Homework Help is Here – Start Your Trial Now!
Math
Statistics
Step 5 and 6 please

Step 5 and 6 please

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
Question
Step 5 and 6 please
Price in Dollars 31 38 42 44 46 Number of Bids 3 4 6 79 Summation Table x2 y2 y ху 93 Bid 1 31 3 961 9. Bid 2 38 4 152 1444 16 Bid 3 42 6 252 1764 36 Bid 4 44 7 308 1936 49 Bid 5 46 9 414 2116 81 Sum 201 29 1219 8221 191 Step 1. Find the estimated slope. Round your answer to three decimal places. Answer: O. 3 78 Step 2. Find the estimated y-intercept. Round your answer to three decimal places. -9.389 Answer: Step 3. Determine the value of the dependent variable ŷ at x = 0. A) bo -9.389204 + 0. 3 77 8 40 x B) b1 C) x D) y
Transcribed Image Text:Price in Dollars 31 38 42 44 46 Number of Bids 3 4 6 79 Summation Table x2 y2 y ху 93 Bid 1 31 3 961 9. Bid 2 38 4 152 1444 16 Bid 3 42 6 252 1764 36 Bid 4 44 7 308 1936 49 Bid 5 46 9 414 2116 81 Sum 201 29 1219 8221 191 Step 1. Find the estimated slope. Round your answer to three decimal places. Answer: O. 3 78 Step 2. Find the estimated y-intercept. Round your answer to three decimal places. -9.389 Answer: Step 3. Determine the value of the dependent variable ŷ at x = 0. A) bo -9.389204 + 0. 3 77 8 40 x B) b1 C) x D) y
Step 4. Find the estimated value of y when x = 42. Round your answer to three decimal places. Answer:6,480 Step 5. Substitute the values you found in steps 1 and 2 into the equation for the regression line to find the estimated linear model. According to this model, if the value of the independent variable is increased by one unit, then find the change in the dependent variable ý. Answer: Step 6. Find the value of the coefficient of determination. Round your answer to three decimal places. Answer:
Transcribed Image Text:Step 4. Find the estimated value of y when x = 42. Round your answer to three decimal places. Answer:6,480 Step 5. Substitute the values you found in steps 1 and 2 into the equation for the regression line to find the estimated linear model. According to this model, if the value of the independent variable is increased by one unit, then find the change in the dependent variable ý. Answer: Step 6. Find the value of the coefficient of determination. Round your answer to three decimal places. Answer:
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS