The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY = - 3.15 + 0.818HWY was previously determined to be the best for predicting city fuel consumption. A car weighs 2790 lb, it has an engine displacement of 1.4 L, and its highway fuel consumption is 37 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? is that predicted value likely to be very accurate? E Click the icon to view the table of regression equations. The best predicted value of the city fuel consumption is (Type an integer or a decimal. Do not round.) The predicted value V likely to be a good estimate and V likely to be very accurate because

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question
### Regression Analysis Summary

This table presents the results of multiple regression analyses using different predictor variables to model the target variable "CITY."

| Predictor (x) Variables | P-Value | R²   | Adjusted R² | Regression Equation                                        |
|-------------------------|---------|------|-------------|------------------------------------------------------------|
| WT/DISP/HWY             | 0.000   | 0.942| 0.932       | CITY = 6.88 - 0.00129WT - 0.253DISP + 0.651HWY             |
| WT/DISP                 | 0.000   | 0.747| 0.719       | CITY = 37.7 - 0.00161WT - 1.27DISP                         |
| WT/HWY                  | 0.000   | 0.942| 0.936       | CITY = 6.67 - 0.00161WT + 0.669HWY                         |
| DISP/HWY                | 0.000   | 0.935| 0.928       | CITY = 1.81 - 0.627DISP + 0.705HWY                         |
| WT                      | 0.000   | 0.712| 0.697       | CITY = 42.2 - 0.00670WT                                    |
| DISP                    | 0.000   | 0.658| 0.640       | CITY = 29.4 - 2.98DISP                                     |
| HWY                     | 0.000   | 0.924| 0.920       | CITY = - 3.15 + 0.818HWY                                   |

### Explanation of Metrics:

- **P-Value**: Indicates the statistical significance of the model. A P-value of 0.000 suggests high significance.
- **R² (R-Squared)**: Represents the proportion of the variance for the target variable that's explained by the predictors. Higher values indicate a better fit.
- **Adjusted R²**: Adjusts the R² value based on the number of predictors, providing a more accurate measure in models with multiple variables.
- **Regression Equation**: Shows the mathematical relationship between the predictors and the target variable, CITY. The coefficients of the predictors indicate their respective impact.

### Observations:

1. **WT/DISP/HWY
Transcribed Image Text:### Regression Analysis Summary This table presents the results of multiple regression analyses using different predictor variables to model the target variable "CITY." | Predictor (x) Variables | P-Value | R² | Adjusted R² | Regression Equation | |-------------------------|---------|------|-------------|------------------------------------------------------------| | WT/DISP/HWY | 0.000 | 0.942| 0.932 | CITY = 6.88 - 0.00129WT - 0.253DISP + 0.651HWY | | WT/DISP | 0.000 | 0.747| 0.719 | CITY = 37.7 - 0.00161WT - 1.27DISP | | WT/HWY | 0.000 | 0.942| 0.936 | CITY = 6.67 - 0.00161WT + 0.669HWY | | DISP/HWY | 0.000 | 0.935| 0.928 | CITY = 1.81 - 0.627DISP + 0.705HWY | | WT | 0.000 | 0.712| 0.697 | CITY = 42.2 - 0.00670WT | | DISP | 0.000 | 0.658| 0.640 | CITY = 29.4 - 2.98DISP | | HWY | 0.000 | 0.924| 0.920 | CITY = - 3.15 + 0.818HWY | ### Explanation of Metrics: - **P-Value**: Indicates the statistical significance of the model. A P-value of 0.000 suggests high significance. - **R² (R-Squared)**: Represents the proportion of the variance for the target variable that's explained by the predictors. Higher values indicate a better fit. - **Adjusted R²**: Adjusts the R² value based on the number of predictors, providing a more accurate measure in models with multiple variables. - **Regression Equation**: Shows the mathematical relationship between the predictors and the target variable, CITY. The coefficients of the predictors indicate their respective impact. ### Observations: 1. **WT/DISP/HWY
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY = −3.15 + 0.818(HWY) was previously determined to be the best for predicting city fuel consumption. A car weighs 2790 lb, it has an engine displacement of 1.4 L, and its highway fuel consumption is 37 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? Is that predicted value likely to be very accurate?

[Table icon] Click the icon to view the table of regression equations.

The best predicted value of the city fuel consumption is [Text Box] [Dropdown].

(Type an integer or a decimal. Do not round.)

The predicted value [Dropdown] likely to be a good estimate and [Dropdown] likely to be very accurate because [Text Box].
Transcribed Image Text:The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY = −3.15 + 0.818(HWY) was previously determined to be the best for predicting city fuel consumption. A car weighs 2790 lb, it has an engine displacement of 1.4 L, and its highway fuel consumption is 37 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? Is that predicted value likely to be very accurate? [Table icon] Click the icon to view the table of regression equations. The best predicted value of the city fuel consumption is [Text Box] [Dropdown]. (Type an integer or a decimal. Do not round.) The predicted value [Dropdown] likely to be a good estimate and [Dropdown] likely to be very accurate because [Text Box].
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
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.
Similar questions
  • SEE MORE QUESTIONS
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