Use R and Excel a. Insert the scatterplot based off the data point. Scatterplot R Excel (Adjust the range to 200 < y< 450) b. Find the regression equation and r2 for the data points. Insert R and Excel Output. Regression Line r2 r2 = R Output Excel Output c. Describe the apparent relationship between the two variables.

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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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1. The data "ambulance" shows age and price data for 8 randomly selected ambulances
A1
between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in
hundreds of dollars. Use the information to complete parts (a) through (d).
A
В
1
y
2
6.
250
Use R and Excel
a. Insert the scatterplot based off the data point.
1
410
245
2
350
6.
265
Scatterplot
7
370
R
4
335
9.
5
300
10
11
Excel (Adjust
12
the range to
200 < y< 450)
b. Find the regression equation and r2 for the data points. Insert R and Excel
Output.
Regression
Line
r2
r2
R Output
Excel
Output
С.
Describe the apparent relationship between the two variables.
d. Predict the value of the response variable for a 3-year-old ambulance. Interpret
your result.
Transcribed Image Text:1. The data "ambulance" shows age and price data for 8 randomly selected ambulances A1 between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in hundreds of dollars. Use the information to complete parts (a) through (d). A В 1 y 2 6. 250 Use R and Excel a. Insert the scatterplot based off the data point. 1 410 245 2 350 6. 265 Scatterplot 7 370 R 4 335 9. 5 300 10 11 Excel (Adjust 12 the range to 200 < y< 450) b. Find the regression equation and r2 for the data points. Insert R and Excel Output. Regression Line r2 r2 R Output Excel Output С. Describe the apparent relationship between the two variables. d. Predict the value of the response variable for a 3-year-old ambulance. Interpret your result.
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