(a)An automotive company is interested in identifying on how their car price depreciates.A researcher from the company took a sample of ten cars of their first model andcollected the following information on the ages (in years) and prices (in hundreds ofringgit) of cars. The data were recorded as in Table Q2(a).Table Q2(a): Relationship between ages and price of carsAgePrice101332308805022301347112225031804170(i)Construct a scatter diagram for the data as in Table Q2(a).(ii)Find the regression equation with price as a dependent variable and age as anindependent variable. Interpret the results obtained.(iii) Find the value of correlation and coefficient of determination. Interpret thevalues obtained.(iv) Estimate and interpret the price of a 8 year old car of this model.

i) In this case, price is the dependent variable (y) and age is the independent variable (x).

Answered: An automotive company is interested in…

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

Similar questions

Consider the following data representing the price of refrigerators (in dollars). 1260, 1446, 1106, 1269, 1443, 1424, 1118, 1132, 1177, 1115, 1156, 1262, 1215, 1236, 1243, 1169, 1437, 1191, 1401, 1439, 1365 Answer Class 1093-1152 1153-1212 1213-1272 1273-1332 1333-1392 1393-1452 Step 2 of 4: Determine the frequency of the first class. Price of Refrigerators (in Dollars) Frequency Relative Frequency Cumulative Frequency Tables
Five students taking a Business Statistics module at MANCOSA were asked to provide an example of a variable they have encountered in their day-to-day life. Their responses are as follows: Student Lungani Nsika Thembekile Mduduzi Variable The body temperature of a patient diagnosed with COVID-19 The price of a technology company stock on the NASDAQ The age of his bull mastiff The number of female students in Mduduzi's Python class Which student's provided a continuous true zero variable? A. Lungani B. Lungani and Nsika C. Nsika D. Thembekile and Mduduzi
Five students taking a Business Statistics module at MANCOSA were asked to provide an example of a variable they have encountered in their day-to-day life. Their responses are as follows: Student Variable Lungani Nsika Thembekile Mduduzi The body temperature of a patient diagnosed with COVID-19 The price of a technology company stock on the NASDAQ The age of his bull mastiff The number of female students in Mduduzi's Python class Which student provided a variable which does not have a true zero? A. Nsika B. Lingani and Nsika C. Thembekile and Mduduzi D. Lungani
Consider the following data representing the price of plasma televisions (in dollars). 1260, 1355, 1156, 1297, 1054, 1225, 1375, 1244, 1281, 1138, 1368, 1075, 1373, 1126, 1067, 1285, 1119, 1209, 1150, 1208, 1284 Class 1034-1093 1094-1153 1154-1213 1214-1273 1274-1333 1334-1393 Frequency Price of Plasma Televisions (in Dollars) Class Boundaries Midpoint Relative Frequency Copy Data Cumulative Frequency Step 6 of 7: Calculate the relative frequency of the third class. Determine your answer as a simplified fraction.
(e) Test the hypothesis Ho : B1 = 10 versus H1 :ß, # 10 using a = 0.01. Ho and conclude the slope v 10 at a = 0.01. (d) Test the hypothesis Ho : Bo = 0 versus H1 : Bo + 0 using a = 0.01. Ho and conclude that the intercept be included in the model.
(5) A certain educational institute has 15 centers located at different places in a city. There are three telephone operators in each center. The manager wanted to estimate the average number of calls received per telephone per week for this institute. He decided to select four centers and the number of calls received on last week for each operator were recorded. The data collected are given in Table 02. Answer the following questions. Table 02: Number of calls received for each operator 25, 15, 30 18, 12, 10 20, 18, 22 15, 20, 18 Center 1 4 (i) (ii) What is the sampling method used in this study? Justify your answer. Estimate the average number of telephone calls received per telephone operator.
Mr. James, president of Daniel-James Financial Services, believes that there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, he gathered the following information from a sample of clients for the last month. Let X represent the number of times that the client was contacted and Y represent the valye of sales ($1000) for each client sampled. Number of Contacts (X) Sales ($1000) 14 24 12 14 20 28 16 30 23 30 b) compute the correlation coefficient and coeffcient of determination. Interpret the coefficients.
I just need the 2 bottom ones (:
3. Eight different aged patients are tested on their sugar levels in a laboratory to know whether there is any relationship between the age and blood sugar level. Using appropriate method, analyze the following data and give your comments on the same. Patients 10 15 20 25 30 35 40 45 Blood- 70 85 110 180 125 100 180 120 Sugar level
The data set shown below contains the number of hurricanes that occurred each year over a 14-year period. Some scientists claim that there has been an increase in the number of hurricanes as the years progressed. Complete parts (a) through (d). Year 10 11 12 13 140 # 3 4. 2 1 a) Create a histogram of these data. Choose the correct histogram below. OA. OB. Oc. OD. # of Hurricanes # of Hurricanes # of Hurricanes # of Hurricanes b) Describe the distribution. Is the distribution uniform, unimodal, or bimodal? O A. The distribution is uniform. O B. The distribution is bimodal. O C. The distribution is unimodal. Is the distribution symmetric or skewed?
The table lists the average gestation period (in days) and longevity (in years) for the following mammals, as reported in The World Almanac and Book of Facts 2006. Mammal Gestation, y(days) Longevity, x(years) Mammal Gestation, y(days) Longevity, x(years) Baboon 187 20 Camel 406 12 Bear, black 219 18 Cat 63 12 Bear, grizzly 225 25 Chimpanzee 230 20 Bear, polar 240 20 Chipmunk 31 6 Beaver 105 5 Cow 284 15 Buffalo 285 15 Deer 201 8 Dog 61 12 Monkey 164 15 Donkey 365 12 Moose 240 12 Elephant 645 40 Mouse 21 3 Elk 250 15 Opossum 13 1 Fox 52 7 Pig 112 10 Giraffe 457 10 Puma 90 12 Goat 151 8 Rabbit 31 5 Gorilla 258 20 Rhinoceros 450 15 Guinea pig 48 4 Sea lion 350 12 Hippopotamus 238 41 Sheep 154 12 Horse 330 20 Squirrel 44 10 Kangaroo…
The following data provides the monthly streaming bill for a random sample of 20 households along with the number of televisions in the household (TV), the number of people living in the household (People). and the number of years that household has been a streaming customer (Years). Calculate the adjusted multiple coefficient of determination for predicting the streaming bill. Place the answer in decimal points.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS