Question: Outside Magazine tested 10 different models of day hikers and backpacking boots. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper support and rating of 5 denoting excellent upper support (Outside Magazine Buyer's Guide, 2001). Manufacturer and Model Upper Support Price (S) Salmon Super Raid 2 120 Merrell Chameleon Prime 3 125 Teva Challenger 130 Vasque Fusion GTX 3 135 Boreal Maigmo 3 150 L.L. Bean GTX Super Guide 5 189 Lowa Kibo 5 190 Asolo AFX 520 GTX 4 195 Raichle Mt. Trail GTX 200 Scarpa Delta SL M3 5 220 a. Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating. b. At the .05 level of significance, determine whether upper support and price are related. c. Would you feel comfortable using the estimated regression equation developed in part (a) to estimate the price for a day hiker or backpacking boot given the upper support rating? d. Estimate the price for a day hiker with an upper support rating of 4.
Question: Outside Magazine tested 10 different models of day hikers and backpacking boots. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper support and rating of 5 denoting excellent upper support (Outside Magazine Buyer's Guide, 2001). Manufacturer and Model Upper Support Price (S) Salmon Super Raid 2 120 Merrell Chameleon Prime 3 125 Teva Challenger 130 Vasque Fusion GTX 3 135 Boreal Maigmo 3 150 L.L. Bean GTX Super Guide 5 189 Lowa Kibo 5 190 Asolo AFX 520 GTX 4 195 Raichle Mt. Trail GTX 200 Scarpa Delta SL M3 5 220 a. Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating. b. At the .05 level of significance, determine whether upper support and price are related. c. Would you feel comfortable using the estimated regression equation developed in part (a) to estimate the price for a day hiker or backpacking boot given the upper support rating? d. Estimate the price for a day hiker with an upper support rating of 4.
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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