A 2012 suvey conducted by Idea Works provided data showing the percentage of seats avail- able when customers try to redeem points or miles for free travel. For each airline listed, the column labeled 2011 Percentage shows the percentage of seats available in 2011 and the column labeled 2012 shows the correponding percentage in 2012 (The Wall street Journal, May 17, 2012). Develop a scatter diagram with 2011 Percentage as the independent variable. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? Develop the estimated regression equation. Test for a significant relationship. Use α = 0.05. Did the estimated regression equation provide a good fit?

A 2012 suvey conducted by Idea Works provided data showing the percentage of seats avail- able when customers try to redeem points or miles for free travel. For each airline listed, the column labeled 2011 Percentage shows the percentage of seats available in 2011 and the column labeled 2012 shows the correponding percentage in 2012 (The Wall street Journal, May 17, 2012). Develop a scatter diagram with 2011 Percentage as the independent variable. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? Develop the estimated regression equation. Test for a significant relationship. Use α = 0.05. Did the estimated regression equation provide a good fit?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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