3. QUESTIONThe median selling price of small houses in Paarl from 2000 to 2004 are shown in the table below. Let Y denotethe median sales price and x the year (replace the year values with integers 1 to 5).YEARMedian Sales Price(XR10 000)200027.6200132.5200235.9200339.3200444.2YearYXYxy?2000127.627.61761.8200132.565.041 056.32002335.9107.79.1 288.82003439.3157.2161544.5200444.2221.0251953.615179.5578.5556 605.03.1Fit the modelY = Bo + B,x+ɛ3.2What would you conclude from the results in 3.1?3.3Construct a 95% prediction interval for the median sale price in 2005. Interpret your answer3.4Calculate the correlation coefficient and interpret the value3.5Calculate the coefficient of determination and interpret the value

The median selling price of small houses in Paarl from 2000 to 2004 are shown in the table below. Let Y denote the median sales price and x the year (replace the year values with integers 1 to 5). YEAR Median Sales Price (XR10 000) 2000 27.6 2001 32.5 2002 35.9 2003 39.3 2004 44.2 Year Y XY x? y? 2000 1 27.6 27.6 761.8 1 056.3 1 288.8 2001 32.5 65.0 2002 3 35.9 107.7 9 2003 4 39.3 157.2 16 1544.5 2004 44.2 221.0 25 1953.6 15 179.5 578.5 55 6 605.0 3.1 Fit the model Y = Bo + B1x + ɛ 3.2 What would you conclude from the results in 3.1? 3.3 Construct a 95% prediction interval for the median sale price in 2005. Interpret your answer 3.4 Calculate the correlation coefficient and interpret the value 3.5 Calculate the coefficient of determination and interpret the value 14 2.

The median selling price of small houses in Paarl from 2000 to 2004 are shown in the table below. Let Y denote the median sales price and x the year (replace the year values with integers 1 to 5). YEAR Median Sales Price (XR10 000) 2000 27.6 2001 32.5 2002 35.9 2003 39.3 2004 44.2 Year Y XY x? y? 2000 1 27.6 27.6 761.8 1 056.3 1 288.8 2001 32.5 65.0 2002 3 35.9 107.7 9 2003 4 39.3 157.2 16 1544.5 2004 44.2 221.0 25 1953.6 15 179.5 578.5 55 6 605.0 3.1 Fit the model Y = Bo + B1x + ɛ 3.2 What would you conclude from the results in 3.1? 3.3 Construct a 95% prediction interval for the median sale price in 2005. Interpret your answer 3.4 Calculate the correlation coefficient and interpret the value 3.5 Calculate the coefficient of determination and interpret the value 14 2.

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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