The table below shows the average weekly wages (in dollars) for state government employees andfederal government employees for 10 years. Construct and interpret a 98% prediction interval for theaverage weekly wages of federal government employees when the average weekly wages of stategovernment employees is $914. The equation of the regression line is y = 1.370x +33.068.Wages (state), x 716 760 784 824 842 877 916 924 943 976Wages (federal), y 1,038 1,065 1,108 1,130 1,193 1,236 1,270 1,295 1,335 1,387Construct and interpret a 98% prediction interval for the average weekly wages of federalgovernment employees when the average weekly wages of state government employees is$914. Select the correct choice below and fill in the answer boxes to complete your choice.(Round to the nearest cent as needed.)O A. There is a 98% chance that the predicted average weekly wages of federal governmentemployees is between $ and $, given a state average weekly wage of $914.OB. We can be 98% confident that when the average weekly wages of state governmentemployees is $914, the average weekly wages of federal government employees will be

when the average weekly wages of state government employees is $914, we can use the regression…

Answered: The table below shows the average…

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 managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c Click the icon to view the monthly data. a. Develop a simple linear regression model between billable hours and overhead costs. Overhead Costs = 247733.3 +(43.2000) x Billable Hours (Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.) b. Interpret the coefficients of your regression model. Specifically, what does the fixed component of the model mean to the consulting firm? Interpret the fixed term, bo. if appropriate. Choose the correct answer below. OA. The value of by is the predicted overhead costs for 0 billable hours. OB. For each increase of 1 unit in overhead costs, the predicted billable hours are estimated to increase by bo OC. It is not appropriate to interpret by. because its value is the predicted…
The table shows the lengths and weights of seven muskies captured by the Department of Natural Resources in Catfish Lake in Eagle River, Wisconsin. Use the linear regression feature on a graphing calculator to determine an equation of the line that best fits the data. Round to the hundredths. Musky 1 2 3 4 5 6 7 Length (in.) 26 27 29 33 35 36 38 Weight (lb) 5 8 9 12 14 14 19
Data were collected that included information on the weight of the trash (in pounds) on the street one week and the number of people who live in the house. The figure shows a scatterplot with the regression line. Complete parts (a) through (d) below.
The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $925. The equation of the regression line is
The table lists the average tuition and fees at private colleges and universities for selected years. Year 1985 1990 1995 2000 2008 5311 25,115 Tuition and Fees (in dollars) 9375 SO 12,418 (a) Find the equation of the least-squares regression line that models the data. y 840.450 (Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.) (b) Graph the data and the regression line in the same viewing window using the parameters given below the graph choices. Choose the correct graph below. OA. O B. o HE RO OC. 16,230 A o ƠN
The sales of a company (in million dollars) for each year shown in the table below (25)X(year) 2005 2006 2007 2008 2009Y (sales) 12 19 39 37 45a. Find the regression line of the data. Draw the inference about the dataset.b. Use the regression line as a model to estimate the sales of the company in 2012.
The data show the bug chirps per minute at different temperatures. Find the regression equation, letting the first variable be the independent (x) variable. Find the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute. Use a significance level of 0.05. What is wrong with this predicted value? Chirps in 1 min 924 1150 840 1166 1087 930 Temperature (°F) 77.5 84.6 74.1 91 79.6 79.7 What is the regression equation? What is the best predicted temperature for a time when a bug is chirping at the rate of 3000 chirps per minute? What is wrong with this predicted value? Choose the correct answer below. A. It is unrealistically high. The value 3000 is far outside of the range of observed values. B. The first variable should have been the dependent variable. C. It is only an approximation. An unrounded value would be considered accurate. D. Nothing is wrong with this value. It can be…
For the advertised price and number of miles data, the equation of the regression line is price = 18,773-86.18(thousands of miles) Predict the asking price for a car with 50,000 miles. $ type your answer...
Find the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (The pair of variables have a significant correlation.) Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. The table below shows the heights (in feet) and the number of stories of six notable buildings in a city. (a) x 503 feet (c) x = 318 feet (b) x = 649 feet (d) x = 724 feet 766 494 484 520 44 620 508 Height, x Stories, y 51 46 43 39 38 (c) Predict the value of y for x=318. Choose the correct answer below. O A. 34 B. 50 O C. 47 O D. not meaningful (d) Predict the value of y for x=724. Choose the correct answer below. O A. 34 O B. 41 50
Is it reasonable to interpret the y-intercept of the regression line? Why or why not? One home that is 1,750 square feet is listed at $590,000. Is this home's price above or below average for a home of this size? Use residuals and show your work to answer. footaget) ## (Intercept) 21.14411 136.31449 0.155 0.87954 ## footage 0.28388 0.08516 3.333 0.00667 ** ## Residual standard error: 71.64 on 11 degrees of freedom ## Multiple R-squared: 0.5025, Adjusted R-squared: 0.4573 ## F-statistic: 11.11 on 1 and 11 DF, p-value: 0.006671
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 658.
Find the equation of the regression line for the given data. Then construct a scatter plot of the data and draw the regression line. (The pair of variables have a significant correlation.) Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. The table below shows the heights (in feet) and the number of stories of six notable buildings in a city. Height, x Stories, y (b) x = 649 feet (d) x = 724 feet 766 620 520 508 494 484 (a) x = 503 feet 51 46 44 43 39 38 (c) x = 318 feet Find the regression equation. (Round the slope to three decimal places as needed. Round the y-intercept to two decimal places as needed.) Choose the correct graph below. O A. O B. O C. O D. 60- 60- 60 60- 0- 800 800 800 Height (feet 800 Height (feet) Height (Teet) Stories Stories:

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