The following data set shows the weekly advertising expenditure and sales of 12 retailmerchants selling face masks and beside it is the scatter diagram.600CostSales40385500204002539540020365304753005044040490200204205056010040525254800505100102030405060Advertising Cost1. Based on the scatter plot, is it reasonable to perform simple linear regressionbetween the two variables?2. Between Sales and Advertising Cost, which is reasonable choice for theindependent and dependent variable?3. For the following values for advertising cost, is it appropriate to use the regressionequation to estimate the weekly sales? If yes, what is the predicted value? If not,how come?a. $35b. $60Sales

With the help of data and scatter plot, we need to answer given questions.

Answered: The following data set shows the weekly…

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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The following table shows the annual expenditures, in dollars, per customer unit for residential landline phone services and cellular phone services in the United States in the given year.† Year Landline Cell 2004 592 378 2006 542 524 2008 467 643 2010 401 760 Calculate the regression line for each type of service. (Let t be the time in years since 2004, L be the operating revenue of landline phone services and C be the expenditure of cellular services. Round your regression parameters to two decimal places.) L(t) = C(t) = Determine the expenditure level at which the two lines cross. Round your answer for the expenditure level to one decimal place. million dollars
The table below shows the number of state-registered automatic weapons and the murder rate for several Northwestern states. x 11.8 8.2 6.9 3.9 2.3 2.4 2.6 0.6 y 14.2 11.2 10.2 7.5 5.9 6.4 6 4.3 x = thousands of automatic weaponsy = murders per 100,000 residents This data can be modeled by the equation y=0.88x+3.95. Use this equation to answer the following; Special Note: I suggest you verify this equation by performing linear regression on your calculator. A) How many murders per 100,000 residents can be expected in a state with 7.2 thousand automatic weapons? Answer = Round to 3 decimal places. B) How many murders per 100,000 residents can be expected in a state with 1.6 thousand automatic weapons? Answer = Round to 3 decimal places.
Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $120 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 40 20 118 67 71 48 119 62 8. 64 128 18 11 147 4 O 115 21 112 67 120 119 93 102 51 114 219 34 11 287 43 Click the icon to view the critical values of the Pearson correlation coefficient r. В... The regression equation is y =+x. (Round to one decimal place as needed.)
The following data represent the number of flash drives sold per day at a localcomputer shop and their prices.Price Units Sold34 336 432 635 530 938 240 1a. Develop the estimated regression equation that could be used to predict thequantity sold given the price. Interpret the slope.b. Did the estimated regression equation provide a good fit? Explain.c. Compute the sample correlation coefficient between the price and the number offlash drives sold. Use a= 0.01 to test the relationship between price and units sold.d. How many units can be sold per day if the price of flash drive is set to $28.
The table shows the lengths and weights of seven muskies captured by the Department of Natural Resources in Catfish Lake in Eagle River, Wisconsin. Use the linear regression feature on a graphing calculator to determine an equation of the line that best fits the data. Round to the hundredths. Musky 1 2 3 4 5 6 7 Length (in.) 26 27 29 33 35 36 38 Weight (lb) 5 8 9 12 14 14 19
Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $140 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 39 22 118 67 77 49 124 66 12 64 128 19 6. 147 9. 118 6. 99 75 127 107 95 99 64 109 209 44 8 293 48 Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y =+x. (Round to one decimal place as needed.)
Is there a relationship between the weight and price of a mountain bike? The following data set gives the weights and prices for ten mountain bikes. Let the expanatory variable x be the weight in pounds and the response variable y be the bike's price. Weight (LB) 32 33 29 29 34 37 28 30 34 30 Price ($) 980 350 430 710 930 160 590 530 180 1090 a. Construct a scatterplot. Interpret. b. Find the regression equation. Interpret the slope in context. Does the y-intercept have contextual meaning? c. You decide to purchase a mountain bike that weighs 33 pounds. What is the predicted price for the bike? a. Which scatterplot below correctly shows the data? A. 254001200xy A coordinate system has a horizontal x-axis labeled from 25 to 40 in increments of 1 and a vertical y-axis labeled from 0 to 1200 in increments of 50. A cluster of plotted points that form a line that falls from left to…
The age and prices of 11 Nissan cars given in the following data: Age (in years) 5 4 6 5 5 5 6 6 2 7 7 Price (in $100s) 85 103 70 82 89 98 66 95 169 70 48 a. Obtain the correlation coefficient between the age and price of the cars. Interpret the value of the correlation coefficient. b. Obtain a regression equation of Price (dependent variable) on Age (Independent variable). c. What will be the Price of the car after 3 years? d. Find the coefficient of determination. Determine the percent of variation that is explained by the regression equation clearly.
listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $110 million. Use a significance level of α=0.05. Budget ($)in Millions 45 19 112 70 76 53 122 65 7 55 129 21 11 152 10 Gross ($) in Millions 124 8 101 65 123 107 109 103 48 112 204 28 19 282 41 LOADING... Click the icon to view the critical values of the Pearson correlation coefficient r. The regression equation is y=16.516.5+1.31.3x. (Round to one decimal place as needed.) The best predicted gross for a movie with a $110 million budget is ____million. (Round to one decimal place as needed.)
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Listed below are paired data consisting of movie budget amounts and the amounts that the movies grossed. Find the regression equation, letting the budget be the predictor (x) variable. Find the best predicted amount that a movie will gross if its budget is $105 million. Use a significance level of a = 0.05. Budget ($)in Millions Gross ($) in Millions 41 23 114 75 78 47 120 64 10 59 127 22 12 150 2 0 127 18 111 65 113 112 102 94 64 98 211 41 22 288 57 Click the icon to view the critical values of the Pearson correlation coefficient r. ..... x. (Round to one decimal place as needed.) The regression equation is = + The best predicted gross for a movie with a $105 million budget is $ million. (Round to one decimal place as needed.)
The following data represent a company's yearly sales and its advertising expenditure over a period of 8 years. Sales in Advertising Expenditure Millions of Dollars (y) (in $10,000) (x) 15 32 33 18 35 37 22 44 18 41 19 39 24 42 a. Develop a complete scae s diagram of sales versus advertising. Explain what the scatt scigagram shows regarding the relationship between sales and b. advertising. c. Compute the estimated regression equation between sales and advertising? 6 If the company's advertising expenditure is $400,000, what are the predicted sales in d. dollars? e. Compute the coefficient of determination. Fully interpret the meaning of the coefficient of determination in the context of this f. problem. g. Compute the correlation coefficient. ( 16 17

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