The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is 9 20.987 +0.340x, where x price ($) and y = overall score. Brand Price ($) Score A 180 78 B 150 73 C 95 59 D 70 56 E 70 38 F 35 26 Squares), SSR (Regression Sum of Squares), and SSE (Error Sum of Squares). (Round your answers. three decimal places.) (a) Compute SST (Total Sum SST = SSR= SSE (b) Compute the coefficient of determination 2. (Round your answer to three decimal places.) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) O The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line. The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line. O The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line. O The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line.
The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is 9 20.987 +0.340x, where x price ($) and y = overall score. Brand Price ($) Score A 180 78 B 150 73 C 95 59 D 70 56 E 70 38 F 35 26 Squares), SSR (Regression Sum of Squares), and SSE (Error Sum of Squares). (Round your answers. three decimal places.) (a) Compute SST (Total Sum SST = SSR= SSE (b) Compute the coefficient of determination 2. (Round your answer to three decimal places.) Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.) O The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line. The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line. O The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line. O The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line.
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
Transcribed Image Text:### Regression Analysis of Stereo Headphones Data
The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by a certain magazine. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest).
The estimated regression equation for these data is \(\hat{y} = 20.987 + 0.340x\), where \( x \) = price ($) and \( y \) = overall score.
#### Data Table:
| Brand | Price ($) | Score |
|-------|----------:|------:|
| A | 180 | 78 |
| B | 150 | 73 |
| C | 95 | 59 |
| D | 70 | 56 |
| E | 70 | 38 |
| F | 35 | 26 |
#### Tasks:
(a) **Compute Total Sum of Squares (SST), Regression Sum of Squares (SSR), and Error Sum of Squares (SSE).**
Round your answers to three decimal places.
- **SST =**
- **SSR =**
- **SSE =**
(b) **Compute the coefficient of determination \(\mathbf{r^2}\).**
Round your answer to three decimal places.
- \(\mathbf{r^2 =}\)
Comment on the goodness of fit.
(For purposes of this exercise, consider a proportion large if it is at least 0.55.)
- The least squares line provided a good fit as a small proportion of the variability in \( y \) has been explained by the least squares line.
- The least squares line did not provide a good fit as a large proportion of the variability in \( y \) has been explained by the least squares line.
- The least squares line did not provide a good fit as a small proportion of the variability in \( y \) has been explained by the least squares line.
- The least squares line provided a good fit as a large proportion of the variability in \( y \) has been explained by the least squares line.
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