An investigation was carried out on 10 second-hand cars to explore the relationship between the age of the car, t years and the mileage, M thousand kilometres. The data collected from each car are shown in the following table. 6. Age, t (years) 3 4 4.5 4.5 5 6.5 3 6 2 2.5 Mileage, M 25 (thousands km) 36 32 40 42 45 50 55 30 58 Σt= 41, ΣΜ = 413, ΣtΜ -1833, Σt2 188, ΣM218123 (a) Find the regression line M = a + bt for the given data and write down the equation of the line in 2 decimal places. (F (b) Interpret the value of the slope, b, to given context. (c) Calculate the product-moment correlation coefficient for the given data. Comment on the value. A second-hand car dealer estimates the mileage for a 10 (d) year-old car to be around 132 thousand kilometres. Is the estimation made reliable? State your reason.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Answer question 6
6.
An investigation was carried out on 10 second-hand cars to
explore the relationship between the age of the car, t years and
the mileage, M thousand kilometres. The data collected from
each car are shown in the following table.
2.5 3 4
4.5 4.5
Age, t (years)
2
6.5
3
6
Mileage, M
25
36
32 40 42
50 55 30 58
(thousands km)
Σt= 41 ΣΜ = 413 , ΣtM = 1833, Σt?188, ΣΜ218123
%3D
%3D
Find the regression line M = a + bt for the given data and
(a)
write down the equation of the line in 2 decimal places.
(b)
Interpret the value of the slope, b, to given context.
(c)
Calculate the product-moment correlation coefficient for
the given data. Comment on the value.
A second-hand car dealer estimates the mileage for a 10
(d)
year-old car to be around 132 thousand kilometres. Is the
estimation made reliable? State your reason.
Transcribed Image Text:6. An investigation was carried out on 10 second-hand cars to explore the relationship between the age of the car, t years and the mileage, M thousand kilometres. The data collected from each car are shown in the following table. 2.5 3 4 4.5 4.5 Age, t (years) 2 6.5 3 6 Mileage, M 25 36 32 40 42 50 55 30 58 (thousands km) Σt= 41 ΣΜ = 413 , ΣtM = 1833, Σt?188, ΣΜ218123 %3D %3D Find the regression line M = a + bt for the given data and (a) write down the equation of the line in 2 decimal places. (b) Interpret the value of the slope, b, to given context. (c) Calculate the product-moment correlation coefficient for the given data. Comment on the value. A second-hand car dealer estimates the mileage for a 10 (d) year-old car to be around 132 thousand kilometres. Is the estimation made reliable? State your reason.
Expert Solution
steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman