The manager of catering company is studying the relationship between the number ofstudents' boarding schools and the winning bids of catering prices per student.8.SchoolNumber of StudentsWinning Rid (RM)130012.0035011.80340011.5045011.5050011.0055010.8060010.508.65010.5070010.301075010.20118009.80128509.60(i)(ii)Identify the dependent and independent variables involved in this study.Calculate the Pearson's product moment correlation coefficient to determinewhether there is a linear relationship between the number of students and thewinning bid.(iii) Determine the coefficient of determination and give a comment about its value.(iv)Construct the equation of the regression line of the winning bid against thenumber of students using the least square methodEstimate the winning bid if the number of student is 780.(v) A research was carried out to study the relationship between the inflation rate (%) andunemployment rate (%). The data were summarized as in the table below.7.Inflation Rate0.71.52.42.83.53.54.56.5Unemployment Rate10.54.59.09.56.56.84.05.5(i)(ii) Calculate the product moment coefficient of correlation for the data and commentIdentify the dependent and independent variables involved in this study.on its value.(iii) Calculation the coefficient of determination and give a comment on its value.TUTORIAL CHAPTER 6 (PART A & PART B): LINEAR REGRESSION ANDCORRELATION(iv) Construct a least-squares regression equation of the two variables.(v)Estimate the inflation rate for an unemployment rate of 7.0%.

Name: The manager of catering company is studying the relationship between
Uploaded: 2024-03-05T11:52:21.000Z
Channel: Bartleby
Description: The manager of catering company is studying the relationship between the number ofstudents' boarding schools and the winning bids of catering prices per student.8.SchoolNumber of StudentsWinning Rid (RM)130012.0035011.80340011.5045011.5050011.005501

Since you have asked multiple question, we will solve the first question for you. If you want any…

Math

Statistics

A research was carried out to study the relationship between the inflation rate (%) and unemployment rate (%). The data were summarized as in the table below. 7. Inflation Rate 0.7 1.5 2.4 2.8 3.5 3.5 4.5 6.5 Unemployment Rate 6.5 6.8 5.5 4.5 9.0 9.5 10.5 4.0 (i) Identify the dependent and independent variables involved in this study. (ii) Calculate the product moment coefficient of correlation for the data and comment on its value. (iii) Calculation the coefficient of determination and give a comment on its value.

A research was carried out to study the relationship between the inflation rate (%) and unemployment rate (%). The data were summarized as in the table below. 7. Inflation Rate 0.7 1.5 2.4 2.8 3.5 3.5 4.5 6.5 Unemployment Rate 6.5 6.8 5.5 4.5 9.0 9.5 10.5 4.0 (i) Identify the dependent and independent variables involved in this study. (ii) Calculate the product moment coefficient of correlation for the data and comment on its value. (iii) Calculation the coefficient of determination and give a comment on its value.

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

Related questions

Q: 7.A certain product that costs P 19500 in 2014 has an equivaient model in 2018 that costs P 22,250…

A: Use the following inflation formula, to obtain the solution. F=P1+r100n Where P is the starting…

Q: The data in the table are the annual average mortgage interest rates for conventional, fixed-rate,…

A: The regression is a method of machine learning under subgroup Supervised Learning. The regression…

Q: Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Stock XYZ 3.4 24.9 10.5 30.6 16.0 25.7…

A: Hi! Thank you for the question. As per the honor code, we are allowed to answer three sub-parts at a…

Q: The annual interest rates earned over the last 3 years were 15%, 27% and 1%. Given this information,…

A: The annual interest rates are 0.15, 0.27 and 0.01.

Q: 4) The table shows the mortgage interest rates y at a local bank for the years 2000 through 2008. 1…

A: The regression is a method of machine learning under subgroup Supervised Learning. The regression…

Q: Given the following balance table, determine the balance function, the decay factor and the decay…

A: To determine the balance function, the decay factor, and the decay rate.

Q: The Bank of Canada is interested in studying the relationship between mortgage rates and median home…

A: Given information: Year Interest rate (%) Median home price 1988 10.3 183,800 1989 10.3…

Q: DETAILS WANEFM7 2.R.036. A company lost $29,000 in the fourth quarter of 2009. However, the…

A: Introduction: For finding the losses and profit we have to use the compound interest formula. Given:…

Q: The following table lists several corporate bonds issued during the second quarter of 2015. Company…

Q: The table shows the inflation-adjusted annual income per person in 1990 and 2011 for each listed…

A: According to the given information, the given table shows the increase in annual income per person…

Q: 2. A stock is currently selling for $74 and pays a dividend of $2.75. Dividends are expected to grow…

A: Given:Dividend () Growth rate () Required rate of return () Current selling price:

Q: The following table lists several corporate bonds issued during a particular quarter. Company AT&T…

A: Total interest on bond at time of maturity can be found as I=P·r·t, where P is the initial…

Q: Justin Lieberman must earn a minimum rate of return of 9.25% as compensation for the risk of the…

Q: the inflation rate was about what percent

A: Average Annual consumer price index.To Find:Inflation rate %

Q: Simple PV Interest Days Method FV $3,530,333.00 8.77% 270 Exact O a. $3,762,540.65 O b.…

A: Find your answer below

Q: The price index of metal was 127.9 in June 2000 and 215.3 in June 2020. Compute the nual inflation…

A: Given information: Given that the metal price index values for the years 2000, 2020 and 2025 is…

Q: Given the following Simple Interest Balance Function. B(t) = 850 +32.30-t What is the annual…

A: In this question the principal amount is 850 and interest earned each year is 32.3

Q: (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative…

A: (a) To calculate the price relative for each item, we divide the unit price in 2011 by the unit…

Q: Using the data given below calculate Price Index Numbers for the year 1958 by (i) Laspeyre's formula…

Q: A. Solve for the following: 1. Σf 2. Σχ 3. Σχ 4. Mean 5. Median 2020 Inflation Rate 8.2 9.2 7.9 9.9…

Q: The Bank of Canada is interested in studying the relationship between mortgage rates and median home…

A: Given information: The data represents the values of the variables Interest rate (%) and Median home…

Q: (a) For incomes up to $151,900, write the piecewise defined function T with input x that models the…

A: Use percentage formula for solve tax. Tax slab changes when income changes. Use this to solve part…

Q: 7. Calculate the Present Value of the investment described in the table. Compounding Period Time…

Q: f the annual geometric mean for the equity risk premium is 8.4 %, what % of the equity risk premium…

A: This is a problem related to trading risk. Based on the general formula and concept we will answer…

Q: The loan below was paid in full before its due date. (a) Obtain the value of h from the annual…

Q: a) Estimate a simple linear regression model and find the value of the parameters for the estimation…

A: Data is given We have to calculate regression equation, slope, intercept, coefficient of…

Q: start of the indicated year. Region 1 prices for pine puipwood in tw Region 2 4.00 6.70 9.00 Year…

A: Find the answer below.

Q: The average price of tuition and fees at public 4-year colleges and universities increased from…

Q: 2. If a stock price went from $100 to $110 per share in a year, what was its annual rate of return?…

Q: Najabhai

A: The objective of the question is to calculate the value of a European put option in $/£ given the…

Q: The following table lists several corporate bonds issued during a particular quarter. General…

A: We have to find the interest for bank of america and verizon for maturity period and then compare…

Q: 7. The monthly inflation rates of a particular country for five successive periods are as follows:…

A: The monthly inflation rates of a particular country for five successive periods are as follows:…

Q: When establishing the pricing of a variable (floating) rate loan to a particular client, which…

A: The correct statement is:1. Higher than average risk.When establishing the pricing of a variable…

Q: The Bank of Canada is interested in studying the relationship between mortgage rates and median home…

A: Given: Year Interest rate (%) Median home price 1988 10.3 183800 1989 10.3 183200 1990 10.1…

Q: Sears Holdings Corporation (SHLD) is one of the largest mall-based retailers in the United States.…

A: The objective of the question is to calculate the working capital and the current ratio for Sears…

Q: Check and report confidence in each model format that you created

A: A confidence interval displays the probability that a parameter will fall between a pair of values…

Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.

Topic Video

Question

100%

The manager of catering company is studying the relationship between the number of
students' boarding schools and the winning bids of catering prices per student.
8.
School
Number of Students
Winning Rid (RM)
1
300
12.00
350
11.80
3
400
11.50
450
11.50
500
11.00
550
10.80
600
10.50
8.
650
10.50
700
10.30
10
750
10.20
11
800
9.80
12
850
9.60
(i)
(ii)
Identify the dependent and independent variables involved in this study.
Calculate the Pearson's product moment correlation coefficient to determine
whether there is a linear relationship between the number of students and the
winning bid.
(iii) Determine the coefficient of determination and give a comment about its value.
(iv)
Construct the equation of the regression line of the winning bid against the
number of students using the least square method
Estimate the winning bid if the number of student is 780.
(v)

A research was carried out to study the relationship between the inflation rate (%) and
unemployment rate (%). The data were summarized as in the table below.
7.
Inflation Rate
0.7
1.5
2.4
2.8
3.5
3.5
4.5
6.5
Unemployment Rate
10.5
4.5
9.0
9.5
6.5
6.8
4.0
5.5
(i)
(ii) Calculate the product moment coefficient of correlation for the data and comment
Identify the dependent and independent variables involved in this study.
on its value.
(iii) Calculation the coefficient of determination and give a comment on its value.
TUTORIAL CHAPTER 6 (PART A & PART B): LINEAR REGRESSION AND
CORRELATION
(iv) Construct a least-squares regression equation of the two variables.
(v)
Estimate the inflation rate for an unemployment rate of 7.0%.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Application of Algebra$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

21:40 ll LTE A brainmass.com Sign in Join Forecast E Add The Mayfair Department Store in Davenport, lowa, is trying to determine the amount of sales lost while it was shut down during July and August because of damage caused by the Mississippi River flood. Sales data for January through June follow. Month Sales ($1000s) January 185.72 February 167.84 March 205.11 April 210.36 May 255.57 June 261.19 a) Use exponential smoothing with Alpha = 0.4, to develop a forecast for July and August. (Hint: Use the forecast for July as the actual sales in July in developing the August forecast.) Comment on the use of exponential smoothing for forecasts more than one period into the future. We use cookies to ensure that we give you the best experience on our website. By continuing to use the site, you consent to the use of cookies. Please review our Privacy Policy OK
An LG Dishwasher, which costs $900, has a 20% chance of needing to be replaced in the fir years of purchase. A two-year extended warrantee costs $112.10 on a dishwasher. Assume dishwasher is replaced in the first 2 years. a) Write out the probability distribution for the value of the extended warranty. Make sure you enter your X values from smallest to largest. P(X) 698.22 x 787.9 v 160 x b) What is the expected value of the extended warranty?
Exercise 4.7.25. [A] For each of the following, use the online CPI Inflation Calaulsas (a) Find the buying power in 2010 of $12.50 in 2004. (b) Find the buying power in 2011 of $42.99 in 2000. (c) Find the buying power in 2008 of $20.00 in 2010. (d) Find the buying power in 2010 of $100 in 1992.
The following table reports prices and usage quantities for two items in 2009 and 2011. (Round your answers to the nearest integer.) Quantity Unit Price ($) Item 2009 2011 2009 2011 A 1,400 1,700 8.50 6.75 B 4 2 630.00 1,400.00 (a) Compute price relatives for each item in 2011 using 2009 as the base period. Item Price Relative A B (b) Compute an unweighted aggregate price index for the two items in 2011 using 2009 as the base period. I2011 = (c) Compute a weighted aggregate price index for the two items using the Laspeyres method using 2009 as the base period. I2011 = (d) Compute a weighted aggregate price index for the two items using the Paasche method using 2009 as the base period. I2011 =
The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below Year interest rate (%) Median home price 1988 10.30 $183,800 1989 10.30 $183,200 1990 10.10 $174,900 1991 9.30 $173,500 1992 8.40 $172,900 1993 7.30 $173,200 1994 8.40 $173,200 1995 7.90 $169,700 1996 7.60 $174,500 1997 7.60 $177,900 1998 6.90 $188,100 1999 7.40 $203,200 2000 8.10 $230,200 2001 7.00 $258,200 2002 6.50 $309,800 2003 5.80 $329,800 2004 5.80 $431,000 2005 5.80 $515,000 2006 6.40 $537,000 2007 6.30 $496,000 2008 6.00 $352,000 2009 5.00 $232,000 2010 4.70 $291,700 2011 4.40 $262,900 2012 3.60 $299,200 2013 4.00 $321,200 2014 4.10 $373,500 2015 3.80 $358,100 2016 3.60 $382,500 2017 4.00 $402,900…
Below are the CPIS for three different European countries from 2016 to 2019: Country CPI in 2016 CPI in 2017 CPI in 2018 CPI in 2019 United Kingdom 99.4 101.5 104.2 106.3 France 99 100.6 101.7 103.1 Germany 99.1 100.8 102 103.3 (a) Which country / countries experienced inflation from 2016 to 2019? (b) Calculate the percentage changes in CPIS from 2018 to 2019 for each country. (c) If the prices of a country, it was the cheapest in 2019? roduct wer the same in these three countries in 2018, in which
is this right??
The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below interest rate (%) 10.30 Year Median home price S183,800 $183,200 1988 1989 10.30 1990 10.10 $174,900 1991 9.30 S173,500 $172,900 $173,200 1992 8.40 1993 7.30 1994 8.40 $173,200 S169,700 S174,500 1995 7.90 1996 7.60 1997 7.60 $177,900 $188,100 S203,200 $230,200 $258,200 S309,800 1998 6.90 1999 7.40 2000 8.10 2001 7.00 2002 6.50 2003 5.80 $329,800 2004 5.80 $431,000 2005 2006 2007 $515,000 $537,000 $496,000 5.80 6.40 6.30 2008 6.00 $352,000 $232,000 $291,700 $262,900 2009 5.00 2010 4.70 2011 4.40 2012 2013 3.60 $299,200 4.00 $321,200 $373,500 $358,100 $382,500 $402,900 2014 4.10 2015 3.80 2016 3.60 2017 4.00 a) Estimate a simple linear regression model and find the value of the parameters for the estimation of mortgage rates and the median home price. b) Interpret the intercept and the slope coefficients c) State the correlation coefficient and the…