A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below y= 263.5 + 0.174x R2 = 0.728 a) Interpret the slope of the given regression line b) find the predicted house price for a house size of 120 square feet c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home d) find the correlation coefficient. Round to 3 decimal places

A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below y= 263.5 + 0.174x R2 = 0.728 a) Interpret the slope of the given regression line b) find the predicted house price for a house size of 120 square feet c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home d) find the correlation coefficient. Round to 3 decimal places

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter3: Polynomial Functions

Section: Chapter Questions

Problem 18T

See similar textbooks

Similar questions

Does Table 1 represent a linear function? If so, finda linear equation that models the data.
Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Find the mean hourly cost when the cell phone described above is used for 240 minutes.
Can the average rate of change of a function be constant?
Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?
Find the degrees of freedom in a regression model with an intercept term that has 88 observations and 7 explanatory variables.
please use this situation: A small theater company has a linear regression model to estimate y = the concession stand sales in dollars, based on knowing x = the number of people in attendance. The regression equation is: = 6.72x + 11.50 and the correlation coefficient was r = 0.781. The data set saw the number of people in attendance ranging from a minimum of 18 people to a maximum of 170 people. 1) Interpret the slope of the regression equation in the context of the problem. If it would make sense, interpret the y-intercept and if it doesn’t make sense to do that say why.
A regression analysis was performed to determine if there is a relationship between hours ofTV watched per day r) and number of sit ups a person can do (y). The results of the regression were: у-ах+b a=-0.827 b=35.329 r2=0.540225 r=-0.735 Use this to predict the number of sit ups a person who watches 13.5 hours of TV can do, and please round your answer to a whole number.
A researcher studied the relationship between stress test scores (x variable) and blood pressure (y variable) and determined the linear regression equation is y= 72.5 + 23.7x. He also found the sample correlation coefficient r=0.956. Using the equation of the line we can predict a person with a stress test score of 7 will have a blood pressure of type your answer... the nearest whole number. The interpretation of the slope in the context of the problem is: type your answer.... The interpretation of the y-intercept in the context of the problem is: type your answer... appropriate". Round your final answer to If it is not appropriate to interpret the y-intercept answer "Not The percentage of the variation in the blood pressure that can be explained by the stress test score is type your answer.... rounded to the nearest whole number. %. Write your answer as a percentage s
please use this situation: A small theater company has a linear regression model to estimate y = the concession stand sales in dollars, based on knowing x = the number of people in attendance. The regression equation is: = 6.72x + 11.50 and the correlation coefficient was r = 0.781. The data set saw the number of people in attendance ranging from a minimum of 18 people to a maximum of 170 people. 1) How reliable would it be to make a prediction for the concession sales amount if there were 500 people in attendance? Explain.
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). Which regression equation is best for predicting city fuel consumption? Why? Click the icon to view the table of regression equations. Choose the correct answer below. OA. The equation CITY = -3.12 +0.824HWY is best because it has a low P-value and its R2 and adjusted R² values are comparable to the R2 and adjusted R2 values of equations with more predictor variables. OB. The equation CITY=6.88-0.00131WT-0.251DISP+0.654HWY is best because it has a low P-value and the highest value of R². OC. The equation CITY = 6.65 -0.00156WT +0.665HWY is best because it has a low P-value and the highest adjusted value of R². CITY=6.88-0.00131WT-0.251DISP+0.654HWY is best because it uses all of the…
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). Which regression equation is best for predicting city fuel consumption? Why? Click the icon to view the table of regression equations. Choose the correct answer below. A. The equation CITY=6.86 -0.00131WT -0.258DISP+0.659HWY is best because it has a low P-value and the highest value of R². B. The equation CITY=6.73 -0.00157WT +0.668HWY is best because it has a low P-value and the highest adjusted value of R². C. The equation CITY= -3.15+0.823HWY is best because it has a low P-value and its R² and adjusted R² values are comparable to the R² and adjusted R² values of equations with more predictor variables. O D. The equation CITY=6.86 -0.00131WT-0.258DISP + 0.659HWY is best because it…