This table shows the relationship between the price (y pence) of 100g of chocolate and the percentage (x%) of cocoa solids in the chocolate. x (% сосоа) 10 у (pence) 35 Chocolate Brand A 20 55 30 40 35 100 E 40 60 F 50 90 G 60 110 H 70 130 a. Use excel to draw a scatter diagram to represent this data. b. Use excel to calculate the regression line of y on x. c. Use excel to calculate the R?. d. Interpret the meaning of R?. e. One brand of chocolate is overpriced, Suggest, with a reason, which brand is overpriced. f. Use the regression line to suggest a fair price for this brand. g. Comment on the validity of this method for suggesting a fair price.
This table shows the relationship between the price (y pence) of 100g of chocolate and the percentage (x%) of cocoa solids in the chocolate. x (% сосоа) 10 у (pence) 35 Chocolate Brand A 20 55 30 40 35 100 E 40 60 F 50 90 G 60 110 H 70 130 a. Use excel to draw a scatter diagram to represent this data. b. Use excel to calculate the regression line of y on x. c. Use excel to calculate the R?. d. Interpret the meaning of R?. e. One brand of chocolate is overpriced, Suggest, with a reason, which brand is overpriced. f. Use the regression line to suggest a fair price for this brand. g. Comment on the validity of this method for suggesting a fair price.
MATLAB: An Introduction with Applications
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Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question
Please solve d,e,f,g
![This table shows the relationship between the price (y pence) of 100g of chocolate and the
percentage (x%) of cocoa solids in the chocolate.
Chocolate Brand
х (% сосоа)
у (pence)
A
10
35
В
20
55
30
40
35
100
40
60
50
90
60
110
70
130
a. Use excel to draw a scatter diagram to represent this data.
b. Use excel to calculate the regression line of y on x.
c. Use excel to calculate the R2.
d. Interpret the meaning of R².
e. One brand of chocolate is overpriced, Suggest, with a reason, which brand is overpriced.
f. Use the regression line to suggest a fair price for this brand.
g. Comment on the validity of this method for suggesting a fair price.
<BCDEEGH](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F570a0cea-4fce-429d-aa08-e0d6b435c900%2F0f4974a7-2028-44ed-b8ed-3eee8af7e8a4%2Fs5zqu4t_processed.png&w=3840&q=75)
Transcribed Image Text:This table shows the relationship between the price (y pence) of 100g of chocolate and the
percentage (x%) of cocoa solids in the chocolate.
Chocolate Brand
х (% сосоа)
у (pence)
A
10
35
В
20
55
30
40
35
100
40
60
50
90
60
110
70
130
a. Use excel to draw a scatter diagram to represent this data.
b. Use excel to calculate the regression line of y on x.
c. Use excel to calculate the R2.
d. Interpret the meaning of R².
e. One brand of chocolate is overpriced, Suggest, with a reason, which brand is overpriced.
f. Use the regression line to suggest a fair price for this brand.
g. Comment on the validity of this method for suggesting a fair price.
<BCDEEGH
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