Good Afternoon Can you please solve question d)e) and please check I have c) correct aswell ,I have placed it just below this little explanatory note , if not please correct and show all steps that you used to achieve your awnser.Thank you Other attached picture is the full question with all data necessary to complete this. Happy New Year! this is what I got in awnser c:c.The value of intercept a is,(PLEASE SEE ATTACHED PICTURE FOR EQUATION)Hence, the regression equation is m = –467.325 + 0.74v.Questions: d. Interpreting the value of b, each additional visitor spends £ __________ e. Using the equation calculated in part c, estimate the amount of money spent when the number of visitors to the UK in a month is 2,500,000 a = m - bv= 1326.25 - (0.74)(2423.75= -467.325 The table shows data on the number of visitors to the UK in a month, v (1000s), and the amount ofmoney they spent, m (£ millions), for each of 8 months.Number of visitors2450 2480 2540 | 2420 | 2350 | 2290 2400 | 2460v (1000s)Amount of money spent 1370| 1350 | 1400 | 1330 | 1270m (£ millions)1210 | 1330 1350The correlation coefficient between m and v is 0.962a. Give a reason to support fitting a regression model of the form m = a+ bv to these data.b. Summary statistics are:v = 2423.75, m = 1326.25, s, = 77.9995421, sm = 59.985, R = 0.962For a regression model of the form m = a + bv . Find the value of b (the slope) correct to twodecimal places.c. Now calculate a (the intercept) to calculate the regression model.d. Interpreting the value of b, each additional visitor spends £e. Using the equation calculated in part c, estimate the amount of money spent when the numberof visitors to the UK in a month is 2,500,000

Step-by-step procedure to find the regression equation using Excel: In Excel sheet, enter v in one…

Answered: Good Afternoon Can you please solve…

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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Good Afternoon

Can you please solve question d)e) and please check I have c) correct aswell ,I have placed it just below this little explanatory note , if not please correct and show all steps that you used to achieve your awnser.Thank you

Other attached picture is the full question with all data necessary to complete this.

Happy New Year!

this is what I got in awnser c:

The value of intercept a is,

(PLEASE SEE ATTACHED PICTURE FOR EQUATION)

Hence, the regression equation is m = –467.325 + 0.74v.

Questions:

d. Interpreting the value of b, each additional visitor spends £ __________

e. Using the equation calculated in part c, estimate the amount of money spent when the number of visitors to the UK in a month is 2,500,000

a = m - bv
= 1326.25 - (0.74)(2423.75
= -467.325

The table shows data on the number of visitors to the UK in a month, v (1000s), and the amount of
money they spent, m (£ millions), for each of 8 months.
Number of visitors
2450 2480 2540 | 2420 | 2350 | 2290 2400 | 2460
v (1000s)
Amount of money spent 1370| 1350 | 1400 | 1330 | 1270
m (£ millions)
1210 | 1330 1350
The correlation coefficient between m and v is 0.962
a. Give a reason to support fitting a regression model of the form m = a+ bv to these data.
b. Summary statistics are:
v = 2423.75, m = 1326.25, s, = 77.9995421, sm = 59.985, R = 0.962
For a regression model of the form m = a + bv . Find the value of b (the slope) correct to two
decimal places.
c. Now calculate a (the intercept) to calculate the regression model.
d. Interpreting the value of b, each additional visitor spends £
e. Using the equation calculated in part c, estimate the amount of money spent when the number
of visitors to the UK in a month is 2,500,000

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