The data table found below contains the listed prices and weights of the diamonds in 20 rings offered for sale in a newspaper in a foreign city. The prices are in local dollars with the weights in carats. Complete parts (a) through (9) below. Click the icon to view the data table. (Round to three decimal places as needed.) What is the correct interpretation of r2? O A. The value of r? is the standard deviation of the residuals. O B. The value of r? is the fraction of the variation accounted for by the least squares regression line. OC. The value of r? is the fraction of the variation not accounted for by the least squares regression line. O D. The value of r? is the average residual. What is the correct interpretation of s,? O A. The value of s, is the average residual. O B. The value of s̟ is the fraction of the variation accounted for by the least squares regression line. OC. The value of s̟ is the standard deviation of the residuals. O D. The value of se is the fraction of the variation not accounted for by the least squares regression line.

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
Concept explainers
Topic Video
Question

help

The data table found below contains the listed prices and weights of the diamonds in 20 rings offered for sale in a newspaper in a foreign city. The prices are in local dollars with the weights in
carats. Complete parts (a) through (g) below.
O Click the icon to view the data table.
(Round to three decimal places as needed.)
What is the correct interpretation of r2?
O A. The value of r2 is the standard deviation of the residuals.
OB. The value of r2 is the fraction of the variation accounted for by the least squares regression line.
OC. The value of r? is the fraction of the variation not accounted for by the least squares regression line.
O D. The value of r? is the average residual.
What is the correct interpretation of s,?
O A. The value of s, is the average residual.
O B. The value of s, is the fraction of the variation accounted for by the least squares regression line.
OC. The value of se is the standard deviation of the residuals.
O D. The value of s̟ is the fraction of the variation not accounted for by the least squares regression line.
Transcribed Image Text:The data table found below contains the listed prices and weights of the diamonds in 20 rings offered for sale in a newspaper in a foreign city. The prices are in local dollars with the weights in carats. Complete parts (a) through (g) below. O Click the icon to view the data table. (Round to three decimal places as needed.) What is the correct interpretation of r2? O A. The value of r2 is the standard deviation of the residuals. OB. The value of r2 is the fraction of the variation accounted for by the least squares regression line. OC. The value of r? is the fraction of the variation not accounted for by the least squares regression line. O D. The value of r? is the average residual. What is the correct interpretation of s,? O A. The value of s, is the average residual. O B. The value of s, is the fraction of the variation accounted for by the least squares regression line. OC. The value of se is the standard deviation of the residuals. O D. The value of s̟ is the fraction of the variation not accounted for by the least squares regression line.
Weight (carats)
Price (dollars)
0.13
0.25
0.18
0.13
0.30
0.32
0.14
0.39
0.32
0.33
0.39
0.14
0.28
239
691
463
247
909
940
240
1,168
948
953
1,213
311
754
1,164
455
0.37
0.20
0.24
0.39
0.21
622
1,173
538
716
0.26
0.11
202
Transcribed Image Text:Weight (carats) Price (dollars) 0.13 0.25 0.18 0.13 0.30 0.32 0.14 0.39 0.32 0.33 0.39 0.14 0.28 239 691 463 247 909 940 240 1,168 948 953 1,213 311 754 1,164 455 0.37 0.20 0.24 0.39 0.21 622 1,173 538 716 0.26 0.11 202
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Application of Algebra
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.
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