Dorothy Kelly sells life insurance for the Prudence Insurance Company. She sells insurance by making visits to her clients homes. Dorothy believes that the number of sales should depend, to some degree, on the number of visits made. For the past several years, she kept careful records of the number of visits (x) she made each week and the number of people (y) who bought insurance that week. For a random sample of 15 such weeks, the x and y values follow. y = X y b = ŷ = | 9 5 21 10 15 15 7 + 14 6 28 5 20 8 2 5 14 6 Ex = 248; Ey = 98; Ex2 = 4,892; Ey2 = 722; Exy = 1,834 (a) Find x, y, b, and the equation of the least-squares line. (Round your answers for x and y to two decimal places. Round your least-squares estimates to three decimal places.) x= 22 7 8 3 15 29 8 5 10 6 (b) Draw a scatter diagram for the data. Plot the least-squares line on your scatter diagram. y y 25 16 10 7 15
Dorothy Kelly sells life insurance for the Prudence Insurance Company. She sells insurance by making visits to her clients homes. Dorothy believes that the number of sales should depend, to some degree, on the number of visits made. For the past several years, she kept careful records of the number of visits (x) she made each week and the number of people (y) who bought insurance that week. For a random sample of 15 such weeks, the x and y values follow. y = X y b = ŷ = | 9 5 21 10 15 15 7 + 14 6 28 5 20 8 2 5 14 6 Ex = 248; Ey = 98; Ex2 = 4,892; Ey2 = 722; Exy = 1,834 (a) Find x, y, b, and the equation of the least-squares line. (Round your answers for x and y to two decimal places. Round your least-squares estimates to three decimal places.) x= 22 7 8 3 15 29 8 5 10 6 (b) Draw a scatter diagram for the data. Plot the least-squares line on your scatter diagram. y y 25 16 10 7 15
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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