An article gave a scatter plot, along with the least squares line, of x = rainfall volume (m³) and y = runoff volume (m³) for a particular location. The simple linear regression model provides a very good fit to data on rainfall and runoff volume (n=15) given below. Theequation of the least squares line is y=-1.082 +0.82861x, r² = 0.972, and s = 5.63.12 14 17 23 30 40 47 55 67 72 81 96 112 127y 5 10 14 14 15 26 26 46 37 47 52 70 83 100 100(a) Use the fact that s = 1.54 when rainfall volume is 40 m³ to predict runoff in a way that conveys information about reliability and precision. (Calculate a 95% PI. Round your answers to two decimal places.)m³Does the resulting interval suggest that precise information about the value of runoff for this future observation is available? Explain your reasoning.O Yes, precise information is available because the resulting interval is very wide.O Yes, precise information is available because the resulting interval is very narrow.O No, precise information is not available because the resulting interval is very wide.O No, precise information is not available because the resulting interval is very narrow.

The equation of the least squares regression line is .The data on x= rainfall volume and y=runoff…

Answered: An article gave a scatter plot, along…

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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Report the equation of the regression line and interpret it in the context of the problem
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