The manager of a salmon cannery suspects that the demand for her product is closely related to the disposable income of her target region. To test out this hypothesis she collected the following data for five different target regions, where x represents the annual disposable income for a region in millions of dollars and y represents sales volume in thousands of cases. y I 4. 10 1 20 3 3. 40 4. 50 30 1 10 30 40 50 (a) Draw the scatter graph of this set of data. (h) Compute the correlation coefficient r. (c) Find and graph the least square line. 20
The manager of a salmon cannery suspects that the demand for her product is closely related to the disposable income of her target region. To test out this hypothesis she collected the following data for five different target regions, where x represents the annual disposable income for a region in millions of dollars and y represents sales volume in thousands of cases. y I 4. 10 1 20 3 3. 40 4. 50 30 1 10 30 40 50 (a) Draw the scatter graph of this set of data. (h) Compute the correlation coefficient r. (c) Find and graph the least square line. 20
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Topic Video
Question
Can anyone help me with this question
Transcribed Image Text:that contains at least 75% of the scores in
хаm.
9. The manager of a salmon cannery suspects that the demand for her product is closely related to the
disposable income of her target region. To test out this hypothesis she collected the following data for
five different target regions, where x represents the annual disposable income for a region in millions of
dollars and y represents sales volume in thousands of cases.
y
10
1
20
3
40
4.
50
30
1
+
+
► x
10
20
40
(a) Draw the scatter graph of this set of data.
(h) Compute the correlation coefficient r.
(c) Find and graph the least square line.
(d) If a region has disposable annual income $25, 000, 000 what is the predicted sales volume?
50
30
4.
3
2.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 5 images
Knowledge Booster
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.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman