A linear model was fit to predict weekly Sales of frozen pizza (in pounds)from the average Price (S/unit) charged by a sample of stores in a city in 39weeks over a three-year period. The average Price of the pizza was $3.44(SD = $0.34), and the average Sales were 59,981 pounds (SD = 10,719pounds). If the Price in a particular week was equal to the mean price of$3.44, how much pizza would you predict was sold that week? Answer tothe nearest pound.

The linear model, i.e., the regression line of y (i.e., the weekly sales) on x (i.e., the price of…

Answered: A linear model was fit to predict…

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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An economist conducted a study of the possible association between weekly income and weekly grocery expenditures. The particular interest was whether higher income would result in shoppers spending more on groceries. A random sample of shoppers at a local supermarket was obtained, and a questionnaire was administered asking about the weekly income of the shopper’s family and the grocery bill for that week. The correlation was found to be r=0.675. The percentage (to two decimal places) of variation in grocery bills explained by the family's weekly income regression line is:
We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of sixteen homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Also given is the product of the distance from the beach and the house price for each of the sixteen houses. (These products, written in the column labelled "xy", may aid in calculations.) Distance from the beach, x (in miles) 7.7 18.5 6.3 11.9 11.0 14.6 11.3 3.0 Selling price, y (in thousands of dollars) 290.8 215.0 304.4 269.9 283.2 203.4 212.4 263.2 197.3 272.2 215.1 241.6 312.3 221.5 279.1 236.1 10.9 4.9 12.5 5.8 3.6 5.7 9.4 8.1 Send data to calculator xy 2239.16 3977.5 1917.72 3211.81 3115.2 2969.64 2400.12 789.6 2150.57 1333.78 2688.75 1401.28 1124.28 1262.55…
In industry, the relationship between wages and the quit ratio of employees is defined to be the percentage of employees that quit within 1 year of employment. The quit ratio of a large restaurant chain that paid its employees the minimum hourly wage ($7.25 per hour) was .2 or 20 employees per 100. When the company raised the hourly wage to $8, the quit ratio dropped to .18, or 18 employees per 100. (a) Assuming a linear relationship between the quit ratio Q(x) and the hourly wage x, find an expression for Q(x). (b) What should the hourly wage be for the quit ratio to drop to 10 employees per 100?
Perdisco Limited has shared their annual sales revenue over the last 6 financial years from 2010 to 2015. Year Sales ($ 000) 2010 4500 2011 5100 2012 4900 2013 5400 2014 5670 2015 6000 Using linear trend equation forecast the sales revenue of Perdisco Limited for 2016. Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights: 2013 (0.1), 2014 (0.3) and 2015(0.6). Please answer this question. this is not graded question. this is from book which is provided by my teacher for understanding concepts. Please solve this as i have finding difficulty in solving.
We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of fifteen homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Also given is the product of the distance from the beach and the house price for each of the fifteen houses. (These products, written in the column labelled "xy", may aid in calculations.) Distance from the beach, x (in miles) Selling price, y (in thousands of dollars) xy 5.0 270.1 1350.5 11.5 205.9 2367.85 5.9 309.4 1825.46 12.2 200.6 2447.32 2.6 307.1 798.46 5.9 266.0 1569.4 8.3 297.3 2467.59 18.3 224.2 4102.86 6.5 242.4 1575.6 12.1 192.6 2330.46 11.6 229.4 2661.04 9.5 230.9 2193.55 10.1 277.0 2797.7 13.5 270.8 3655.8 6.2…
From the data given below, using the simple average of price relative comput: (i) Index number for 1998 with 1995 as the base and (ii) Index number for 1995 with 1998 as the base. Comment upon the result, if any. Price Items Unit 1995 1998 6. Rice Dal Ghee kg kg kg 15 20 40 50
Suppose your firm generated $50.0million$⁢50.0⁢million in sales. What would be the 95%95% prediction interval for your firm's net income? Write your answer using interval notation. Round your answer to 1 decimal place.
am. 13.
The toco toucan, the largest member of the toucan family, possesses the largest beak relative to body size of all birds. This exaggerated feature has received various interpretations, such as being a refined adaptation for feeding. However, the large surface area may also be an important mechanism for radiating heat (and hence cooling the bird) as outdoor temperature increases. Presented is the data for beak heat loss, as a percent of total body heat loss from all sources, at various temperatures in degrees Celsius. [Note: The numerical values in this problem have been modified for testing purposes.] Temperature (°C) 1515 1616 1717 1818 1919 2020 2121 2222 2323 2424 2525 2626 2727 2828 2929 3030 Percent heat loss from beak 3232 3636 3636 3333 3535 4747 5757 5151 4242 5353 4646 5252 5959 5959 6363 6262 (a) What is the equation of the least‑squares regression line for predicting beak heat loss, as a percent of total body heat loss from all sources, from temperature? (Use…
From the following data relating to average prices of certain commodities
We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of sixteen homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Distance from the beach, x (in miles) 5.1 6.2 9.5 10.3 10.7 5.3 12.6 13.0 19.4 8.2 5.2 3.8 9.0 11.7 11.5 8.3 Send data to calculator V Selling price, y (in thousands of dollars) 263.5 274.6 238.6 223.7 267.1 306.2 202.5 267.7 217.3 224.7 241.0 312.0 284.6 210.9 185.6 294.2 Send data to Excel thousands of dollars) Selling price 350+ 300+ Figure 1 250 200 150. 0 Distance from the beach (in miles) Español F00 ? D 1 As M

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