USE THE INFORMATION BELOW TO ANSWER QUESTIONS 34 THRU 37 During the 1950's and 1960's the average weight of vehicles sold in the U.S. was well over 4,000 pounds. There was a dip in the average weights in the 1970's and 1980's, due possibly to both higher demand for better gas mileage and a world-wide shortage of crude oil. Then in the 1990's and early 2000's the average weight of vehicles had a steady increase. A regression analysis was completed on the average weight of the 10 most commonly sold vehicles in the U.S. from the year 2012 through the year 2020 and yielded the following results, where the independent variable is the year and the predicted variable is the average weight of the 10 most popular vehicles. Correlation of "Average Weight" and "Year" = r = 0.9283 The regression equation is "Average Weight" = -124,960.73 +63.82(Year) Choose the most appropriate interpretation of the slope. O For every decrease of 1 Year, the Average Weight goes up by 63.82 pounds. ● For every increase of 1 Year, the Average Weight goes up by 63.82 pounds. O For every increase of 1 Year, the Average Weight goes down by 63.82 pounds. O For every decrease of 1 Year, the Average Weight goes up by 92.83 pounds. Predict the Average Weight to the nearest pound for the 2015 Year. 3637 pounds This value of Year is beyond the scope of the data. 3615 pounds O 3598 pounds

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Please do not give solution in image format thanku

 

USE THE INFORMATION BELOW TO ANSWER QUESTIONS 34 THRU 37
During the 1950's and 1960's the average weight of vehicles sold in the U.S. was well over 4,000
pounds. There was a dip in the average weights in the 1970's and 1980's, due possibly to both
higher demand for better gas mileage and a world-wide shortage of crude oil. Then in the 1990's
and early 2000's the average weight of vehicles had a steady increase. A regression analysis was
completed on the average weight of the 10 most commonly sold vehicles in the U.S. from the years
2012 through the year 2020 and yielded the following results, where the independent variable is
the year and the predicted variable is the average weight of the 10 most popular vehicles.
Correlation of "Average Weight" and "Year" = r = 0.9283
The regression equation is "Average Weight" = -124,960.73 + 63.82(Year)
Choose the most appropriate interpretation of the slope.
For every decrease of 1 Year, the Average Weight goes up by 63.82 pounds.
For every increase of 1 Year, the Average Weight goes up by 63.82 pounds.
For every increase of 1 Year, the Average Weight goes down by 63.82 pounds.
For every decrease of 1 Year, the Average Weight goes up by 92.83 pounds.
Predict the Average Weight to the nearest pound for the 2015 Year.
3637 pounds
This value of Year is beyond the scope of the data.
3615 pounds
3598 pounds
Transcribed Image Text:USE THE INFORMATION BELOW TO ANSWER QUESTIONS 34 THRU 37 During the 1950's and 1960's the average weight of vehicles sold in the U.S. was well over 4,000 pounds. There was a dip in the average weights in the 1970's and 1980's, due possibly to both higher demand for better gas mileage and a world-wide shortage of crude oil. Then in the 1990's and early 2000's the average weight of vehicles had a steady increase. A regression analysis was completed on the average weight of the 10 most commonly sold vehicles in the U.S. from the years 2012 through the year 2020 and yielded the following results, where the independent variable is the year and the predicted variable is the average weight of the 10 most popular vehicles. Correlation of "Average Weight" and "Year" = r = 0.9283 The regression equation is "Average Weight" = -124,960.73 + 63.82(Year) Choose the most appropriate interpretation of the slope. For every decrease of 1 Year, the Average Weight goes up by 63.82 pounds. For every increase of 1 Year, the Average Weight goes up by 63.82 pounds. For every increase of 1 Year, the Average Weight goes down by 63.82 pounds. For every decrease of 1 Year, the Average Weight goes up by 92.83 pounds. Predict the Average Weight to the nearest pound for the 2015 Year. 3637 pounds This value of Year is beyond the scope of the data. 3615 pounds 3598 pounds
Expert Solution
steps

Step by step

Solved in 4 steps with 9 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman