NOVThe scatterplot below shows the relationship between miles driven, x, and sale price, y, for several cars of aspecific model on a used car website. The least-squares line is also shown on the scatterplot. The equation of theleast-squares line is ŷ = 17164.3-0.084x. Which of the following statements correctly interprets the y-intercept ofthe least-squares line?Price ($)Price versus Miles Driven for Used Cars30,00020,00010,0000Mark this and return50,000 100,000 150,000 200,000Miles Driven (Miles)Save and ExitSMacBook ProtvNextSubmit Price ($)O O O O30,00020,00010,000050,000 100,000 150,000 200,000Miles Driven (Miles)O For a car of this model with 0 miles driven, the model predicts the price to be $17,164.30.O For a car of this model with 17,164.3 miles driven, the model predicts the price to be $0.For a car of this model with 204,336 miles driven, the model predicts the price to be $0.For each additional mile driven, the model predicts a decrease in price of $0.084 for a car of this model.O For a car of this model with 0 miles driven, the model predicts the price to be $0.084.Mark this and returnSave and ExittvNext01:00:Submit

The regression equation is y=17164.3-0.084x.

Answered: The scatterplot below shows the…

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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We use the form ŷ = a + bx for the least-squares line. In some computer printouts, the least-squares equation is not given directly. Instead, the value of the constant a is given, and the coefficient b of the explanatory or predictor variable is displayed. Sometimes a is referred to as the constant, and sometimes as the intercept. Data from a report showed the following relationship between elevation (in thousands of feet) and average number of frost-free days per year in a state. A Minitab printout provides the following information. Predictor Coef SE Coef T. Constant 317.97 28.31 11.24 0.002 Elevation -28.572 3.511 -8.79 0.003 S = 11.8603 R-Sq 94.2% %3D Notice that "Elevation" is listed under "Predictor." This means that elevation is the explanatory variable x. Its coefficient is the slope b. "Constant" refers to a in the equation ŷ = a + bx. (a) Use the printout to write the least-squares equation. %3D (b) For each 1000-foot increase in elevation, how many fewer frost-free days are…
We use the form ŷ = a + bx for the least-squares line. In some computer printouts, the least-squares equation is not given directly. Instead, the value of the constant a is given, and the coefficient b of the explanatory or predictor variable is displayed. Sometimes a is referred to as the constant, and sometimes as the intercept. Data from a report showed the following relationship between elevation (in thousands of feet) and average number of frost-free days per year in a state. A Minitab printout provides the following information. Predictor Сoef SE Coef T Constant 317.43 28.31 11.24 0.002 Elevation -31.272 3.511 -8.79 0.003 S = 11.8603 R-Sq = 96.2% Notice that "Elevation" is listed under "Predictor." This means that elevation is the explanatory variable x. Its coefficient is the slope b. "Constant" refers to a in the equation ŷ = a + bx. (a) Use the printout to write the least-squares equation. ŷ = 317.43 -31.272 (b) For each 1000-foot increase in elevation, how many fewer…
Consider the following. x 1 2 3 4 y 4 6 9 13 (a) Find an equation of the least-squares line for the data. (Give each answer correct to 3 decimal places.)y = x +(b) Draw a scatter diagram for the data and graph the least-squares line.
We use the form ŷ = a + bx for the least-squares line. In some computer printouts, the least-squares equation is not given directly. Instead, the value of the constant a is given, and the coefficient b of the explanatory or predictor variable is displayed. Sometimes a is referred to as the constant, and sometimes as the intercept. Data from a report showed the following relationship between elevation (in thousands of feet) and average number of frost-free days per year in a state. A Minitab printout provides the following information. Predictor Сoef SE Coef T Constant 315.81 28.31 11.24 0.002 Elevation -31.650 3.511 -8.79 0.003 S = 11.8603 R-Sq = 94.6% Notice that "Elevation" is listed under "Predictor." This means that elevation is the explanatory variable x. Its coefficient is the slope b. "Constant" refers to a in the equation ŷ = a + bx. (a) Use the printout to write the least-squares equation. ŷ : + %| (b) For each 1000-foot increase in elevation, how many fewer frost-free days…
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а. Complete the table. (or just write answers) Xi Yi 2 2 3 4 Totals E x; = E yi = Exf = Σχy Find SSxy, SSXX B1. x, y, and fo- Write the equation of the least squares line. b. C. d) What will be y if x=10
Percentages of public school students in fourth grade in 1996 and in eighth grade in 2000 who were at or above the proficient level in mathematics are given for eight western states. Find the equation of the least-squares line that summarizes the relationship between x = 1996 fourth-grade math proficiency percentage and y = 2000 eighth-grade math proficiency percentage. (Give the numerical values to four decimal places.) |4th grade 8th grade (1996) State (2000) Arizona 15 21 California 11 18 Hawaii 16 16 Montana 22 37 New Mexico 13 13 Oregon 21 32 Utah 23 26 Wyoming 19 25 n USE SALT ŷ =

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