Situation: The Ipod Touch has been out for two years nowand a lot of data has been collected.Relevant Relationship:There is a functional relationship between Price of an IPodTouch,p and Weekly Demand,s.Below is a table of data that have been collectedPrice,p,($)Weekly Demand,s,(1,000s)150207170208190194210184230180250175A.. Find the linear model that best fits this data usingregression and enter the model below(for entry round the linear parameter value to nearest 0.01and constant parameter to nearest 1)S = T(p)B. The squared correlation coefficient r² wasSelect an answer 0.95(note: values less than 0.95 MAY mean the model is notappropriate for making predictions)Now answer these two questions using the UNROUNDEDmodel parametersC. What does the model predict will be the weekly demandif the price of an ipod touch is $168 ?(nearest 100)D. According to the model at what should the price be setin order to have a weekly demand of 177,200 ipod Touches?$(nearest $1)Note: In the "real" world Apple sold about 20 million IpodTouch's from Sept. 2007-Sept. 2009 Answer

Approach to solving the question:A. The linear model : s=−0.36𝑝 + 264 B. The squared…

Answered: Situation: The Ipod Touch has been out…

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 General Aviation Manufacturers Association has reported annual flying hours and fuel consumption for airplanes with a single, piston-driven engine as listed in file XR15057. Data are in millions of flying hours and millions of gallons of fuel, respectively. Determine the linear regression equation describing fuel consumption as a function of flying hours, then identify and interpret the slope, the coefficient of correlation, and the coefficient of determination. At the 0.05 level of significance, could the population slope and the population coefficient of correlation be zero? Determine the 95% confidence interval for the population slope Year Hours Gallons 1992 18400000 199100000 1993 17000000 184200000 1994 16400000 177200000 1995 17800000 192600000 1996 17600000 188400000 1997 18300000 196300000
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The table describes weekly usage of an appliance is proportional to its Maintenance expense, is that correct? Use regression model to discuss your answer.
Here is one way in which nature regulates the size of animal populations: high population dehslty attracts predators, which remove a higher proportion of the population than when the density of the prey is low. One study looked at kelp perch and their common predator, the kelp bass. On each of four occasions, the researcher set up four large circular pens on sandy ocean bottoms off the coast of southern California. He randomly assigned young perch to 1 of 4 pens so that one pen had 10 perch, one pen had 20 perch, one pen had 40 perch and the final pen had 60 perch. then he dropped the nets protecting the pens, allowing bass to swarm in, and counted the number of perch killed after two hours. A regression analysis was performed on the 16 data points using x = number of perch in pen and y = proportion of perch killed. Here is a residual plot and a histogram of the residuals. 0,4 - 0.3 0.2 0.1- 0.0 -0.1 - -0.2- -0.3 - -0.4 10 20 30 40 50 60 Number of perch Starnes & Tabor, The Practice of…
Data contains brain mass in different species versus glia-neuron ratio, the latter being a measurement of brain metabolism as the glia provides the metabolic needs of the neurons. The relationship between THE LOGARITHM of the brain mass (in the third column) and Glia-neuron ratio (fourth column) appears linear and it is these two variables that we wish to analyze via linear regression. We would like to know if the human brain fits the trend from the other species. Towards this end we will perform the regression on all species EXCEPT humans (Homo sapiens). Again, throw out the human data from your analysis. You will however need the human numbers for some of the questions. What is the coefficient of determination (R2) for the data? What is the standard error of the slope of the regression line (SEb) ?
Situation: The Ipod Touch has been out for two years now and a lot of data has been collected.Relevant Relationship:There is a functional relationship between Price of an IPod Touch,� and Weekly Demand,�.Below is a table of data that have been collected Price,�,($) Weekly Demand,�,(1,000s) 150 207 170 199 190 198 210 185 230 181 250 169 A.. Find the linear model that best fits this data using regression and enter the model below(for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1)�=�(�)= B. The squared correlation coefficient �2 was 0.95(note: values less than 0.95 MAY mean the model is not appropriate for making predictions)Now answer these two questions using the UNROUNDED model parametersC. What does the model predict will be the weekly demand if the price of an ipod touch is $184 ? (nearest 100)D. According to the model at what should the price be set in order to have a weekly demand of 176,200 ipod Touches? $…
Situation: The Ipod Touch has been out for two years now and a lot of data has been collected.Relevant Relationship:There is a functional relationship between Price of an IPod Touch,p and Weekly Demand,s.Below is a table of data that have been collected Price,p ,($) Weekly Demand,s ,(1,000s) 150 209 170 205 190 200 210 192 230 177 250 175 A.. Find the linear model that best fits this data using regression and enter the model below(for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1)s=T(p)= C. What does the model predict will be the weekly demand if the price of an ipod touch is $172 ? (nearest 100) can you answer these two questions
Situation: The Ipod Touch has been out for two years now and a lot of data has been collected.Relevant Relationship:There is a functional relationship between Price of an IPod Touch,� and Weekly Demand,�.Below is a table of data that have been collected Price,�,($) Weekly Demand,�,(1,000s) 150 217 170 206 190 191 210 185 230 182 250 170 A.. Find the linear model that best fits this data using regression and enter the model below(for entry round the linear parameter value to nearest 0.01 and constant parameter to nearest 1)�=�(�)= B. The squared correlation coefficient �2 was 0.95(note: values less than 0.95 MAY mean the model is not appropriate for making predictions)Now answer these two questions using the UNROUNDED model parametersC. What does the model predict will be the weekly demand if the price of an ipod touch is $219 ? (nearest 100)D. According to the model at what should the price be set in order to have a weekly demand of 171,300 ipod Touches? $…
A grocery store manager did a study to look at the relationship between the amount of time (in minutes) customers spend in the store and the amount of money (in dollars) they spend. The results of the survey are shown below. Time 10 8 6 13 19 18 27 10 7 Money 58 25 41 51 84 81 87 45 15 1. The equation of the linear regression line is: ˆyy^ = ______ +_____ xx (Please show your answers to two decimal places)
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Which of the following statements best describes linear regression? A measure of the degree of dependence between two variables. A statistical technique using pairs of data and identifying a line which ‘best fits’ all of the pairs of observations. A measure of the proportion of changes in the dependent variable which can be explained by a change in the independent variable. Shows individual costs against their associated activity levels but makes no attempt to identify a linear relationship between them.

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