An LCBO employee compares the relationship between the price of 6 different vintage bottles of wine, and the number of those bottles that have been purchased in the last 3 months to see if there is a correlation between the number of bottles purchased and the price of the bottle. Number of Bottles of Wine Purchased in the Price of Wine Bottle ($) Last 3 month 44 18 93 65 82 56 25 60 15 30 20 40
An LCBO employee compares the relationship between the price of 6 different vintage bottles of wine, and the number of those bottles that have been purchased in the last 3 months to see if there is a correlation between the number of bottles purchased and the price of the bottle. Number of Bottles of Wine Purchased in the Price of Wine Bottle ($) Last 3 month 44 18 93 65 82 56 25 60 15 30 20 40
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![An LCBO employee compares the relationship between the price of 6 different vintage
bottles of wine, and the number of those bottles that have been purchased in the last
3 months to see if there is a correlation between the number of bottles purchased and
the price of the bottle.
Number of Bottles of
Wine Purchased in the Price of Wine Bottle ($)
Last 3 month
44
18
93
65
82
56
25
60
15
30
20
40](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7922c58b-d5b6-4139-adaf-1b126b323901%2F105cbd6b-07fe-49a4-bbe1-377cb0eb230f%2Fpbvijg_processed.png&w=3840&q=75)
Transcribed Image Text:An LCBO employee compares the relationship between the price of 6 different vintage
bottles of wine, and the number of those bottles that have been purchased in the last
3 months to see if there is a correlation between the number of bottles purchased and
the price of the bottle.
Number of Bottles of
Wine Purchased in the Price of Wine Bottle ($)
Last 3 month
44
18
93
65
82
56
25
60
15
30
20
40
![i. Determine the equation of the line of best fit.
ŷ
E+
=x
Round answers to 3 significant digits.
=
ii. Calculate the Total Variation (SST), Explained Variation (SSR), and Unexplained
Variation (SSE).
SST =
SSR=
SSE =
Round answers to 2 decimal places.
iii. Based on your results from part (ii), calculate the coefficient of determination (R²).
R²
=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7922c58b-d5b6-4139-adaf-1b126b323901%2F105cbd6b-07fe-49a4-bbe1-377cb0eb230f%2F1amv1uh_processed.png&w=3840&q=75)
Transcribed Image Text:i. Determine the equation of the line of best fit.
ŷ
E+
=x
Round answers to 3 significant digits.
=
ii. Calculate the Total Variation (SST), Explained Variation (SSR), and Unexplained
Variation (SSE).
SST =
SSR=
SSE =
Round answers to 2 decimal places.
iii. Based on your results from part (ii), calculate the coefficient of determination (R²).
R²
=
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