A liquor wholesaler is interested in assessing the effect of the price of a premium scotch whiskey on the quantity sold.The results in the accompanying table on price, in dollars, and sales, in cases, were obtained from a sample of 8 weeksof sales records.19.220.8PriceSales25.111.4a. Estimate by least squares the linear regression of increase in sales on increase in price.b. Find a 95% confidence interval for the slope of the population regression line.Click to view the table of critical values of the Student's t distribution.a.y₁ +20.314.3=19.818.5X₁(Round to three decimal places as needed.)21.311.319.815.517.729.717.135.4

The question is about regression Given : To find : a ) Reg. eq. b ) 95 % CI for slope

Answered: A liquor wholesaler is interested in…

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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Explain using evidence from graph a and graph b which graph indicates that the model for the data is a good fit .
Use the given data to find the equation of the regression line. Examine the scatterplot and identify a characteristic of the data that is ignored by the regression line. 11 8 11 13 6 13 6 y 7.24 6.87 12.78 6.87 7.75 8.85 6.28 5.61 8.28 6.72 5.52 Create a scatterplot of the data. Choose the correct graph below. VA. OB. OC. OD. 25- Ay 25- 25- 25- 20- 20 20- 20 15 155 155 155 10- 10- 10 10- 5- 5- 5 55 0- 05 10 15 20 25 0- O 5 10 15 20 25 04 05 10 15 20 25 0- 05 10 15 20 25 Find the equation of the regression line. (Round the constant two decimal places as needed. Round the coefficient to three decimal places as needed.)
Personal wealth tends to increase with age as older individuals have had more opportunitiesto earn and invest than younger individuals. The following data were obtained from a randomsample of eight individuals and records their total wealth (Y) and their current age (X). See attachment for table with figures State the estimated regression line and interpret the slope coefficient.b. What is the estimated total personal wealth when a person is 50 years old?c. What is the value of the coefficient of determination? Interpret it.d. Test whether there is a significant relationship between wealth and age at the 10%significance level. Perform the test using the following six steps.Step 1. Statement of the hypotheses Step 2. Standardised test statistic Step 3. Level of significance Step 4. Decision Rule
The invasive diatom species Didymosphenia geminata has the potential to inflict substantial ecological and economic damage in rivers. An article described an investigation of colonization behavior. One aspect of particular interest was whether y = colony density was related to x = rock surface area. The article contained a scatterplot and summary of a regression analysis. Here is representative data. x 50 71 55 50 33 58 79 26 y 163 1940 59 33 13 16 46 18 69 44 37 70 20 45 49 y 280 49 182 24 54 196 36 (a) Fit the simple linear regression model to this data. (Round your numerical values to three decimal places.) y = Predict colony density when surface area = 70 and calculate the corresponding residual. (Round your answers colony density corresponding residual Predict colony density when surface area = 71 and calculate the corresponding residual. (Round your answers colony density corresponding residual How do the residuals compare? O The residuals for both points are negative. O The…
Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained:The regression equation is ????? = ? + ???????? + ?????? ???? + ???? ????Predictor Coef SE Coef T PConstant 37718 14177 2.66 **Bedrooms 2306 6994 0.33 0.742House Size 74.3 52.98 * 0.164Lot Size -4.36 17.02 -0.26 0.798S= 25023 R-Sq=56.0% R-Sq(adj)=54.6%Source DF SS MS F PRegression 3 76501718347 25500572782 *** ****Residual Error 96 60109046053 626135896Total 99a) Write out the regression equation. b) Fill in the missing values *, **, *** and ****. c) Use the p-value approach to determine if ? is significant at the 5% significance leveld) Is ? significantly different from -0.5? e) Perform the F test at the 1% level, making sure to state the null and alternative hypotheses. f) Give an interpretation to the term “R-sq” and…
A physician wishes to know whether there is a relationship between a father’s weight (in pounds) and his new born sons’ weight (in pounds). The data are given here Fathers Weight 176 145 187 210 196 142 205 215 152 145 Sons Weight 6.6 8.2 9.2 7.1 8.8 9.3 7.1 8.6 7.8 6.0 Develop the regression equation for the sample Predict the sons weight based on the father’s weight of 300, 250 and 400.
Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained: The regression equation is Price = B + ¢Bedroom + yHouse Size + ALot Size Predictor Сoef SE Coef т P Constant 37718 14177 2.66 ** Bedrooms 2306 6994 0.33 0.742 House Size 74.3 52.98 0.164 Lot Size -4.36 17.02 -0.26 0.798 S= 25023 R-Sq=56.0% R-Sq(adj)=54.6% Source DF MS F P Regression 3 76501718347 25500572782 Residual Error 96 60109046053 626135896 Total 99 • Is y significantly different from -0.5? Perform the F test at the 1% level, making sure to state the null and alternative hypotheses. Give an interpretation to the term “R-sq" and comment on its value.
Prev The table below gives the list price and the number of bids received for five randomly selected items sold through online auctions. Using this data, consider the equation of the regression line, y = bo + b₁x, for predicting the number of bids an Item will receive based on the list price. 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. Price in Dollars 28 33 36 42 45 Number of Bids 1 7 8 9 10 Step 3 of 6: Find the estimated value of y when x = 33. Round your answer to three decimal places. Table Copy Data Next
Below are the results of Multiple Regression Analysis. Write down the interpretation of the following tables: R Model R Square .560a .314 Change Statistics F Change df1df2 1 .314 7.210 9 142 a. Predictors: (Constant), Horsepower, Wheelbase, Fuel efficiency, Width, Price in thousands, Fuel capacity, Length, Engine size, Curb weight b. Dependent Variable: Sales in thousands Adjusted R Square Model Summaryb .270 Std. Error of the Estimate 58.895390 R Square Change Sig. F Change .000
5. Explain what the correlation coefficient tells you about the relationship between your variables. 7. Interpret the slope of the regression equation in terms of the variables in your data set.
please answer for what is the p value

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