5. You are given the data relating to purchases and sales. Obtain the regression equation by themethod of least squares and estimate the likely sales when the purchases equal 100.Also calculate the coefficient of determination. Do you recommend the model for the purposeof prediction? Give reason.Purchases:62729876815676928849Sales:112124131117132961201369785

Given data, X Y X*Y X*X Y*Y 62 112 6944 3844 12544 72 124 8928 5184 15376 98 131 12838 9604…

Answered: .You are given the data relating to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

6. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the price of albums sold, use your regression to estimate the price of albums sold if 300,000 albums are selling each week and state the coefficient of determination, r², and interpret its meaning in the context of this problem. Weekly sales (in thousands) Price ($) 440 $8 380 250 180 $8.50 $10 $11.50
A least squares regression model performed to predict the selling price of houses found the following equation: Pricê = 169.328+35.3Area + 0.718Lotsize - 6543Age where Price is in dollars, Area is in square feet, Lotsize is in square feet, and Age is in years. The R2 is 0.92. One of the following interpretations is correct. Which is it? Explain why. a.) Each year a house Ages, it is worth $6543 less. b.) Every extra square foot of Area is associated with an additional $35.30 in average price, for houses with a given Lotsize and Age. c.) Every dollar in price means Lotsize increases 0.718 square feet. d.) This model fits 92% of the data points exactly.
Using least square method, find the regression line model. Interprete your result. Calculate the coefficient of correlation and explain. Calculate the coefficient of determination and explain your answer.
The output of a another regression analysis on the effect of radio advertising spending, television advertising spending and online advertising spending on sales is given below. For this study they explored 3 different types of advertising spending (radio, television and online). They modelled it as y = ao + a1¤1+a2x2 + a3X3. The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF s MS F-Value P-Value Regression d freg 23.897.37 MSR F-val p-val Error dferr 552.44 MSE Total 36 Find the F-value in the above table. Give your answer to 3 decimal places.
5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is $9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this problem. Price ($) Weekly sales (in thousands) $8 440 $8.50 380 $10 $11.50 250 180
How do you figure this out using conjoint analysis in a linear regression? Determine how various attributes impact the purchase of a car. There are four attributes, each with three levels: Brand: Ford = 1, Chrysler = 2, GM = 3 MPG: 15 MPG = 1, 20 MPG = 2, 25 MPG = 3 Horsepower (HP): 100 HP = 1, 150 HP = 2, 200 HP = 3 Price: $18,000 = 1, $21,000 = 2, $24,000 = 3 The nine product profiles ranked in the data file were evaluated by a consumer. (a) For this market segment, rank the product attributes from most important to least important. Below is the data provided. Brand MPG Power Price Rank 1 1 1 1 4 1 2 2 3 7 1 3 3 2 3 2 1 2 2 6 2 2 3 1 2 2 3 1 3 9 3 1 3 3 8 3 2 1 2 5 3 3 2 1 1
The table describes the height of a weather balloon, in meters, minutes after its launch. Time (minutes) Height (meters) 0 60 1 68.2 2 74.3 3 80.9 4 89.7 8 128.5 Select which equation best models the data. O O O O y = 8.52 +58 y = 8.2x + 60 y = 11.4x +57 y = 11.8x + 54
Part and b. Thank you!
Needed urgently please
Use the following information to answer the question. The following linear regression model can be used to predict ticket sales at a popular water park. Ticket sales per hour = -631.25 + 11.25(current temperature in °F) What is the predicted number of tickets sold per hour if the temperature is 86°F? Round to the nearest whole ticket. O About 336 tickets O About 252 tickets O About 276 tickets About 301 tickets
Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed actress/actor ages in various years, find the best predicted age of the Best Actor winner given that the age of the Best Actress winner that year is 31 years. Is the result within 5 years of the actual Best Actor winner, whose age was 38 years? Best Actress Best Actor 27 31 29 59 33 42 38 36 43 53 34 47 22 46 55 39 57 45 33 44 28 63 62 49 *** Find the equation of the regression line. ŷ=0+0x (Round the y-intercept to one decimal place as needed. Round the slope to three decimal places as needed.)
Using the data, run a regression where you control for “Promotion,” and test the effect of “Wins” on “Attendance”. Does “Promotion” have a significant effect on “Attendance”? Wins Promotion Attendance 4 29500 36300 6 55700 40100 6 71300 41200 8 87000 53000 6 75000 44000 7 72000 45600 5 55300 39000 7 81600 47500

SEE MORE QUESTIONS

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

SEE MORE TEXTBOOKS