Compute the least-squares regression line for predicting the number of stays from the cost. Round your answers to fourdecimal places. Cost of health care: The following table presents the mean cost of a hospital stay, in $1000, and the number of hospital stays, inmillions, in the United States for each of 10 years.CostNumberCostNumber10.334.217.337.810.634.220.538.711.834.922.339.213.736.424.039.515.037.226.139.5Source: Agency for Healthcare Research and Quality (a) Compute the least-squares regression line for predicting the number of stays from the cost. Round your answers to fourdecimal places.Regression line equation: y =

The least - squares regression line is in the form of straight line equation form and this equation…

Answered: (a) Compute the least-squares…

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

Biologist Theodore Garland, Jr. studied the relationship between running speeds and morphology of 49 species of cursorial mammals (mammals adapted to or specialized for running). One of the relationships he investigated was maximal sprint speed in kilometers per hour and the ratio of metatarsal-to-femur length. A least-squares regression on the data he collected produces the equation ŷ = 37.67 + 33.18x where x is metatarsal-to-femur ratio and y is predicted maximal sprint speed in kilometers per hour. The standard error of the intercept is 5.69 and the standard error of the slope is 7.94. Construct a 96% confidence interval for the slope of the population regression line. Give your answers precise to at least two decimal places. contact us help 6:42 PM povecy polcy terms of use careers A E O 4») 18 -క90.4 58 12/14/2020 a 17 |耳即 delets prt sc insert 112 19 18 + 16 backspace f5 fA
what % of the variation is ( height, or head circumference) explained by the least-squares regression model. (Round to one decimal place as needed.)
year- 2000,2005,2010,2014,2019 tuition-$1242,$1809,$2680,$3356,$5132 what is the equation for the least squares regression line? what will tuitions be for the year 2025? when will tuitions be $6500?
Is It Getting Harder to Win a Hot Dog Eating Contest?Every Fourth of July, Nathan’s Famous in New York City holds a hot dog eating contest. The table below shows the winning number of hot dogs and buns eaten every year from 2002 to 2015, and the data are also available in HotDogs. The figure below shows the scatterplot with the regression line. Year Hot Dogs 2015 62 2014 61 2013 69 2012 68 2011 62 2010 54 2009 68 2008 59 2007 66 2006 54 2005 49 2004 54 2003 45 2002 50 Winning number of hot dogs in the hot dog eating contest Winning number of hot dogs and buns Click here for the dataset associated with this question. (a) Is the trend in the data mostly positive or negative? Positive Negative (b) Using the figure provided, is the residual larger in 2007 or 2008?Choose the answer from the menu in accordance to item (b) of the question statement 20072008 Is the residual positive or…
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.
Compute the least-squares regression line for predicting the 2012 budget from the 2006 budget. Round the slope and y- intercept to at least four decimal places.
In a simple regression, the ordinary least squares estimate of the slope coefficient is expected to be more precise the greater is the variation in the dependent variable and the lesser is the variation in the independent variable. True False
Draw a graph of the least-squares regression line on your scatterplot. (For hand-drawing, round the slope and y-intercept to one decimal place before drawing the line.) Be sure to show how you were able to plot the line starting with its equation. Model City Miles per Gallon Highway Miles per Gallon Acura RLX 20 29 BMW 530i 24 34 Buick LaCrosse eAssist 25 35 Chevrolet Malibu 29 36 Ford Hybrid FWD 43 41 Honda Civic 32 42 Infiniti Q50 Red Sport 20 26 Kia Forte 30 40 Lexus ES 350 22 33 Mercedes Benz AMG S 21 30 Mini Cooper Clubman 24 32 Nissan Maxima 20 30 Suburu Legacy AWD 25 34 Toyota Prius ECO 58 53
The table lists the average tuition and fees at private colleges and universities for selected years. Year 1985 1990 1995 2000 2008 5311 25,115 Tuition and Fees (in dollars) 9375 SO 12,418 (a) Find the equation of the least-squares regression line that models the data. y 840.450 (Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.) (b) Graph the data and the regression line in the same viewing window using the parameters given below the graph choices. Choose the correct graph below. OA. O B. o HE RO OC. 16,230 A o ƠN
We have data from 209 publicly traded companies (circa 2010) indicating sales and compensation information at the firm-level. We are interested in predicting a company's sales based on the CEO's salary. The variable sales; represents firm i's annual sales in millions of dollars. The variable salary; represents the salary of a firm i's CEO in thousands of dollars. We use least-squares to estimate the linear regression sales; = a + ßsalary; + ei and get the following regression results: . regress sales salary Source Model Residual Total sales salary cons SS 337920405 2.3180e+10 2.3518e+10 df 1 207 208 Coef. Std. Err. .9287785 .5346574 5733.917 1002.477 MS 337920405 111980203 113066454 Number of obs F (1, 207) Prob > F R-squared t P>|t| = Adj R-squared = Root MSE 1.74 0.084 5.72 0.000 = = -.1252934 3757.543 = 209 3.02 0.0838 0.0144 0.0096 10582 [95% Conf. Interval] 1.98285 7710.291 This output tells us the regression line equation is sales = 5,733.917 +0.9287785 salary. Interpret the…
You are studying how a penguin's bill length (in mm) explains its body mass (in grams) using linear regression. You choose a non-directional alternative to be safe. Given the information below, choose the formula for the least squares regression line. b₁ = 87.42 bo = 362.31 x = 43.92 y = 4202.0 O Bill Length = 87.42 Body mass + 362.31 O Bill Length = 87.42*4202.0 + 362.31 O 4202.0 = 362.31*43.92 +87.42 O Body mass = 87.42 * Bill Length + 362.31 O Body mass = 362.31 *Bill Length + 87.42 O Body mass = 362.31 43.92 + 87.42
Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to study the relationship between price and demand for the large bottle of Fresh, the company has gathered data concerning demand for Fresh over the last 30 sales periods (each sales period is four weeks). Here, for each sales period, Run the regression Model in Excel. Copy and paste entire output below. Find the least squares point estimates b0 and b1 on the computer output and report their values. Interpret b0 and b1. Write down the regression equation At x=0.3, what is the residual? Find correlation coefficient. Negative or positive association? Find R2. Interpret the result.

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

(a) Compute the least-squares regression line for predicting the number of stays from the cost. Round your answers to four decimal places. Regression line equation: y =|