$263.91$5168.65263.91 monthsO 4634.40 monthsO $4634.40 Here is the Excel output again for the regression of Sales and Experience:Regression Statistics0.59660.35590.339497.9058Multiple RR SquareAdjusted R SquareStandard ErrorObservationsANRegressionResidualTotalInterceptExperience(months)40df13839StandardError4250.9742 180.2332CoefficientsSS5205388.04 5205388.049420585.51247910.1514625973.556.61081.4427t Stat23.5864.5822MSP-value2.71E-244.85E-05F20.9971Significance F4.85E-05Lower 95% Upper 95%3886.1113 4615.83723.69029.5313Use the estimated regression equation given by this regression to predict sales if the territorysalesperson has 58 months of experience at the company.Do not round the values further when calculating. Use them as they are in the output. Round yourfinal answer to two decimal places.

Given regression output is: Coefficient Intercept4250.9742Experience(months)6.6108The objective is…

Answered: Use the estimated regression equation…

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 data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 63 inches. Is the result close to the actual weight of 522 pounds? Use a significance level of 0.05. Chest size (inches) 58 50 65 59 59 48 D 414 312 499 450 456 260 Weight (pounds) Click the icon to view the critical values of the Pearson correlation coefficient r. What is the regression equation? y=+x (Round to one decimal place as needed.) What is the best predicted weight of a bear with a chest size of 63 inches? The best predicted weight for a bear with a chest size of 63 inches is pounds. (Round to one decimal place as needed.) Is the result close to the actual weight of 522 pounds? O A. This result is not very close to the actual weight of the bear. O B. This result is exactly the same as the actual weight of the bear. O C. This result is close to the actual weight of the…
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Use the estimated regression equation given by this regression to predict sales if the territory salesperson has 58 months of experience at the company. Do not round the values further when calculating. Use them as they are in the output. Round your final answer to two decimal places.