The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and theamounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven years. Construct andinterpret a 98% prediction interval for the amount of crude oil imported by the this country when the amount of crude oilproduced by the country is 5,499 thousand barrels per day. The equation of the regression line is^-y= 1.105x+15,770.445.Oil produced, xOil imported, y5,849 5,740 5,659 5,4309,322 9,106 9,681 10,0265,168 5,09310,136 10,1905,01010,015Construct and interpret a 98% prediction interval for the amount of crude oil imported when the amount of crude oilproduced by the country is 5,499 thousand barrels per day. Select the correct choice below and fill in the answer boxesto complete your choice.(Round to two decimal places as needed.)A. We can be 98% confident that when the amount of oil produced is 5,499 thousand barrels per day, the amountof oil imported will be betweenthousand barrels per day.and☐ B. There is a 98% chance that the predicted amount of oil imported is betweenper day, when there are 5,499 thousand barrels per day produced.andthousand barrels

Step 1: List the given values.We are given the following data set: Oil produced, XOil imported,…

Answered: The table below shows the amounts of…

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 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, yˆ=b0+b1xy^=b0+b1x, 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 00 33 44 4.54.5 55 5.55.5 66 Overall Grades 8383 7878 7070 6969 6767 6464 6363 Table Copy Data Step 3 of 6 : 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 independent variable is increased by…
The maintenance manager at a trucking company wants to build a regression model to forecast the time (in years) until the first engine overhaul based on four predictor variables: (1) annual miles driven (in 1,000s of miles), (2) average load weight (in tons), (3) average driving speed (in mph), and (4) oil change interval (in 1,000s of miles). Based on driver logs and onboard computers, data have been obtained for a sample of 25 trucks. A portion of the data is shown in the accompanying table. Time Miles Load Speed Oil 7.7 42.9 22.0 44.0 16.0 0.8 98.3 20.0 47.0 34.0 6.3 61.1 22.0 62.0 15.0 E Click here for the Excel Data File b. Estimate the regression model. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Time = Miles Load Speed oil + + d. What is the predicted time before the first engine overhaul for a particular truck driven 60,000 miles per year with an average load of 25 tons, an average driving speed of 53 mph, and 21,000 miles…
11. What is the standard error of the slope of the regression line (SEb)? Please put the answer in bold.
A trucking company considered a multiple regression model for relating the dependent variable y = total daily travel time for one of its drivers (hours) to the predictors x₁ = distance traveled (miles) and x₂ = the number of deliveries made. Suppose that the model equation is Y = -0.800+ 0.060x₁ +0.900x₂ + e (a) What is the mean value of travel time when distance traveled is 50 miles and four deliveries are made? hr (b) How would you interpret ₁ = 0.060, the coefficient of the predictor x₁? O When the number of deliveries is constant, the average change in travel time associated with a ten-mile (i.e. one unit) increase in distance traveled is 0.060 hours. O The total daily travel time increases by 0.060 hours when the distance traveled increases by 1. O When the number of deliveries is held fixed, the average change in travel time associated with a one-mile (i.e. one unit) increase in distance traveled is 0.060 hours. O The average change in travel time associated with a one-mile (i.e.…
Construct the equation of the regression line. An editing firm compiled the following table which lists the number of pages contained in a piece of technical writing and the cost of proofreading and correcting them (in dollars). Assume there is a significant linear relationship between X and Y and construct the equation of the linear regression line. Number of Pages, x 7 12 4 14 25 30 Cost, y 128 213 75 250 446 540 a.) y^= 17.9(x) + 1.6 b.) y^= 7.1(x) + 15.4 c.) y^= 15.4(x) + 7.1 d.) y^= 1.6(x) +
The table below gives the number of hours five randomly selected students spent studying and their corresponding midterm exam grades. Using this data, consider the equation of the regression line, yˆ=b0+b1xy^=b0+b1x, for predicting the midterm exam grade that a student will earn based on the number of hours spent studying. 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 studying 0 1 3 4 5 grades 63 65 80 81 87 Find the value of the coefficient of determination. Round your answer to three decimal places.
The table below gives the number of hours seven randomly selected students spent studying and their corresponding midterm exam grades. Using this data, consider the equation of the regression line, yˆ=b0+b1xy^=b0+b1x, for predicting the midterm exam grade that a student will earn based on the number of hours spent studying. 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 Studying 2 2.5 3 3.5 4 4.5 5 Midterm Grades 72 74 80 82 87 88 93 Find the estimated slope. 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, yˆ=b0+b1xy^=b0+b1x, 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 1.51.5 2.52.5 33 44 4.54.5 55 66 Overall Grades 9494 9292 8282 7979 7171 7070 6262 Find the value of the coefficient of determination. Round your answer to three decimal places.
A frequent flyer was interested in the relationship between dollars spent on flying and the distance flown. She sampled 20 frequent flyers of a certain airline. She collected the number of miles flown in the previous year and the total amount of money the flyer spent. A regression line of distance flown on money spent was fit to the data: \hat y = 24000 + 10xy^=24000+10x. A person who spent $1000 is predicted to have flown:
The estimated regression equation for a model involving two independent variables and 10 observations follows. y = 33.0798 + 0.6071x1 + 0.7058x2 a. Interpret b₁ and b2 in this estimated regression equation (to 4 decimals). b₁ = - Select your answer - b₂ = - Select your answer - b. Estimate y when *₁ = 180 and ₂ = 310 (to 3 decimals).
Does the Regression line give information about all the data points in the data set? Does the Regression line usually have all the points in the data set on it?
Find the regression line of the points: (1, 9), (2, 8), (8, 4), (9, 2)

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