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Based on the regression output, if a printer can print 4.8 pages per minute and copies in color, what is the predicted price?

Based on the regression output, if a printer can print 4.8 pages per minute and copies in color, what is the predicted price?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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27) Below is some of the regression output from a regression of the price of a copier (expressed in $'s) based on the speed (pages per minute) and whether it copies in color or not (color=0 if it does NOT copy in color and =1 if it does copy in color) A copier manufacturer is trying to decide how much to charge for their new copier. Based on the regression output, if a printer can print 4.8 pages per minute and copies in color, what is the predicted price? *please round to 2 decimal places*
SUMMARY OUTPUT Regression Statistics Multiple R 0.919 R Square 0.845 Adjusted R Square 0.801 Standard Error 35.80 Observations 10 ANOVA df SS MS F Significance F Regression 48879.2 24439.6 19.1 0.0014 Residual 7. 8969.7 1281.4 Total 9. 57848.9 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 238.3 27.1 8.8 0.0 174.1 302.5 Speed 26.8 8.0 3.3 0.0 7.7 45.5 Color 57.7 28.8 2.0 0.1 -9.3 126.8
Transcribed Image Text:SUMMARY OUTPUT Regression Statistics Multiple R 0.919 R Square 0.845 Adjusted R Square 0.801 Standard Error 35.80 Observations 10 ANOVA df SS MS F Significance F Regression 48879.2 24439.6 19.1 0.0014 Residual 7. 8969.7 1281.4 Total 9. 57848.9 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 238.3 27.1 8.8 0.0 174.1 302.5 Speed 26.8 8.0 3.3 0.0 7.7 45.5 Color 57.7 28.8 2.0 0.1 -9.3 126.8
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