It is believed that the annual repair cost for the sporty automobile Jeep is related to its age. A sample of 11 automobiles revealed the results in the table at the right. Car age (xi) 2 3 1 7 5 8 1 2 6 9 4 Repair cost (yi) in £ 72 99 65 138 67 140 83 101 170 121 114 Define the terms regression and correlation analysis

It is believed that the annual repair cost for the sporty automobile Jeep is related to its age. A sample of 11 automobiles revealed the results in the table at the right. Car age (xi) 2 3 1 7 5 8 1 2 6 9 4 Repair cost (yi) in £ 72 99 65 138 67 140 83 101 170 121 114 Define the terms regression and correlation analysis

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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Question

It is believed that the annual repair cost for the sporty automobile Jeep is related to its age. A sample of 11 automobiles revealed the results in the table at the right.

Car age (x_i)	2	3	1	7	5	8	1	2	6	9	4
Repair cost (y_i) in £	72	99	65	138	67	140	83	101	170	121	114

Define the terms regression and correlation analysis .

From the simple linear model ,y= a + bx ,determine parameters a and b

Definition Definition Relationship between two independent variables. A correlation tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

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