Management proposed the following regression model to predict sales at a fast-food outlet.y = Bot Bixit ByxtBox tewhereX₁ = number of competitors within one mileX₂= population within one mile (1000s)1 if drive-up window present(0 otherwisey sales ($1000s)X₂ =The following estimated regression equation was developed after 20 outlets were surveyed.ŷ= 10.7-4.61 +6.722 +15.7x3a. What is the expected amount of sales attributable to the drive-up window?$b. Predict sales for a store with two competitors, a population of 9,000 within one mile, and no drive-up window.Estimate of sales = $1c. Predict sales for a store with one competitor, a population of 3,000 within one mile, and a drive-up window.Estimate of sales $

Given data: The multiple regression equation is: ŷ =10.7–4.6x1+6.7x2+15.7x3 where x1=number of…

Answered: Management proposed the following…

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 following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is ŷ = 21.656 + 0.333x, where x = price ($) and y = overall score. Brand Price ($) Score A 180 76 B 150 73 95 61 70 54 E 70 42 35 24 (a) Compute SST, SSR, and SSE. (Round your answers to three decimal places.) SST = SSR = SSE = (b) Compute the coefficient of determination r. (Round your answer to three decimal places.) 12 = Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) O The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line. O The least squares line provided a good fit as a small proportion of the variability in y…
The following multiple linear regression depicts the sales of Unilever Corporation: S = 10- 0.20P + 0.06TA + 0.08RA Where:S: Sales (Unit);P: Price ($/Unit);TA: Television advertising ($)RA: Radio advertising ($). 1. Interpret the slopes;2. Is television advertising more effective than radio advertising? Why or why not?3. What is the effect of a $1 increase in price, a $3 increase in TV advertising, and a $2decrease in radio advertising on sales?4. What is the effect of a $2 decrease in price, a $2 decrease in TV advertising, and a $4increase in radio advertising on sales?
A real estate company wants to study the relationship between house sales prices and some important predictors of sales prices. Based on data from recently sold homes in the space, the following variables are used in a multiple regression model. y = sales price (in thousands of dollars) x₁ = total floor area (in square feet) x₂ = number of bedrooms x3 distance to nearest high school (in miles) = The estimated model is as follows. =76+0.098x₁ +16x₂ - 8x3 Answer the questions below for the interpretation of the coefficient of X₂ in this model. (a) Holding the other variables fixed, what is the average change in sales price for each additional bedroom in a house? dollars (b) Is this change an increase or a decrease? O increase O decrease X
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY = -3.14 +0.816HWY was previously determined to be the best for predicting city fuel consumption. A car weighs 2740 lb, it has an engine displacement of 1.5 L, and its highway fuel consumption is 40 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? Is that predicted value likely to be very accurate? Click the icon to view the table of regression equations. Regression Table The best predicted value of the city fuel consumption is (Type an integer or a decimal. Do not round.) Predictor (x) Variables WT/DISP/HWY WT/DISP WT/HWY DISP/HWY WT DISP HWY P-Value R² 0.000 0.943 0.000 0.748 0.000 0.942…
The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x 1) and newspaper advertising (x 2). The estimated regression equation was Weekly Gross Revenue ($1000s) Televison Advertising ($1000s) Newspaper Advertising ($1000s) 97 6 1.5 91 3 2 95 5 2.5 93 3.5 2.5 96 4 4.3 94 4.5 2.3 95 3.5 4.2 95 4 3.5 ŷ = 82.5 + 2.01 x 1 + 1.26 x 2The computer solution provided SST = 24 and SSR = 22.876. Compute R 2 and R a 2 (to 3 decimals). R 2 R a 2 When television advertising was the only independent variable, R 2 = 0.551 and R a 2 = 0.476. Are the multiple regression analysis results preferable?
The number of megapixels in a digital camera is one of the most important factors in determining picture quality. But, do digital cameras with more megapixels cost more? The following data show the number of megapixels and the price ($) for 10 digital cameras(Consumer Reports, March 2009). Use these data to develop an estimated regression equation that can be used to predict the price of a digital camera given the number of megapixels. Brand and Model Megapixels Price (S) Canon PowerShot SD1100 IS Casio Exilim Card EX-510 8 180 200 230 10 Sony Cyber-shot DSC-T70 Pentax Optio M50 Canon PowerShot G10 120 470 15 8 Canon PowerShot A590 IS Canon PowerShot El 140 180 10 12 Fujifilm FinePix FOOFD Sony Cyber-shot DSC-W170 Canon PowerShot A470 310 10 250 110
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY = -3.14 +0.818HWY was previously determined to be the best for predicting city fuel consumption. A car weighs 2760 lb, it has an engine displacement of 2.2 L, and its highway fuel consumption is 34 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? Is that predicted value likely to be very accurate? Click the icon to view the table of regression equations. The best predicted value of the city fuel consumption is (Type an integer or a decimal. Do not round.) Regression Table Predictor (x) Variables P-Value R² Adjusted R² WT/DISP/HWY WT/DISP WT/HWY DISP/HWY 0.000 0.943 0.000 0.747 0.000 0.941…
For the provided data, develop a regression model for overall satisfaction as a function of years of service and department that has the largest R. Note that the categorical variable department has multiple levels and will require the use of multiple dummy variables. Which department, if any, has the highest impact on roduction satisfaction? Production Production E Click the icon to view the job satisfaction data. Determine the regression model for overall satisfaction as a function of years of service and department that has the largest R. Let "Administrative" be the baseline department, let X, represent Maintenance, let X, represent Management, let X, represent Production, let X, represent Quality Control, and let Xg represent Shipping / Receiving, coding each department variable with a 1 if the person is in that department and 0 otherwise. In addition, let Xe represent Years. Enter the terms of the equation so that the X-values are in ascending numerical order by base. Select the…
The sweetness, y, of the fruit is supposed to be related to the average daily sunshine hours, x. The following data shows the sweetness of the same type of fruit at different locations (sunshine hours). Fit the data to a simple linear regression model. x: 5, 6, 7, 6, 6, 8, 7, 5. y: 9, 10, 10, 11, 12, 13, 12, 8. Predict the true mean sweetness for average daily hours of 8 hours, and calculate the residual for average daily sunshine hours of 8 hours.
The following data show the brand, price (S), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is ý = 22.522 + 0.335x, where x = price ($) and y = overall score. Brand Price ($) Score A 180 78 B 150 73 95 63 70 58 E 70 38 35 26 (a) Compute SST, SSR, and SSE. (Round your answers to three decimal places.) SST = SSR = SSE = (b) Compute the coefficient of determination rt. (Round your answer to three decimal places.) 12 = Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) O The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line. O The least squares line did not provide a good fit as a small proportion of the variability in y…
The accompanying data are the caloric contents and the sugar contents (in grams) of 11 high-fiber breakfast cereals. Find the equation of the regression line. Then construct a scatter plot of the data and draw the regression line. Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. If the x-value is not meaningful to predict the value of y, explain why not. Calories, x Sugar, y 140 6 200 10 160 6 160 9 170 10 180 16 190 13 210 18 190 19 170 10 170 10 The equation of the regression line is ŷ = ______ x + ______ (Round the slope to three decimal places as needed. Round the y-intercept to two decimal places as needed.) (a) x = 150 cal, (b) x = 90 cal, (c) x = 175 cal, (d) x = 208 cal…
2. The table below lists the annual land-line phone cost per costumer: Year 2012 2013 2014 2015 Cost ($) a. 692 610 Find a linear regression model for this data b. Interpret the slope of the model 580 C. Predict the annual land-line phone cost per customer in 2022 495 2016 434

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