The table lists the average monthly cost to workers for family health insurance for various years.a) Use a graphing calculator to fit a regression line to the data.b) Predict the average monthly cost to workers for family health insurance in 2016, and compare thevalue with $426.98, which is obtained using the points (1,335) and (4,381).c) Find the correlation coefficient for the regression line, and determine whether the line fits the datacloselyCOCOa) The finear equation of the regression line that best models the data is y=x+(Round to the nearest hundredth as needed.)Year, x2009, 02010, 12011, 22012.32013, 42014, 5Average Monthly Cost toWorkers for Family HealthInsurance$293335343360381403

A linear regression line has an equation of the form Y = a + bX, where X is the explanatory variable…

Answered: The table lists the average monthly…

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 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 Bone Density34 35745 34148 33160 32965 325 Step 3 of 6: Determine the value of the dependent variable yˆ at x=0.
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+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 5 5.5 Midterm Grades 63 67 76 78 84 85 90 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 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 Bone Density34 35745 34148 33160 32965 325 Step 2 of 6: Find the estimated y-intercept. 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. Price in Dollars 124 143 158 160 196 Number of Bids 12 13 15 16 20 Table Step 2 of 6 : Find the estimated y-intercept. 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 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 following data represent the number of flash drives sold per day at a localcomputer shop and their prices.Price Units Sold34 336 432 635 530 938 240 1a. Develop the estimated regression equation that could be used to predict thequantity sold given the price. Interpret the slope.b. Did the estimated regression equation provide a good fit? Explain.c. Compute the sample correlation coefficient between the price and the number offlash drives sold. Use a= 0.01 to test the relationship between price and units sold.d. How many units can be sold per day if the price of flash drive is set to $28.
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 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 one unit, then find the change in the dependent variable yˆ.
A car dealership would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on theemployee's number of years of sales experience. The accompanying regression output was developed based on a random sample of employees. a. Predict the sales next month for an employee with 2.5 years of experience. The predicted sales is 8.6 cars. b. Compute the coefficient of determination and interpret its meaning. The coefficient of determination is 0.234 Therefore, about _________% of the variation in monthly sales is explained by the years of sales experience. (Type an integer or decimal rounded to one decimal place as needed.)
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.
a ift = The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, bo + 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. tab ** Answer How to enter your answer (opens in new window) Step 2 of 6: Find the estimated y-Intercept. Round your answer to three decimal places. esc 1945 ! 1 q alt a Z ebook x360 ng from any angle. @ 2 W S →>> X # 3 e d C $ 4 C r f Age Bone Density 359 % 5 V t g 36 51 63 66 70 357 328 314 310 Oll A 6 b y hp h & 7 O n u j * 8 N O i m ( 9 k O 100- 4 Tables ctrl { [ Keypad Keyboard Shortcuts Previous step answers Submit Answer D + = 11 : 90 ; ? Copy Data O SEAR Dec 2 Table ] USE YOUR SMARTPHONE FOR…
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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