The accompanying values are a set of data for y, the amount of money (in thousands of dollars) contributed to the alumni association at a certain university from a certain graduate class, and x, the number of years following graduation for that class. Complete parts (a) through (c) below. Click the icon to view the contribution data. (a) Fit a regression model of the type μy|x = ẞo +B1×1. ŷ= +()×1 (Round to the nearest integer as needed.) (b) Fit a quadratic model of the type µ×¡× = ß + ß₁×₁ +ß₁1ײ. ŷ= +( )x+() x² (Round the x-coefficient to one decimal place as needed. Round all other constants and coefficients to the nearest integer as needed.) (c) Determine which of the models in (a) or (b) is preferable. Use s², R2, and the PRESS residuals to support the decision. Compute s² for each model. Model Hylx =Bo+B₁x₁ Hyx = Bo+B1x1 +11x s² (Round to the nearest integer as needed.) Contribution Data y x y x 812.48 1 2752.00 11 824.50 2 4391.50 12 1210.50 3 5580.50 1348.00 4 5549.00 1301.00 8 6089.00 15 2566.50 9 5763.00 2529.50 10 8901.00 34567 13 14 16 17
The accompanying values are a set of data for y, the amount of money (in thousands of dollars) contributed to the alumni association at a certain university from a certain graduate class, and x, the number of years following graduation for that class. Complete parts (a) through (c) below. Click the icon to view the contribution data. (a) Fit a regression model of the type μy|x = ẞo +B1×1. ŷ= +()×1 (Round to the nearest integer as needed.) (b) Fit a quadratic model of the type µ×¡× = ß + ß₁×₁ +ß₁1ײ. ŷ= +( )x+() x² (Round the x-coefficient to one decimal place as needed. Round all other constants and coefficients to the nearest integer as needed.) (c) Determine which of the models in (a) or (b) is preferable. Use s², R2, and the PRESS residuals to support the decision. Compute s² for each model. Model Hylx =Bo+B₁x₁ Hyx = Bo+B1x1 +11x s² (Round to the nearest integer as needed.) Contribution Data y x y x 812.48 1 2752.00 11 824.50 2 4391.50 12 1210.50 3 5580.50 1348.00 4 5549.00 1301.00 8 6089.00 15 2566.50 9 5763.00 2529.50 10 8901.00 34567 13 14 16 17
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
Related questions
Question
100%
I need help with this question parts a to c, fill the blanks please. I need a clear answer and make sure to round as required in each part, thanks.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning