The total amount of construction spending on highways and streets (in billions of dollars) is given in the accompanying table for the first six months of 2016January February9997March94April87MonthSpendingMay85(a) The linear model for the data is y=x+(Round to the nearest thousandth as needed.)June85(a) Find the least-squares regression line that models these data, with x=1 corresponding to January 2016(b) Assuming the trend continues, estimate the amount of spending in December 2016

The question is about regression.Given :To find :a ) Least square regression lineb ) Estimate the…

Answered: amount of com ction spending on…

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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Is It Getting Harder to Win a Hot Dog Eating Contest?Every Fourth of July, Nathan’s Famous in New York City holds a hot dog eating contest. The table below shows the winning number of hot dogs and buns eaten every year from 2002 to 2015, and the data are also available in HotDogs. The figure below shows the scatterplot with the regression line. Year Hot Dogs 2015 62 2014 61 2013 69 2012 68 2011 62 2010 54 2009 68 2008 59 2007 66 2006 54 2005 49 2004 54 2003 45 2002 50 Winning number of hot dogs in the hot dog eating contest Winning number of hot dogs and buns Click here for the dataset associated with this question. (a) Is the trend in the data mostly positive or negative? Positive Negative (b) Using the figure provided, is the residual larger in 2007 or 2008?Choose the answer from the menu in accordance to item (b) of the question statement 20072008 Is the residual positive or…
• When fitting a linear regression, multiple regression lines may be equally as good to represent the data. True O False
Explain the concept of Linear Regression with Multiple Regressors?
A popular television show recently released a video previewing the upcoming season on his website as fans of the show discovered the video the number of views of the preview video has grown each day during the last two weeks the number of days in the release of the video and the natural log of the number of video views as shown in the scatterplot. based on the scatterplot and residual plot, what type of model would be appropriate for summarizing the relationship between days and numbers of views? an exponential model is appropriate because the Residual plot does not show a clear pattern A linear model is appropriate because of scatterplot shows a strong positive linear relationship A power model is appropriate because the scatterplot of days a natural log of use is strong and linear an exponential model is appropriate because the relationship between the days in the natural log of views in linear and the residual plot does not show a clear pattern
The number of new contributors to a public radio station's annual fund drive over the last ten years is 170, 168, 165, 172, 178, 180, 175, 185, 180, 188 Develop a trend equation (regression equation) for this information and use it to predict period 11's number of new contributors. What is the R square value? What does R square signify?
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
Data were collected that included information on the weight of the trash (in pounds) on the street one week and the number of people who live in the house. The figure shows a scatterplot with the regression line. Complete parts (a) through (d) below.
Students who are going to college have a cost per credit. The chart below is a cost of tuition cost increase over the years. A table of the yearly cost is listed below. A) Use technology (graphing calculator or excel) to determine the least squares regression line for the best fit line for the data given above. List the equation and R^2 Regression factor. B) Use your equation from technology to estimate how much college credits will cost in 2021

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