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- A hardware retailer wants to know the demand for a rechargeable power drill as a function of price. The ordered pairs (25, 82), (30, 75), (35, 67), and (40, 55) represent the price x (in dollars) and the corresponding monthly sales y.(a) Find the least squares regression line for the data.(b) Estimate the demand when the price is $32.95.You are the Filipino analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. You used regression analysis to predict $ sales (y) by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2 If the advertising budgets of one of the branches of the corporation is the same as before and the salary of sales representatives is now 20% less than before, then the predicted sales in that branch will decrease no sufficient information to determine remain the same increaseQ: The US Box Office Gross profit was recorded for the first eleven weekends after the release of a major motion picture. For the dataset posted below this question, construct a scatterplot with the weekend as the horizontal axis and US Gross (in millions of dollars) as the vertical axis. Conduct an analysis of the Residuals using the Data Analysis ToolPak Regression tool. Comment on whether the assumptions of linear regression have been met. (Please solve this in Excel) Weekend US Gross (millions $) 1 47.7 2 25 3 11.35 4 7 5 4.68 6 3.02 7 1.34 8 0.72 9 0.49 10 0.31 11 0.2
- Use the p-value criterion to find the best model for predicting the number of points scored per game by football teams using the accompanying National Football League Data. Does the model make logical sense? Click the icon to view the National Football Leaque Data. Determine the best multiple regression model. Let X, represent Rushing Yards, let X, represent Passing Yards, let X, represent Penalties, let X, represent Interceptions, and let Xg represent Fumbles. Enter the terms of the equation so that the Xy-values are in ascending numeral order by base. Select the correct choice below and fill in the answer boxes within your choice. (Type an integer or decimal rounded to three decimal places as needed.) O A. Points/Game = O B. Points/Game = Oc. Points/Game = OD. Points/Game = + ( DX Points/Game = O E.The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 90% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,603 thousand barrels per day. The equation of the regression line is Oil produced,x Oil imported, y -1117x+ 15,844.101. 5,158 5,093 5,008 10,026 5,822 5.724 5,651 5,449 9,328 9,131 9,667 10,088 10,145 10,199 Construct and interpret a 90% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,603 thousand barrels per day Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. There is a 90% chance that the predicted amount of oil imported is between thousand barreis, when there are…you are the Filipino analyst hired by the multinational company to study the sales data of its more than 75 stores worldwide. You used regression analysis to predict $ sales by using $ advertising (x1) and $ salary of sales representatives (x2) across all the branches. You obtained the following regression function: y = 7800 + 8.5x1-1.6x2 If the advertising budgets of one of the branches of the corporation is the same as before and the salary of sales representatives is now 20% less than before, then the predicted sales in that branch will
- A wildlife biologist has spent the past 5 years studying the relationship between the length (inches) and the average weight (lb) of the striped bass. His results are summarized in the table below. Length (inches) 14 18 22 26 Weight (lb) 3 |11 14 Find the least squares regression line y = ax + b for the data in the table, where x represents the length of the fish in inches and y represents the weight in pounds. Use this regression line to estimate the average weight of a striped bass that is 21 inches in length. Oy=0.75(21) - 9.5 = 6.25 lb O y = 0.65(21) - 10.5 = 3.15 lb y = 0.95(21) - 10.5 = 9.45 lb y = 0.95(21)-8.5 = 11.45 lb y = 0.85(21) 12.5 = 5.35 lbA 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 XThe table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) mported by a country, for the last seven years. Construct and interpret a 95% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,508 thousand barrels per day. The equation of the regression line is y = - 1.120x + 15,839.271. Oil produced, x 5,684 5,654 5,452 5,157 5,061 5,030 5,826 9,680 10,041 10,154 10,121 10,060 Oil imported, y 9,304 9,105 Construct and interpret a 95% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,508 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) and O A. We can be 95% confident that when the amount of oil produced is 5,508 thousand barrels, the…
- Explain the Theory of Linear Regression with One Regressor?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?3- Find the equation of the regression line and find the y_ value for the specified x value. Calories and Cholesterol Calories and cholesterol are as follows: Calories X 390 535 720 300 430 500 440 Cholesterol y 43 45 80 50 55 52 60 Find y-hat when x = 600 calories. LO LO
