a. Develop a scatter diagram for these data with temperature rating (F®) as the indepen- dent variable. b. What does the scatter diagram developed in part (a) indicate about the relationship between temperature rating (F°) and price?

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Please answer a, b, c and d.
Problem 2
Temperature
Rating (F°)
Model
Price ($)
Ranger 3-Seasons
Ranger Spring
Ranger Winter
12
24
3
13
38
319
289
389
239
149
289
359
259
229
129
199
Rondane 3-Seasons
Rondane Summer
Rondane Winter
Senja Ice
Senja Snow
Senja Zero
Super Light
Tight & Light
4
5
15
25
45
25
a. Develop a scatter diagram for these data with temperature rating (F°) as the indepen-
dent variable.
b. What does the scatter diagram developed in part (a) indicate about the relationship
between temperature rating (F°) and price?
c. Use the least squares method to develop the estimated regression equation.
d. Predict the price for a sleeping bag with a temperature rating (F°) of 20.
Transcribed Image Text:Problem 2 Temperature Rating (F°) Model Price ($) Ranger 3-Seasons Ranger Spring Ranger Winter 12 24 3 13 38 319 289 389 239 149 289 359 259 229 129 199 Rondane 3-Seasons Rondane Summer Rondane Winter Senja Ice Senja Snow Senja Zero Super Light Tight & Light 4 5 15 25 45 25 a. Develop a scatter diagram for these data with temperature rating (F°) as the indepen- dent variable. b. What does the scatter diagram developed in part (a) indicate about the relationship between temperature rating (F°) and price? c. Use the least squares method to develop the estimated regression equation. d. Predict the price for a sleeping bag with a temperature rating (F°) of 20.
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