For a particular red wine, the foilowing data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016.Age (years) Price (s)37256201422921733255413312617831209452973423722182 (e) Develop the least squares estimated regression equation. (Let x age (in years), and let y price (in $). Round your numerical values to three decimal places)

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Answered: For a particular red wine, the…

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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The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in eleven metropolitan areas across the upper Midwest region (OhioGasPrices.com website, March 18, 2012). Click on the datafile logo to reference the data. DATA file Shell BP Metropolitan Area Marathon Akron, Ohio Cincinnati, Ohio Cleveland, Ohio Columbus, Ohio Ft. Wayne, Indiana Indianapolis, Indiana Lansing, Michigan Lexington, Kentucky Louisville, Kentucky Muncie, Indiana Toledo, Ohio 3.77 3.72 3.87 3.76 3.78 3.87 3.89 3.79 3.83 3.83 3.85 3.77 3.83 3.85 3.93 3.84 3.84 4.04 3.87 3.87 3.99 3.79 3.78 3.81 3.69 3.78 3.84 3.84 3.83 3.79 3.79 3.86 3.86 Use a = .05 to test for any significant difference in the mean price of gasoline for the three brands. Round SS to 6 decimals, MS to 6 decimals, F to 2…
The following table shows the length, in centimeters, of the humerus and the total wingspan, in centimeters, of several pterosaurs, which are extinct flying reptiles. (A graphing calculator is recommended.) Pterosaur Data Humerus, x Wingspan, y Humerus, x Wingspan, y 27 576 32 589 33 605 35 745 25 559 24 552 23 472 22 461 18 411 17 410 1.5 36 1.4 30 1.3 29 0.9 28 0.8 24 (a) Find the equation of the least-squares regression line for the data. Round constants to the nearest hundredth. (b) Use the equation from part (a) to determine, to the nearest centimeter, the projected wingspan of a pterosaur if its humerus is 56 centimeters. cm
mpute Marshall – Edgeworth price index number for the following data by taking 2016 as base year. Items sold out in a men's wear 2017. 2016 GRSH Prices Quantity Quantity Prices Shirts 900 175 700 150 Pants 1200 150 1000 100 Sandals 600 100 500 70 Shoes 1800 60 1500 50 150 Belts Watches 400 100 600 250 300 1500 1200
The owner of Showtime Movie Theaters, Inc., would lke to predict weekly gross revenue as a function of advertising expenditures Historical data for a sample of eight wecks follow Weekly Gross Revenue ($1,000s) Television Advertising ($1,000s) Newspaper Advertising ($1,000s) 96 5.0 1.5 90 2.0 2.0 95 4.0 1.5 92 2.5 2.5 95 3.0 3.3 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 The owner then used multiple regression analysis to predict gross revenue (y), in thousands of dollars, as a function of television advertising (x), in thousands of dolars, and newspaper advertising (x,), in thousands of dollars. The estimated regression equation was = 83.2 + 2.29x, + 1.30x. (a) What is the gross revenue (in dollars) expected for a week when $5,000 is spent on television advertising (x5) and $1,500 is spent on newspaper advertising (, 1.5)? (Round your answer to the nearest dollar.) $06600 (b) Provide a 95% confidence interval (in dolars) for the mean revenue of all weeks with the expenditures listed in part (a).…
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at 2 presented based on the Health Information National Trends Survey (HINTS) LALYSIS
For a particular red wine, the following data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016. Age (years) 37 20 29 33 41 26 29 45 34 22 Price ($) 256 142 217 255 331 168 209 297 237 182
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For a particular red wine, the foilowing data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016. Age (years) Price ($) 37 256 20 142 29 217 33 255 41 331 26 178 31 209 45 297 34 237 22 182