The Kak Ramah company supplies vegetables to shop as wholesales. The demand for the vegetablesdepends on the price per kilograms (kg). the data are shown in the following table.Price per20222426283032kg (RM)Demand700685630580515490450(kg)a)By using the linear regression line, calculate the number of sales if the price per kg is RM25b) Calculate the Pearson correlation value and interpret

The data given is: Price per kg (RM) Demand (kg) 20 700 22 685 24 630 26 580 28 515…

Answered: The Kak Ramah company supplies…

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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In a sample of cars reviewed by Motor Trend magazine, the mean horsepower (hp) was 150 hp with a standard deviation of 36 hp. The mean weight (lbs) was 2500 lbs with a standard deviation of 720 lbs. Assume the relationship between weight and horsepower is linear and has a correlation of r = +0.55. What is the slope of the linear regression model predicting weight (y-variable) from horsepower (x-variable)? 9 13 15 11
The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting a woman's bone density based on her age. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Age 39 43 46 61 64 Bone Density 352 346 321 314 312 Table Step 1 of 6 : Find the estimated slope. Round your answer to three decimal places
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. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Summation Table x y xyxy x2x2 y2y2 Bid 1 2323 11 2323 529529 11 Bid 2 2424 22 4848 576576 44 Bid 3 3232 66 192192 10241024 3636 Bid 4 3737 99 333333 13691369 8181 Bid 5 4949 1010 490490 24012401 100100 Sum 165165 2828 10861086 58995899 222222 Substitute the values you found in steps 1 and 2 into the equation for the regression line to find the estimated linear model. According to this model, if the value of…
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, y = bo + b₁x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, In practice, It would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Price in Dollars 23 26 37 41 47 Number of Bids 1 2 4 5 6 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Table Copy Data >
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
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. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Price in Dollars 20 23 26 28 48 Number of Bids 1 4 6 7 9 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Step 2 of 6: Find the estimated y-intercept. Round your answer to three decimal places. Step 3 of 6: According to the estimated linear model, if the value of the independent variable is increased by one unit, then the change in the dependent variable y^ is given by? Step 4 of 6:…
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In a fisheries researchers experiment the correlation between the number of eggs in tge nest and the number of viable (surviving ) eggs for a sample of nests is r=0.67 the equation of the regression line for number of viable eggs y versus number of eggs in the nest x is y =0.72x + 17.07 for a nest with 140 eggs what is the predicted number of viable eggs ?
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. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Price in Dollars 102 137 139 171 186 Number of Bids 10 11 16 17 20 Table Step 6 of 6 : Find the value of the coefficient of determination. Round your answer to three decimal places.
The table below gives the number of hours spent unsupervised each day as well as the overall grade averages for seven randomly selected middle school students. Using this data, consider the equation of the regression line, y = bo + bjx, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 0.5 1.5 2.5 3 4 4.5 6 Overall Grades 89 86 81 79 72 67 62 Table Copy Data Step 1 of 6: Find the estimated slope. Round your answer to three decimal places.
The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting a woman's bone density based on her age. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Age 50 59 60 64 68 Bone Density 331 326 325 320 315 Table Step 1 of 6 : Find the estimated slope, y instercept and correlation coefficient. Round your answers to three decimal places.

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