A linear regression model for the revenue data for a company is R = 25.8t +206 where R is total annual revenue and t is time since 1/31/02 in years.12 months ending | 12 months ending | 12 months ending1/31/021/31/0312 months ending1/31/0527812 months ending1/31/0631220323851496175Billions ofDollarsRevenueGross Profit(A) Draw a scatter plot of the data and a graph of the model on the same axes.O A.O B.500+200of010Time since 1/31/02 (years)Q1/31/0425557✔500-T0-010Time since 1/31/02 (years)Q(…)O C.Q500+ALA010Time since 1/31/02 (years)0-O D.500-0¿Inte010Time since 1/31/02 (years)Q

We use the given data and given regression model to draw the scatter plot along with graph of the…

Answered: A linear regression model for the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The table describes weekly usage of an appliance is proportional to its Maintenance expense, is that correct? Use regression model to discuss your answer.
Using the regression to model annual income, a variable for years of education has a slope = 2000. This means that the model predicts each additional year of education will yield an extra 2,000 for the average person's salary, regardless of how many total years of education a person has. A. True B. False
Answer d,e and f
The data show the bug chirps per minute at different temperatures. Find the regression equation, letting the first variable be the independent (x) variable, Find the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute. Use a significance level of 0.05. What is wrong with this predicted value? 1220 1075 986 88 5 843 821 849 697 758 1170 867 939 D Chirps in 1 min Temperature ("F) What is the regression equation? (Round the x-coefficient to four decimal places as needed. Round the constant to two decimal places as needed.) What is the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute? The best predicted temperature when a bug is chirping at 3000 chirps per minute is F (Round to one decimal place as needed.) What is wrong with this predicted value? Choose the correct answer below O A. The first variable should have been the dependent variable O B. It is unrealistically high. The value 3000 is…
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
A grocery store manager did a study to look at the relationship between the amount of time (in minutes) customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below. Time 10 8 6 13 19 18 27 10 7 Money 58 25 41 51 84 81 87 45 15 1. The equation of the linear regression line is: ˆyy^ = ______ +_____ xx (Please show your answers to two decimal places)
The data show the bug chirps per minute at different temperatures. Find the regression equation, letting the first variable be the independent (x) variable. Find the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute. Use a significance level of 0.05. What is wrong with this predicted value? Chirps in 1 min 924 1150 840 1166 1087 930 Temperature (°F) 77.5 84.6 74.1 91 79.6 79.7 What is the regression equation? What is the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute? What is wrong with this predicted value? Choose the correct answer below. A. It is unrealistically high. The value 3000 is far outside of the range of observed values. B. The first variable should have been the dependent variable. C. It is only an approximation. An unrounded value would be considered accurate. D. Nothing is wrong with this value. It can be…
An economist at Nedbank ran a study of the relationship between FTSE/JSE All Shares index return (JALSH) and consumer price index (CPI) from 2006 to 2017, the data collected is shown in the Table 1 below. FTSE/JSE All Shares index return (JALSH) and consumer price index (CPI) from 2006 to 2017. Year JALSH (Y) CPI (X) 2006 0.41 4.7 2007 0.19 7.1 2008 -0.23 11.5 2009 0.32 7.1 2010 0.19 4.3 2011 0.03 5.0 2012 0.27 5.6 2013 0.21 5.7 2014 0.11 6.1 2015 0.05 4.6 2016 0.00 6.4 2017 0.21 5.3 The estimated regression…

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