c) Determine and interpret the coefficient of determination. d) Determine the correlation coefficient. Interpret its value. How did you determine the sign of the correlation coefficient?
c) Determine and interpret the coefficient of determination. d) Determine the correlation coefficient. Interpret its value. How did you determine the sign of the correlation coefficient?
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
![B6. Pinan Insurance Company wants to study the relationship between the amount of fire damage and
the distance between the burning house and the nearest fire station. This information will be used in
setting rates for insurance coverage. For a sample of 30 claims for the last year, the director of the
actuarial department determined the distance from the fire station (x) and the amount of fire damage, in
thousands of dollars (y). The MegaStat output is reported below.
ANOVA table
Source
Regression
Residual
Total
Regression output
Variables
Intercept
Distance-X
Answer the following questions.
SS
1,864.5782
1,344.4934
3,209.07
Coefficients
12.3601
4.7956
df
1
28
29
MS
1,864.5782
48.0176
Std. Error
3.2915
0.7696
c) Determine and interpret the coefficient of determination.
F
38.83
t(df=28)
3.755
6.231
d) Determine the correlation coefficient. Interpret its value. How did you determine the sign of
the correlation coefficient?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc4a7fd07-882d-459d-bae5-86f395d11d04%2F1b6302fe-59d5-4ef1-a3d5-410bac0d6c67%2F39niah8_processed.png&w=3840&q=75)
Transcribed Image Text:B6. Pinan Insurance Company wants to study the relationship between the amount of fire damage and
the distance between the burning house and the nearest fire station. This information will be used in
setting rates for insurance coverage. For a sample of 30 claims for the last year, the director of the
actuarial department determined the distance from the fire station (x) and the amount of fire damage, in
thousands of dollars (y). The MegaStat output is reported below.
ANOVA table
Source
Regression
Residual
Total
Regression output
Variables
Intercept
Distance-X
Answer the following questions.
SS
1,864.5782
1,344.4934
3,209.07
Coefficients
12.3601
4.7956
df
1
28
29
MS
1,864.5782
48.0176
Std. Error
3.2915
0.7696
c) Determine and interpret the coefficient of determination.
F
38.83
t(df=28)
3.755
6.231
d) Determine the correlation coefficient. Interpret its value. How did you determine the sign of
the correlation coefficient?
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