The following data relate the sales figures of the bar in Mark Kaltenbach's small bed-and-breakfast inn in Portland, to the number of guests registeredthat week:Week1234Guests16121814Bar Sales$340$265$390$315a) The simple linear regression equation that relates bar sales to number of guests (not to time) is (round your responses to one decimal place):Bar Sales+xguestsb) If the forecast is 24 guests next week, the bar sales are expected to be $ (round your response to one decimal place).

The question is about regression.Given :To find :a ) Linear regression equation.b ) The expected bar…

Answered: The following data relate the sales…

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 university would like to examine the linear relationship between a faculty member's performance rating (measured on a scale of 1-20) and his or her annual salary increase. The table to the right shows these data for eight randomly selected faculty members. Complete parts a and b.
Given the values in the following table, what is the slope - intercept form of the data? 4 -2 1 4 O y 3x- 8 Oy=-3x+ 8 Oy 3x - 6 O y = 5x + 9
In order for applicants to work for the foreign-service department, they must take a test in the language of the country where they plan to work. The data below shows the relationship between the number of years that applicants have studied a particular language and the grades they received on the proficiency exam. Find the equation of the regression line for the given data. Number of years, x 4 4 3 6 2 7 3 Grades on test, y 61 68 75 82 73 90 58 93 72 滷 O A. =6.910x+46.261 O B. y = 46.261x+6.910 OC. v=6.910x-46.261 OD. O D. y = 46.261x -6.910 Fi St 5e Assig
A researcher that there is a linear association between the level of potassium content (y) in milligrams and the amount of fiber (x) in grams in cereal. The regression line for the data is computed to y=37+28x rate. It was also computed that r=.59 A. What does the value . 59 tell you? B. What does the value 37 tell you? C. What does the value 28 tell you ? 2. For the line in question 1 what percentage of variability in potassium can be explained by variability in fiber?
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The arm span and foot length were both measured (in centimeters) for each of 20 students in a biology class. The computer output displays the regression analysis. Which of the following is the best interpretation of the coefficient of determination r2? About 37% of the variation in arm span is accounted for by the linear relationship formed with the foot length. About 65% of the variation in foot length is accounted for by the linear relationship formed with the arm span. About 63% of the variation in arm span is accounted for by the linear relationship formed with the foot length. About 63% of the variation in foot length is accounted for by the linear relationship formed with the arm span.
Use the following information to answer the question. The following linear regression model can be used to predict ticket sales at a popular water park. Ticket sales per hour = -631.25 + 11.25(current temperature in °F) What is the predicted number of tickets sold per hour if the temperature is 86°F? Round to the nearest whole ticket. O About 336 tickets O About 252 tickets O About 276 tickets About 301 tickets
For nine months, Joan observes the average daily gas consumption for her house and the corresponding average temperature that month. She gets the following scatterplot (with regression line equation presented and drawn in): After collecting the data, Joan had insulation installed in her home. The next month, the average temperature was 30 and her home (with insulation) consumed 682 gas daily. Approximately how much gas did the insulation save her daily that month? Which of the terms does apply to the relationship between temperature and gas consumed?
Below is the output from regression. Use the p-value and decide if the equation is good to use for forecasting. Group of answer choices A.) p-value = 82 - equation is good to use B.) p-value = 0.15 - equation is not good to use C.) p-value = 0.18 - equation is not good to use D.) p-value = -16 - equation is good to use
A. Develop an estimated regression equation that can be used to predict the price of the stock based on the number of shares of company's stocks sold and the volume of exchange. B. Interpret the coefficients of the estimated regression equation that you found in Part a. C. If in a given day, the number of shares of the company that were sold was 94,500 and the volume of exchange on the New York Stock Exchange was 16 million, what would you expect the price of the stock to be?
The table below gives the list price and the number of bids received for five randomly selected items sold through online auctions. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the number of bids an item will receive based on the list price. Price in Dollars 20 26 34 42 45 Number of Bids 1 7 6 10 8 Step 1 : Find the estimated slope (b1)? Round your answer to three decimal places.
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