Find the value ofthe line ar correlation coefficient r Find the critical values ofr from table A-6 using x= 0.05 Determine whether there is sufficient evidence to support a claim of a linear correlation Between the two variables.

MATLAB: An Introduction with Applications
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a) Find the value of the line ar correlation coefficient r
b) Find the critical values ofr from table A-6 using x= 0.05
c) Determine whether there is sufficient evidence to support a claim of a linear correlation
Between the two variables.
d) Find the regression equation,
e) Letting the first variable be the predictor (x) variable, find the indicated predicted value.
Transcribed Image Text:a) Find the value of the line ar correlation coefficient r b) Find the critical values ofr from table A-6 using x= 0.05 c) Determine whether there is sufficient evidence to support a claim of a linear correlation Between the two variables. d) Find the regression equation, e) Letting the first variable be the predictor (x) variable, find the indicated predicted value.
Q3. Diamond Prices
Weight
Price
0.3
0.4
0.5
0.5
1.0
0.7
510
1151
1343
1410
5669
2277
Find the best predicted price for this diamond with a weight of 1.50 carats. Is the result elose to
the actual price of $16,097? What is wrong with predicting the price of a 1.50-carat diamond?
Transcribed Image Text:Q3. Diamond Prices Weight Price 0.3 0.4 0.5 0.5 1.0 0.7 510 1151 1343 1410 5669 2277 Find the best predicted price for this diamond with a weight of 1.50 carats. Is the result elose to the actual price of $16,097? What is wrong with predicting the price of a 1.50-carat diamond?
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