The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is ŷ = 23.462 + 0.315x, where x = price ($) and y = overall score. Brand Price ($) Score A 180 74 B 150 73 C 95 59 D 70 58 E 70 42 F 35 24 (a) Compute SST, SSR, and SSE. (Round your answers to three decimal places.) SST=SSR=SSE= (b) Compute the coefficient of determination r2. (Round your answer to three decimal places.) r2 = Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line.The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line. The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line.The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line.

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

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Question

The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is

ŷ = 23.462 + 0.315x,

where x = price ($) and y = overall score.

Brand	Price ($)	Score
A	180	74
B	150	73
C	95	59
D	70	58
E	70	42
F	35	24

(a)

Compute SST, SSR, and SSE. (Round your answers to three decimal places.)

SST=SSR=SSE=

(b)

Compute the coefficient of determination

r².

(Round your answer to three decimal places.)

r²

Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)

The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line.The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line. The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line.The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line.

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