Suppose that for a typical FedEx package delivery, the cost of the shipment is a function of the weight of the package measured in ounces. You want to try to predict the cost of a typical shipment given package dimensions. If 10 packages in a city are sampled and the regression output is given below, report the regression equation.1) (cost of delivery) = 1.468*(weight) - 23.015 2) (weight) = -23.015*(cost of delivery) + 1.468 3) (cost of delivery) = -23.015*(weight) + 1.468 4) (cost of delivery) = 1.468*(weight) 5) (weight) = 1.468*(cost of delivery) - 23.015 PredictorConstantweights = 3.971Analysis of VarianceSOURCERegressionErrorTotalCoef-23.0151.468Stdev11.25530.4674R-sq = 55.24%DF189SS155.7126.2281.8t-ratio-2.043.14рMS155.715.80.07510.0138R-sq (adj) = 49.64%F9.87p0.0138

The coefficients of intercept and slope are -23.015 and 1.468 respectively.

Answered: Suppose that for a typical FedEx…

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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Suppose that for a typical FedEx package delivery, the cost of the shipment is a function of the weight of the package measured in ounces. You want to try to predict the cost of a typical shipment given package dimensions. If 10 packages in a city are sampled and the regression output is given below, report the regression equation.