Homework Help is Here – Start Your Trial Now!
Math
Statistics
Suppose you wish to see if there is a relationship between the price (units-$1000) and the rating (units-10 points) of laptop computers tested by Consumer Reports. A regression analysis on 14 computers revealed Ex; = 18.20, Ex2 = 26.76, Zy=111.30, Zy2 = 894.19, and Exy = 149.60. What is the interpretation of B1? Oa. None of the answers is correct b. For an increase of $1000 in price, the mean Consumer Report rating increases by 15.8387 points. OC. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $158.3871. Od. For an increase of $1000 in price, the mean Consumer Report rating increases by 1.5839 points. Oe. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $524.8530. QUESTIONE ck Save and Submit to save and submit. Click Save All Answers to save all answers. Dro

Suppose you wish to see if there is a relationship between the price (units-$1000) and the rating (units-10 points) of laptop computers tested by Consumer Reports. A regression analysis on 14 computers revealed Ex; = 18.20, Ex2 = 26.76, Zy=111.30, Zy2 = 894.19, and Exy = 149.60. What is the interpretation of B1? Oa. None of the answers is correct b. For an increase of $1000 in price, the mean Consumer Report rating increases by 15.8387 points. OC. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $158.3871. Od. For an increase of $1000 in price, the mean Consumer Report rating increases by 1.5839 points. Oe. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $524.8530. QUESTIONE ck Save and Submit to save and submit. Click Save All Answers to save all answers. Dro

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 22PFA
See similar textbooks
icon
Related questions
Question
QUESTION 5 Suppose you wish to see if there is a relationship between the price (units=$1000) and the rating (units-10 points) of laptop computers tested by Consumer Reports. A regression analysis on 14 computers revealed Ex₁ = 18.20, Ex² = 26.76, Eyi = 111.30, Ey2 = 894.19, and Exiyi = 149.60. What is the interpretation of B₁? Oa. None of the answers is correct b. For an increase of $1000 in price, the mean Consumer Report rating increases by 15.8387 points. OC. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $158.3871. Od. For an increase of $1000 in price, the mean Consumer Report rating increases by 1.5839 points. Oe. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $524.8530. QUESTION C ck Save and Submit to save and submit. Click Save All Answers to save all answers. F1 F2 20 F3 $ 000 000 F4 % S F5 MacBook Pro A 6 F6 & F7 DII * FB ∞
Transcribed Image Text:QUESTION 5 Suppose you wish to see if there is a relationship between the price (units=$1000) and the rating (units-10 points) of laptop computers tested by Consumer Reports. A regression analysis on 14 computers revealed Ex₁ = 18.20, Ex² = 26.76, Eyi = 111.30, Ey2 = 894.19, and Exiyi = 149.60. What is the interpretation of B₁? Oa. None of the answers is correct b. For an increase of $1000 in price, the mean Consumer Report rating increases by 15.8387 points. OC. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $158.3871. Od. For an increase of $1000 in price, the mean Consumer Report rating increases by 1.5839 points. Oe. For an increase of 10 points in the Consumer Report rating, the mean price of a laptop increases by $524.8530. QUESTION C ck Save and Submit to save and submit. Click Save All Answers to save all answers. F1 F2 20 F3 $ 000 000 F4 % S F5 MacBook Pro A 6 F6 & F7 DII * FB ∞
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
SEE MORE TEXTBOOKS