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
icon
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.

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.)
Transcribed Image Text: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
Transcribed Image Text: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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning