Effects on Selling Price of HousesSquare FeetNumber of BedroomsAge Selling Price2683310710018894212400260248293400190520220028514611540019161430460019207153900163482635001258413189500Copy DataStep 2 of 2: Determine if a statistically significant linear relationship exists between the independent and dependent variables at the 0.05 level of significance. If therelationship is statistically significant, identify the multiple regression equation that best fits the data, rounding the answers to three decimal places. Otherwise,indicate that there is not enough evidence to show that the relationship is statistically significant.AnswerE TablesE KeypadHow to enter your answer (opens in new window)Keyboard ShortcutsPrevious Step AnswerSelecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.|X2 +O There is not enough evidence.X3

Answered: Image /qna-images/answer/ec947111-4584-40fe-b474-ae49c97cc21b.jpg

Answered: Step 2 of 2: Determine if a…

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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Similar questions

If the R-squared for a regression model relating the outcome y to an explanatory variable x is 0.9. This implies that there is a positive linear relationship between y and x. True or false?
During the 1950's and 1960's the average weight of vehicles sold in the U.S. was well over 4,000 pounds. There was a dip in the average weights in the 1970's and 1980's, due possibly to both higher demand for better gas mileage and a world-wide shortage of crude oil. Then in the 1990's and early 2000's the average weight of vehicles had a steady increase. A regression analysis was completed on the average weight of the 10 most commonly sold vehicles in the U.S. from the years 2012 through the year 2020 and yielded the following results, where the independent variable is the year and the predicted variable is the average weight of the 10 most popular vehicles. Correlation of "Average Weight" and "Year" = r = 0.9283 The regression equation is "Average Weight" = –124,960.73 + 63.82(Year) Predict the Average Weight to the nearest pound for the 2022 Year. Group of answer choices A. 4057 pounds B. 4015 pounds C. This value of Year is beyond the scope of the…
Nine data points of data yield r=0.867 and the regression equation y=19.4+0.93x. Also, y=64.7. What is the best predicted value of y for x=40?
You have gathered data from a random sample of fast-food sandwiches in order to better understand how the amount of fat in these sandwiches relates to the amount of carbohydrates in the sandwiches. Your ultimate goal is to construct a regression equation to predict amount of carbohydrates based on amount of fat. If this is your goal, which variable should you put on the vertical axis (or y-axis) of a scatterplot of this data? O When conducting a regression analysis, it makes no difference which variable is on which axis. O Amount of fat, because it is the explanatory variable. O Amount of carbohydrates, because it is the explanatory variable. Amount of carbohydrates, because it is the response variable. O Amount of fat, because it is the response variable.
Write out the regression equation based on the output. What happens to exam performance with every increase in exam anxiety and what do you notice about the standardized regression coefficient (Beta) and the correlation?
A financial website reported the beta value for a certain company was 0.86. Betas for individual stocks are determined by simple linear regression. The dependent variable is the total return for the stock, and the independent variable is the total return for the stock market, such as the return of a market index. The slope of this regression equation is referred to as the stock's beta. Many financial analysts prefer to measure the risk of a stock by computing the stock's beta value. Suppose the following data show the monthly percentage returns for the market index and the company for a recent year. Month Market Index% Return Company% Return August -3 4 September 8 7 October 0 1 November -2 1 December -5 0 January 0 0 February 7 7 March 0 -2 April 2 0 May -5 -1 a. Develop the least squares estimated regression equation. (Let x = Market Index % Return (as a %), and let y = Company % Return (as a %). Round your numerical values to four decimal places.)
A study of king penguins looked for a relationship between how deep the penguins dive to seek food and how long they stay underwater. For all but the shallowest dives, there is a linear relationship that is different for different penguins. The study report gives a scatterplot for one penguin titled " The relation of dive duration (DD) to depth (D)." Duration DD is measured in minutes and depth D is in meters. The report then says, " The regression equation for this bird is: DD = 2.33 + 0.001 D. (a) What is the slope of the regression line?. ANSWER ? minutes per meter. (b) According to the regression line, how long does a typical dive to a depth of 100 meters last? ANSWER ? minutes.
In a fisheries researchers experiment the correlation between the number of eggs in tge nest and the number of viable (surviving ) eggs for a sample of nests is r=0.67 the equation of the regression line for number of viable eggs y versus number of eggs in the nest x is y =0.72x + 17.07 for a nest with 140 eggs what is the predicted number of viable eggs ?
The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives the value and the annual revenue for 15 major sport teams. Suppose you want to develop a simple linear regression model to predict franchise value based on annual revenue generated.
The police chief believes that maintenance costs on high-mileage police vehicles are much higher than those costs for low-mileage vehicles. If high-mileage vehicles are costing too much, it may be more economical to purchase more vehicles. An analyst in the department regresses yearly maintenance costs (Y) for a sample of 200 police vehicles on each vehicle’s total mileage for the year (X). The regression equation finds: Y = $50 + .030X with a r2 of .90 If a vehicle’s mileage for the year is 50,000, what is its predicted maintenance costs? What does an r2 of .90 tell us? Is this a strong or weak correlation? How can you tell?
The data point height=175 cm, height =80 cm was misrecorded as height=145 cm, height =80 cm. If we use the simple linear regression and do not correct the mistake, what is the impact of this point on the model?

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