B6. Pinan Insurance Company wants to study the relationship between the amount of fire damage andthe distance between the burning house and the nearest fire station. This information will be used insetting rates for insurance coverage. For a sample of 30 claims for the last year, the director of theactuarial department determined the distance from the fire station (x) and the amount of fire damage, inthousands of dollars (y). The MegaStat output is reported below.ANOVA tableSourceRegressionResidualTotalRegression outputVariablesInterceptDistance-XAnswer the following questions.SS1,864.57821,344.49343,209.07Coefficients12.36014.7956df12829MS1,864.578248.0176Std. Error3.29150.7696F38.83t(df=28)3.7556.231a) Write out the regression equation. Is there a direct or indirect relationship between thedistance from the fire station and the amount of fire damage?b) How much damage would you estimate for a fire 5 miles from the nearest fire station?

Given that: Regression output: Variables Coefficient Std. Error t(df=28) Intercept 12.3601…

Answered: B6. Pinan Insurance Company wants to…

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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