finding the linear regression model equation : G = mE+b
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I need help finding the linear regression model equation : G = mE+b
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- If the equation of the regression line for hours a spent cycling in the summer and hours y spent working in the summer is ŷ = - 0.7x + 42 , then as the number of cycling hours increases, the number of work hours tends to decrease. true O falseA sports-equipment researcher was interested in the relationship between the speed of a golf club (in feet per second) and the distance a golf ball travels (in yards). Information was collected on several golfers and was used to obtain the regression equation ŷ = 2x - 106, where x represents the club speed and ŷ is the predicted distance. Which statement best describes the meaning of the slope of the regression line? For each increase in distance by 1 yard, the predicted club speed increases by 2 ft/sec. For each increase in distance by 1 yard, the predicted club speed decreases by 106 ft/sec. For each increase in club speed by 1 ft/sec, the predicted distance increases by 2 yards. For each increase in club speed by 1 ft/sec, the predicted distance decreases by 106 yards.The following linear regression model can be used to predict ticket sales at a popular water park. Ticket sales per hour = - 631.25 + 11.25(current temperature in °F)23) Choose the statement that best states the meaning of the slope in this context. A) The slope tells us that a one degree increase in temperature is associated with an average increase in ticket sales of 11.25 tickets. B) The slope tells us that high temperatures are causing more people to buy tickets to the water park. C) The slope tells us that if ticket sales are decreasing there must have been a drop in temperature. D) None of these
- You are the Filipino analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. You used regression analysis to predict $ sales (y) by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2 If the advertising budgets of one of the branches of the corporation is now $45,000 (which is 10% more than before) and the salary of sales representatives is now $8,500 (which is 20% less than before), then the predicted sales before in that branch is A. $376,700 B. $335,650 C. $417,750 D. $341,250The volume (in cubic feet) of a black cherry tree can be modeled by the equation y=−51.9+0.3x1+4.9x2, where x1 is the tree's height (in feet) and x2 is the tree's diameter (in inches). Use the multiple regression equation to predict the y-values for the values of the independent variables.The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. Weekly Gross Revenue ($1,000s) 96 90 ŷ = 95 92 95 94 94 94 Television Newspaper Advertising Advertising ($1,000s) ($1,000s) 5.0 2.0 4.0 2.5 3.0 3.5 2.5 3.0 1.5 2.0 1.5 2.5 3.3 2.3 4.2 2.5 (a) Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let X₁ amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.) ŷ = represent the (b) Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. (Round your numerical values to two decimal places. Let x₁ represent the amount of television advertising in $1,000s, x₂ represent the amount of newspaper advertising in $1,000s, and y represent the weekly…
- A professor wants to predict students' final examination scores on the basis of their midterm test scores. An equation was determined on the basis of data on the scores of three students who took the same course with the same instructor the previous semester (see the table on the right). a) Find the regression line, y=mx+b. Midterm Score, x 82 65 69 Final Exam Score, y b)The midterm score of a student was 88%. Use the regression line to predict the student's final exam score. 87 67 78 a) y = ☐ (Simplify your answer. Round to five decimal places as needed.) b) The student's final exam score is (Simplify your answer. Round to two decimal places as needed.).A business analyst found a linear relationship between the predicted profit (in thousands of dollars) with the amount of employees hired (think of the units as per person). The resulting regression equation and coefficient of determination were found to be: ŷ = 10 + 4.5x R² = 72% a) Interpret the slope and y-intercept using the guidelines learned in class. b) Find the predicted profit when the you hire 5 employees. c) Suppose that the true profit when 5 employees are hired is $42 thousand dollars. Find the residual. d) What is the correlation coefficient? Round to three decimal places. e) What is the strength of the correlation coefficient?An individual wants to determine how much money a boy scout earns from selling popcorn (Y-variable) based on the length of time (in days) that they went out selling (X-variable). Using the following linear regression equation Ŷ = 5 + 20X: a. State the value of the intercept AND the value of the slope (2 points) b. Based on the given regression equation, what can you determine about the direction of the relationship between X and Y (i.e. is it positive or negative)? (2 points) c. If a boy scout sells popcorn for 4 days, how much money is he predicted to earn? (2 points)
- What is the linear equation (y = mx + b form) that best approximates the relationship between advertising dollars spent(x) and sales revenue(y) based on the above 8 months of data? (round to 2 decimals for the slope and the y intercept)You are the Filipino analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. You used regression analysis to predict $ sales (y) by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2 If the advertising budgets of one of the branches of the corporation is the same as before and the salary of sales representatives is now 20% less than before, then the predicted sales in that branch will A. increase B. no sufficient information to determine C. decrease D. remain the sameA shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. ý = 35 + 13z1 + Bz where 1 = inventory investment ($1000s) I2 = advertising expenditures ($1000s) y=sales ($1000s) a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000. b. Interprel b1 and ba in this estimated regression equation. b: Sales can be expected to Sclect your answer by $13 for every dollar increase in - Select your answer- vwhen - Select your answer is held constant. b: Sales can be expected to Sclect your answer by $6 for every dollar increase in Sclect your answer - when Select your answer is held constant. -Icon Key Exercise 15.04 Algo (Loast Square Mothod)
