Consumer Reports tested different point-and-shoot digital cameras. Based upon factors such as the number of megapixels, weight (), image quality, and ease of use, they developed an overall score for each camera tested. The overall score ranges from to , with higher scores indicating better overall test results. Selecting a camera with many options can be a difficult process, and price is certainly a key issue for most consumers. By spending more, will a consumer really get a superior camera? And, do cameras that have more megapixels, a factor often considered to be a good measure of picture quality, cost more than cameras with fewer megapixels? Table 14.13 shows the brand, average retail price (), number of megapixels, weight (), and the overall score for Canon and Nikon subcompact cameras tested by Consumer Reports (Consumer Reports website, February 7, 2012).Table 14.13Data for Point-and-Shoot Digital Cameras Answer - Part 4 of the question Managerial Report1. Develop numerical summaries of the data.2. Using overall score as the dependent variable, developthree scatter diagrams, one using price as the independentvariable, one using the number of megapixels as theindependent variable, and one using weight as theindependent variable. Which of the three independentvariables appears to be the best predictor of overall score?3. Using simple linear regression, develop an estimatedregression equation that could be used to predict the overallscore given the price of the camera. For this estimatedregression equation, perform an analysis of the residualsand discuss your findings and conclusions.4. Analyze the data using only the observations for theCanon cameras. Discuss the appropriateness of using simplelinear regression and make any recommendations regardingthe prediction of overall score using just the price of thecamera. TABLE 14.13 DATA FOR 28 POINT-AND-SHOOT DIGITAL CAMERASPrice($)Weight(oz.)ObservationBrandMegapixelsScoreCanon33010662Canon20012566Canon3001265CanonCanon2001801012626256.Canon2001261Canon2001460Canon1301060Canon13012595510Canon1101611Canon901455212Canon100105113Canon90124614Nikon2701656515Nikon300166316Nikon200146117Nikon400145918Nikon1201455719Nikon17016562021Nikon150230121456Nikon5522Nikon180125323Nikon130125324Nikon80125225Nikon80145026Nikon100124627Nikon110124528Nikon13014427454.234tn

Name: Consumer Reports tested different point-and-shoot digital cameras. Bas
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: Consumer Reports tested different point-and-shoot digital cameras. Based upon factors such as the number of megapixels, weight (), image quality, and ease of use, they developed an overall score for each camera tested. The overall score ranges from t

Given: The Consumer Reports tested about the different point-and-shoot the digital cameras. The…

Answered: Consumer Reports tested different…

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

See similar textbooks

Related questions

Topic Video

Question

Consumer Reports tested different point-and-shoot digital cameras. Based upon factors such as the number of megapixels, weight (), image quality, and ease of use, they developed an overall score for each camera tested. The overall score ranges from to , with higher scores indicating better overall test results. Selecting a camera with many options can be a difficult process, and price is certainly a key issue for most consumers. By spending more, will a consumer really get a superior camera? And, do cameras that have more megapixels, a factor often considered to be a good measure of picture quality, cost more than cameras with fewer megapixels? Table 14.13 shows the brand, average retail price (), number of megapixels, weight (), and the overall score for Canon and Nikon subcompact cameras tested by Consumer Reports (Consumer Reports website, February 7, 2012).

Table 14.13Data for Point-and-Shoot Digital Cameras

Answer - Part 4 of the question

Managerial Report
1. Develop numerical summaries of the data.
2. Using overall score as the dependent variable, develop
three scatter diagrams, one using price as the independent
variable, one using the number of megapixels as the
independent variable, and one using weight as the
independent variable. Which of the three independent
variables appears to be the best predictor of overall score?
3. Using simple linear regression, develop an estimated
regression equation that could be used to predict the overall
score given the price of the camera. For this estimated
regression equation, perform an analysis of the residuals
and discuss your findings and conclusions.
4. Analyze the data using only the observations for the
Canon cameras. Discuss the appropriateness of using simple
linear regression and make any recommendations regarding
the prediction of overall score using just the price of the
camera.

Transcribed Image Text:TABLE 14.13 DATA FOR 28 POINT-AND-SHOOT DIGITAL CAMERAS Price ($) Weight (oz.) Observation Brand Megapixels Score Canon 330 10 66 2 Canon 200 12 5 66 Canon 300 12 65 Canon Canon 200 180 10 12 62 62 5 6. Canon 200 12 61 Canon 200 14 60 Canon 130 10 60 Canon 130 12 59 55 10 Canon 110 16 11 Canon 90 14 5 52 12 Canon 100 10 51 13 Canon 90 12 46 14 Nikon 270 16 5 65 15 Nikon 300 16 63 16 Nikon 200 14 61 17 Nikon 400 14 59 18 Nikon 120 14 5 57 19 Nikon 170 16 56 20 21 Nikon 150 230 12 14 56 Nikon 55 22 Nikon 180 12 53 23 Nikon 130 12 53 24 Nikon 80 12 52 25 Nikon 80 14 50 26 Nikon 100 12 46 27 Nikon 110 12 45 28 Nikon 130 14 42 7454 .234tn

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 10 steps with 7 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Hypothesis Tests and Confidence Intervals for Means$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions