For the data below find a simple linear regression equation that relates the Advertisingcost to the Sales.:SalesAdvertising ($100)1241011Also find the coefficient of determination and the values of SST, SSE, and SSR. What isthe predicted value for the sales if the advertisements were 11 (in $100)?

Regression equation : Y = a + b x + e is the regression equation. The value of the Dependent…

Answered: For the data below find a simple linear…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 40 inches. Is the result close to the actual weight of 352 pounds? Use a significance level of 0.05. Chest size (inches) *Weight (pounds) 44 54 328 528 41 55 39 51 418 580 296 503 Click the icon to view the critical values of the Pearson correlation coefficient r. - What is the regression equation? x (Round to one decimal place as needed.)
The data show the number of viewers for television stars with certain salaries. Find the regression equation, letting salary be the independent (x) variable. Find the best predicted number of viewers for a television star with a salary of $7 million. Is the result close to the actual number of viewers, 5.2 million? Use a significance level of 0.05. Salary (millions of $) 108 14 5 8 5.1 4.3 7.8 2.5 Viewers (millions) Click the icon to view the critical values of the Pearson correlation coefficient r. What is the regression equation? y=+x (Round to three decimal places as needed.) X 1 1 5 8 5.7 8.2 10.9 4.4
5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is $9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this problem. Price ($) Weekly sales (in thousands) $8 440 $8.50 380 $10 $11.50 250 180
A researcher that there is a linear association between the level of potassium content (y) in milligrams and the amount of fiber (x) in grams in cereal. The regression line for the data is computed to y=37+28x rate. It was also computed that r=.59 A. What does the value . 59 tell you? B. What does the value 37 tell you? C. What does the value 28 tell you ? 2. For the line in question 1 what percentage of variability in potassium can be explained by variability in fiber?
The data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 63 inches. Is the result close to the actual weight of 522 pounds? Use a significance level of 0.05. Chest size (inches) 58 50 65 59 59 48 D 414 312 499 450 456 260 Weight (pounds) Click the icon to view the critical values of the Pearson correlation coefficient r. What is the regression equation? y=+x (Round to one decimal place as needed.) What is the best predicted weight of a bear with a chest size of 63 inches? The best predicted weight for a bear with a chest size of 63 inches is pounds. (Round to one decimal place as needed.) Is the result close to the actual weight of 522 pounds? O A. This result is not very close to the actual weight of the bear. O B. This result is exactly the same as the actual weight of the bear. O C. This result is close to the actual weight of the…
The table shows the lengths and weights of seven muskies captured by the Department of Natural Resources in Catfish Lake in Eagle River, Wisconsin. Use the linear regression feature on a graphing calculator to determine an equation of the line that best fits the data. Round to the hundredths. Musky 1 2 3 4 5 6 7 Length (in.) 26 27 29 33 35 36 38 Weight (lb) 5 8 9 12 14 14 19
B-4 A toy store manager would like to know how the price can affect the sales of toys. In his data, he obtained 100 pairs of prices (unit: £) and volume of sales (unit: hundreds) for the toys. A simple linear regression was run with Sales as the dependent variable and Price as the independent variable with the following results. Regression Statistics R Square Adj. RSqr StErr of EST 0.876 0.767 0.701 4.184 Summary Table Variable Coeff. Std. Err Intercept 64.742 11.310 Price -2.645 0.602 (a) Write down the estimated regression equation. Explain this regression equation. (b) What's the value for R Square? Explain the meaning of this value. (c) Test the significance of the model at a=0.05 level. Write down the hypothesis you are testing, the statistic you use to evaluate the test, and your conclusion. (d) Use the regression output to construct a 99% confidence interval for the predicted sales when the price is set to be 15. (e) A colleague in the toy store claims that £1 increase in the…
Below is the actual data on the speed a person walks or runs in miles/hour and the calories the person burns per lap. Find the linear equation of best fit for this data. Compare the model to the data. Does the model seem to fit the data? Explain. What is the significance of the y-intercept? What is the slope and what does it mean? What is the x-intercept and what does it mean? What is the correlation coefficient and what does it mean? Speed (mph) Calories/lap 1 42 2 31 3 27 4 41 5 40 6 40 7 39 8 38 r answers to the nearest hundredth. The y-intercept means that if a person runs at ----------mph they will burn__________ per lap. The slope means that for each mph you increase your speed, you will burn an additional------------calories pay lap
What is the explanatory variable, what is the response variable. What is the regression equation for this data. Plot the regression line in your calculator and draw it on your graph. Interpret in context the slope. Interpret in context the y-intercept. What is the residual at 45 years of age. Plot the residual plot on the axis to the right

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS