Several bakeries in a town were asked the price for different amounts of donuts at their shop. The scatter plot withTotal Cost (in dollars)876543 ~ TO00 1Donut Pricing2 3 45Number of Donuts6 7 8line of best fit was created from the data gathered.Part A: Estimate the correlation coefficient. Explain your reasoning for the given value.Part B: How many positive and negative residuals are there? Explain your reasoning.Part C: State the point with the largest absolute value residual and interpret the point in terms of the context of the data.

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Answered: Several bakeries in a town were asked…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The value of a certain car when it was brand new with 0 mileage was $17,000 but the value dropped to $4,000 when the car acounulated 80,000 miles shown in the scatter plot below. Car's Mleage and Value S17.000 $2,000 Mileage Based on the data in the scatter plot, at what mileage was the car worth about $12,000? O 20,000 miles O 30,000 miles O 60,000 miles O 80,000 miles
The cost of a leading liquid laundry detergent in different sizes is given below Size (ounces) Cost ($) 16 3.99 32 4.99 64 5.99 200 10.99 A. Write a brief description of the association.B. What is the strength of the relationship between the size of the laundry detergent and the cost? Use the correlation coefficient in your explanation.C. State the model for the size of the laundry detergent and the cost.D. Interpret the slope of your model in context.E. Interpret the intercept of your model in context. F. In the context of the problem is it better to have a positive or negative residual. Explain. G. Use the linear model to predict the cost of 300 ounces of laundry detergent.
I need correlation coefficient ,test statistic , p value & conclusion pls help I need in an hour
For a set of correlated data, you calculate that the correlation coefficient (r) is -0.87. What percent of the variation in the dependent variable is explained by variation in the independent variable? D2L requires decimal format. Convert your percentage to a decimal rounded to the third place. i.e. 51.2218% = 0.512.
Chuck has noticed over the last several years that as he gets older, he also gets more politically conservative. What is the correlation between his age and his conservative leanings?Positive Negative Impossible to Determine ( don't hand writing solution)
Using your favorite statistics software package, you generate a scatter plot with a regression equ correlation coefficient. The regression equation is reported as y = -11.24x +34.27 and the r = -0.47. What proportion of the variation in y can be explained by the variation in the values of x? r² = % Report answer as a percentage accurate to one decimal place. Submit Question
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Please explain simply. Thanks.
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
Assume that you have paired values consisting of heights (in inches) and weights (in lb) from 40 randomly selected men. The linear correlation coefficient r is 0.567. Find the value of the coefficient of determination. What practical information does the coefficient of determination provide? Question content area bottom Part 1 Choose the correct answer below. A. The coefficient of determination is 0.321. 32.1% of the variation is explained by the linear correlation, and 67.9% is explained by other factors. B. The coefficient of determination is 0.679. 67.9% of the variation is explained by the linear correlation, and 32.1% is explained by other factors. C. The coefficient of determination is 0.321. 67.9% of the variation is explained by the linear correlation, and 32.1% is explained by other factors. D. The coefficient of determination is 0.679. 32.1% of the variation is explained by the linear correlation, and 67.9% is…
We give the total variation, the unexplained variation (SSE), and the least squares point estimate b1 . Total variation = 13.459; SSE = 2.806; b1 = 2.6652 Click here for the Excel Data File Using the information given, find the explained variation, the simple coefficient of determination (r2), and the simple correlation coefficient (r). Interpret r2. (Round your answers to 3 decimal places. Round your percent to 1 decimal place.) Explained variation r2 r % of the variation in demand can be explained by variation in price differential.
Use the following to answer the question: ˆy=−4x+10.3 with R2=35%. Which best describes the correlation? Weak negative linear relationship Weak positive linear relationship Moderate negative linear relationship No linear relationship Moderate positive linear relationship

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