A car lot wants to predict the # of car accessories they need to sell monthly based on the number of cars sold. The car lot ownerrandomly selects 12 months of data. The simple linear regression equation is ý = 14 - 2x. The coefficient of determination is0.6364. What is the correlation coefficient to describe the relationship between these two variables?Multiple Choice

The coefficient of determination is 0.6364.

Answered: A car lot wants to predict the # of car…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0.5 1 2.5 3 4 5 5.5 Overall Grades 98 95 90 79 75 69 66 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Step 3 of 6: Determine if the statement "Not all points predicted by the linear model fall on the…
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0.5 1.5 2 2.5 3 4 4.5 Overall Grades 97 93 74 73 65 61 60 Table Step 2 of 6 : Find the estimated y-intercept. Round your answer to three decimal
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The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for five randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 2 3 4 5 6 Overall Grades 94 86 79 71 62 Table Step 1 of 6 : Find the estimated slope, y intercept and correlation coefficient Round your answer to three decimal places. Answer
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The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0 1 1.5 2.5 4 5.5 6 Overall Grades 98 86 85 83 80 78 67 Table Step 1 of 6: Find the estimated slope, y intercept, correlation cofficient Round your answers to three decimal places.

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