
890;
335
198
297
296
482:
489:
360;
364
562
245!
273:
Transcribed Image Text:c. Develop the estimated regression equation that can be used to predict the price given the weight. Also report the standard error of the estimate,
R-sq, and R-sq adj.
The regression equation is (to 1 decimal)
Price (pred) =
Weight
8 =
R-Sq=
R-Sq (adj) =
We
(to 4 decimals)
(to 4 decimals)
(to 4 decimals)
d. Test for the significance of the relationship at the .05 level of significance.
P-value is
(to 4 decimals).
✓that the two variables are related.
e. Did the estimated regression equation provide a good fit?
R-sq is
(to 4 decimals).
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