Suppose you a manager for a local car dealership, and you want to use a linearregression model to predict the price of a used car. You decide to use fourpredictor variables - "Age' (how long the car has been in use since it wasproduced), "Dents" (the number of visible dents on the outside of the car),"Accidents" (the number of accidents the car has been in), and "mpg" (the fuelefficiency of the car, measured in miles per gallon). Your dataset contains thisinformation for the past 120 cars sold at your dealership. Using this model, youranalysis finds an R² of 37%. What is the F statistic of your analysis?Note:1- Only round your final answer. Round your final answer to two decimalplaces.

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Answered: Suppose you a manager for a local car…

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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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 = 2.3 + 0.0021 D. %3D (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 400 meters last? ANSWER minutes.
Increase in sales (percent) An advertising firm wishes to demonstrate to its clients the effectiveness of the advertising campaigns it has conducted. The following bivariate data on twelve recent campaigns, including the cost of each campaign (in millions of dollars) and the resulting percentage increase in sales following the campaign, were presented by the firm. Based on these data, we would compute the least-squares regression line to be y = 6.16+0.18x, with x representing campaign cost and y representing the resulting percentage increase in sales. (This line is shown below, along with a scatter plot of the data.) Increase in sales, y Campaign cost, x (in millions of dollars) (percent) 3.02 6.91 7.2+ 1.92 6.80 3.83 6.85 6.8- 1.40 6.37 6.6 - 3.12 6.42 3.56 6.82 6.4- 4.06 6.94 6.2 1.64 6.56 6- 2.06 6.50 1.62 6.18 1.5 2.5 3.5 6.66 Campaign cost (in millions of dollars) 2.87 2.25 6.61 Send data to calculator Based on the firm's data and the regression line, complete the following. (a)…
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0.5 1 2.5 3 4 5 5.5 Overall Grades 98 95 90 79 75 69 66 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Step 3 of 6: Determine if the statement "Not all points predicted by the linear model fall on the…
Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how many patients Dr. Fok has seen each year for the past 10 years. It also indicates what the robbery rate was in New Orleans during the same year. Year Number of Patients Robbery Rate per 1,000 Population The simple linear regression equation that shows the best relationship between the number of patients and the robbery rate is (round your responses to three decimal places) where y Number of Patients and x = Robbery Rate. = 1 2 3 4 6 7 36 33 40 41 55 60 58.3 61.1 73.4 75.7 81.1 89.0 101.1 5 40 8 54 94.8 9 58 103.3 10 61 116.2
If the Pearson correlation between X and Y is negative, then the regression equation will have a negative slope. true or false
If the point representing 64 wins and attendance of 40,786, people per game is removed from the set of data and a new regression analysis is conducted, how would the following be mpacted?
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 = 2.02 + 0.0081 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 400 meters last? ANSWER minutes. Speak
A 1 Demand 2 WN 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 7.38 8.51 9.52 7.50 9.33 8.28 8.75 7.87 7.10 8.00 7.89 8.15 9.10 8.86 8.90 8.87 9.26 9.00 8.75 7.95 7.65 7.27 8.00 8.50 8.75 9.21 8.27 7.67 7.93 9.26 B PriceDif -0.05 0.25 0.60 0.00 0.25 0.20 0.15 0.05 -0.15 0.15 0.20 0.10 0.40 0.45 0.35 0.30 0.50 0.50 0.40 -0.05 -0.05 -0.10 0.20 0.10 0.50 0.60 -0.05 0.00 0.05 0.55 C
Imagine that you, a social psychologist, study people living with HIV. You are interested in the relationship between viral load, the amount of HIV in a sample of blood, and perceived stigma, the amount people with HIV perceive others to hold stigmatizing views about their condition. You have 100 people with HIV complete a perceived stigma scale, as well as provide a sample of blood, so their viral load can be measured. You run a regression analysis using the data you’ve collected to see whether perceived stigma can be predicted based on viral load. The output from the analysis is presented below: How much does the estimate of perceived stigma change if viral load increases by one unit?
If the estimated intercept of the regression equation is negative, we can say the estimated correlation coefficient between the two variables is also negative. O True O False
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0.5 1 1.5 2.5 3 3.5 4.5 Overall Grades 97 96 88 83 77 70 63 Find the value of the coefficient of determination. Round your answer to three decimal places.
A county real estate appraiser wants to develop a statistical model to predict the appraised value of houses in a section of the county called East Meadow. One of the many variables thought to be an important predictor of appraised value is the number of rooms in the house. Consequently, the appraiser decided to fit the simple linear regression model, y = b₁x + bowhere y = appraised value of the house (in $thousands) and x = number of rooms. Using data collected for a sample of n=74 houses in East Meadow, the following results were obtained: y=74.80+ 17.80x Give a practical interpretation of the estimate of the slope of the least squares line. For each additional room in the house, we estimate the appraised value to increase $74,800. 1000 For each additional dollar of appraised value, we estimate the number of rooms in the house to increase by 17.80 rooms. For a house with 0 rooms, we estimate the appraised value to be $74,800. For each additional room in the house, we estimate the…

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