A fire insurance company wants to relate the amount of fire damage in major residential fires to the distance between the residence and the nearest fire station. The study was conducted in a large suburb of a major city; a sample of fifteen recent fires in the suburb was selected. The amount of damage, y (£000), and the distance, x (km), between the fire and the nearest fire station are given in the following table. 3.1 y 26.2 17.8 31.3 23.1 27.5 36.0 14.1 22.3 6.1 3.4 1.8 4.6 2.3 5.5 0.7 3.0 2.6 4.3 2.1 1.1 4.8 3.8 y 19.6 31.3 24.0 17.3 43.2 36.4 26.1 (a) Fit a simple linear regression model to these data. Check if the residual plots give any reason to doubt the usual assumptions of the model. (b) Write a short report giving your conclusions. You do not need to upload the output from R. Include a possible interpretation of the intercept and slope parameters.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A fire insurance company wants to relate the amount of fire damage in major residential
fires to the distance between the residence and the nearest fire station. The study was
conducted in a large suburb of a major city; a sample of fifteen recent fires in the suburb
was selected. The amount of damage, y (£000), and the distance, r (km), between the
fire and the nearest fire station are given in the following table.
3.4
1.8
4.6
2.3
3.1
5.5
0.7
3.0
y 26.2 17.8 31.3 23.1 27.5 36.0
2.1
y 19.6 31.3 24.0 17.3 43.2 36.4 26.1
14.1 22.3
2.6
4.3
1.1
6.1
4.8
3.8
(a) Fit a simple linear regression model to these data. Check if the residual plots give
any reason to doubt the usual assumptions of the model.
(b) Write a short report giving your conclusions. You do not need to upload the output
from R. Include a possible interpretation of the intercept and slope parameters.
Transcribed Image Text:A fire insurance company wants to relate the amount of fire damage in major residential fires to the distance between the residence and the nearest fire station. The study was conducted in a large suburb of a major city; a sample of fifteen recent fires in the suburb was selected. The amount of damage, y (£000), and the distance, r (km), between the fire and the nearest fire station are given in the following table. 3.4 1.8 4.6 2.3 3.1 5.5 0.7 3.0 y 26.2 17.8 31.3 23.1 27.5 36.0 2.1 y 19.6 31.3 24.0 17.3 43.2 36.4 26.1 14.1 22.3 2.6 4.3 1.1 6.1 4.8 3.8 (a) Fit a simple linear regression model to these data. Check if the residual plots give any reason to doubt the usual assumptions of the model. (b) Write a short report giving your conclusions. You do not need to upload the output from R. Include a possible interpretation of the intercept and slope parameters.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman