
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Concept explainers
Question

Transcribed Image Text:### Question 3
Use the table to find the following, unit price being your \( x \) and units sold \( y \).
a. **Find linear correlation coefficient.**
| Years of Experience | Salary in 1000$ |
|---------------------|-----------------|
| 2 | 15 |
| 3 | 28 |
| 5 | 42 |
| 13 | 64 |
| 8 | 50 |
| 16 | 90 |
| 11 | 58 |
| 1 | 8 |
| 9 | 54 |
b. **Find the line of best fit.**
c. **How many units will sell if the unit price was 0.85.**
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 nowThis is a popular solution!
Step by stepSolved in 3 steps with 3 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.Similar questions
- I w 6 9 1 12 X 2 3 5 7 10 11 12 15 16 y 62 67 65 86 80 85 88 84 92 ▸ Determine the correlation coefficient for this set of data and define the strength and direction of the correlation.arrow_forwardMake up the dataarrow_forwardA researcher is interested in whether the variation in the size of human beings is proportional throughout each part of the human. To partly answer this question they looked at the correlation between the foot length (in millimeters) and height (in centimeters) of 30 randomly selected adult males. The data is provided below. Use Excel to calculate the correlation coefficient r between the two data sets. Round your answer to two decimal places. Foot length (mm) Height length (cm) 269.1 188.6 245.7 177.5 272.7 166.9 271.8 155.1 273.9 144.3 274.7 133.8 255.7 122.6 276.5 157.4 279.6 145.9 280.1 135.6 281.9 123.5 HelpCopy to ClipboardDownload CSVarrow_forward
- y 6 4 2 0 0 2 4 6 8 x Tell whether the data have a positive correlation, a negative correlation, or approximately no correlation.arrow_forwardLet x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims.arrow_forwardPavnnnarrow_forward
- Need help with part d only? The slope and average is?arrow_forwardWhich correlation represents the weakest linear relationship between x and y? Select one: a. 0.50 b. 0.75 c. -0.89 d. -0.05arrow_forwardWould it be OK to use the line to predict the age of the wife if the husband is 80 years old? Explain your answer.arrow_forward
- Use the table to find the following, unit price being your (x) and units sold (y). a. Find linear correlation coefficient. Years of Experience Salary in 1000$ 2 3. 15 28 42 13 64 50 16 90 11 58 8 54 b. Find the line of best fit. c. How many units will sell if the unit price was 0.85.arrow_forwardAssume the correlation coefficient between advertising dollars spent and sales is .78. How much of the variability in sales is explained by the relationship between sales and advertising dollars? a. 39.16% b. 60.84% c. 78% d. 22%arrow_forwardLet x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

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