Calculate the least squares estimate of the slope. (Round your answer to 3 decimal places.)
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- The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t= Years since 2006 0 1 2 3 4 5 6 7 8 9 10 K= Price 56 51 50 55 58 52 45 43 44 48 51 Make a quartic model of these data. Round the regression parameters to two decimal places.It is believed that the annual repair cost for the sporty automobile Jeep is related to its age. A sample of 11 automobiles revealed the results in the table at the right. Car age (xi) 2 3 1 7 5 8 1 2 6 9 4 Repair cost (yi) in £ 72 99 65 138 67 140 83 101 170 121 114 Define the terms regression and correlation analysis . From the simple linear model ,y= a + bx ,determine parameters a and bThe monthly premium quoted by an insurance company for a critical illness policy was collected from a sample of 6 adult male smokers at different age. The data for the sample are shown: Age 28 25 50 39 47 31 Premium ($) 75 40 175 125 250 105 Using Age to predict premium, the Linear Regression equation is given by: ŷ =6.556X−112 and r2=0.813y^=6.556X−112 and r2=0.813 a. Identify the independent and Dependent variables. Dependent: Age Premium Independent: Age Premium b. Determine the slope. Slope = Slope = Round to 3 decimal places c. Determine |r||r| . |r|=|r|= Round to 3 decimal places d. Interpret rr : and e. Determine critical r value at 5% significance level and determine if there is a significant linear correlation exists. |r| critical=|r| critical= Round to 3 decimal places Linear Correlation:Linear Correlation: Significant Not Significant f. Predict the monthly premium for a 40 years old adult male smoker.…
- The table contains data on vehicle speed (h) and fuel consumption (lt / 100km) of 5 randomly selected vehicles. Estimate the average fuel consumption of a vehicle traveling at 45 km / h using the simple linear regression equation between vehicle speed and fuel consumption. Speed 55 60 65 70 75 Consumption 11 10 9 8 7 Please choose one: a. 6 b. 5 c. 13 D. 8An auto manufacturing company wanted to investigate how the price of one of its car models depreciates with age. The research department at the company took a sample of eight cars of this model and collected the following information on the ages (in years) and prices (in hundreds of dollars) of these cars. Age 8 8 5 2 6 5 2 2 Price 38 19 53 70 40 51 80 80 1.) Find the least squares regression line equation in the form ^ = a+bx. y Use "Age" as the independent variable and "Price" as the dependent variable. 2.) Predict the price of a 5 year old car of this model. ypred=It is believed that the annual repair cost for the sporty automobile Jeep is related to its age. A sample of 11 automobiles revealed the results in the table at the right. Car age (xi) 2 3 1 7 5 8 1 2 6 9 4 Repair cost (yi) in £ 72 99 65 138 67 140 83 101 170 121 114 Define the terms regression and correlation analysis From the simple linear model , determine parameters and , with an interpretation of your linear model What would be the cost of repairing car that has been in use for 13 years
- The table contains data on vehicle speed (h) and fuel consumption (lt / 100km) of 5 randomly selected vehicles. Estimate the average fuel consumption of a vehicle traveling at 45 km / h using the simple linear regression equation between vehicle speed and fuel consumption. Speed 55 60 65 70 75 Consumption 13 12 11 10 9 a. 15 b. 8 c. 7 d. 20A sixth-grade teacher believes that there is a relationship between his students’ IQscores (y) and the numbers of hours (x) they spend watching television each week. Thefollowing table shows a random sample of 7 sixth-grade students.y 125 116 97 114 85 107 105x 5 10 30 16 41 28 21 Does the data provide sufficient evidence to indicate that the simple linear regressionmodel is appropriate to describe the relationship between x and y? Perform a model utilitytest at α = 0.05. (Give H0, Ha, rejection region, observed test statistic, P-value, decisionand conclusion.)Find the Pearson sample correlation coefficient between x and y. Then interpretthe result.King & Scott, a research firm for the real estate industry, studied the relation between x=x= annual income (in thousands of dollars) and y=y= sale price of house purchased (in thousands of dollars). A random sample of data was collected from mortgage applications for home sales in the region of the study, and is given in the table. Annual Income House Price 72 188 48 91.6 73 182.2 97 155.5 97 238.8 94 203.4 67 160.1 85 212 64 169 Conduct a linear regression. Use the results to answer the following questions. a. What is the value of the correlation coefficient (round to 3 decimal places)? What does the value tell you about the linear relationship between the annual income and the price of house purchased? Correlation coefficient: This indicates: very weak positive linear correlation fairly strong negative linear correlation perfect positive linear correlation very weak negative linear correlation perfect negative linear correlation no linear…
- A random sample of twelve students were chosen, and their midterm test score (y), as- signment score (x1), and missed classes (x2) were recorded as follows: Midterm Score, y Assignment Score, x1 Classes Missed, x2 85 74 76 90 85 87 94 98 81 91 76 74 65 50 55 65 55 70 65 70 55 70 50 55 5 7 5 2 6 3 2 5 4 3 1 4 (i) What is the fitted multiple linear regression equation of the form yˆ = b0 + b1x1 + b2x2? (ii) From part (i) above, estimate the midterm test score grade for a student who has an assignment score of 60 and missed 4 classes.The following data is representative of that reported in an article on nitrogen emissions, with x = burner area liberation rate (MBtu/hr-ft2) and y = NOx emission rate (ppm): x 100 125 125 150 150 200 200 250 250 300 300 350 400 400 y 160 140 190 210 200 320 280 400 440 430 400 600 600 660 (a) Assuming that the simple linear regression model is valid, obtain the least squares estimate of the true regression line. (Round all numerical values to four decimal places.)y = (b) What is the estimate of expected NOx emission rate when burner area liberation rate equals 240? (Round your answer to two decimal places.)ppm(c) Estimate the amount by which you expect NOx emission rate to change when burner area liberation rate is decreased by 60. (Round your answer to two decimal places.)ppm(d) Would you use the estimated regression line to predict emission rate for a liberation rate of 500? Why or why not? Yes, the data is perfectly linear, thus lending to accurate predictions.…The number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings(in millions) are shown in the table. The equation of the regression line is y=47.538x+18,727.65. Complete parts a and b. Issues, x Proceeds, y 423 18,632 460 27,913 687 44,071 485 32,435 500 66,634 389 66,734 57 22,180 65 11,296 188 31,929 163 27,891 (a) Find the coefficient of determination and interpret the result. How can the coefficient of determination be interpreted? (b) Find the standard error of estimate se and interpret the result. How can the standard error of estimate be interpreted?
