You work as a data scientist for a real estate company in a seaside resort town. Your boss has asked you to discover if it's possible to predict how much ahome's distance from the water affects its selling price. You are going to collect a random sample of 7 recently sold homes in your town. You will note thedistance each home is from the water (denoted by x, in km) and each home's selling price (denoted by y, in hundreds of thousands of dollars). You will also notethe product x.y of the distance from the water and selling price for each home. (These products are written in the row labeled "xy").(a) Click on "Take Sample" to see the results for your random sample.Distance from thewater, .x(in km)Take SampleSelling price, y(in hundreds of thousandsof dollars)xySend data to calculatorBased on the data from your sample, enter the indicated values in the column on the left below. Round decimal values to three decimal places. Whenyou are done, select "Compute". (In the table below, 72 is the sample size and the symbol Σxy means the sum of the values xy.)72: 0?Sample correlation coefficient (7):x: 07:0Slope (b₁):y-intercept (b):Exy:[]Compute

Answered: Image /qna-images/answer/bc539f62-8eab-4b8e-b7e0-50bfbc82b4bc.jpg

Answered: You work as a data scientist for a real…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The sheet called HousePr contains data on prices of houses that have sold recently and two attributes of the house – the number of bedrooms and the size. Column 1 is the selling price of the house in thousands of dollars and column 2 is the size in hundreds of square feet.a. Draw a scattergram of price vs size. Discuss whether this scattergram supports an assumption of a linear relationship between price and size.b. Using Excel, obtain the equation of the linear regression line that fits this data for price vs. size.c. Using relevant Excel output, discuss whether the true slope of the regression line is different from zero.d. What is the expected price for a house with size 2000 square feet? Using relevant Excel output, discuss whether the margin of error of this expected price will be low or high.e. Using Excel, obtain the equation of the linear regression line that fits this data for price vs. number of bedrooms. Is the true slope different from zero?f. What is the expected price for…
Answer this question in R. Show as much of your work as possible.
John finds r=-.60 between the variable of number of hours studied (X) and number of errors on a statistics test (Y). He also finds r= +.30 between the variables of size of the classroom (X) and number of errors on the test (Y). (a) describe the relative shapes of the two scatterplots (b) describe the relative amount of variability in Y scores at each X in each study (c) describe the relative closeness of Y scores to the regression line in each study
Grass buffer strips are grassy areas that are planted between bodies of water and agricultural fields. These strips are designed to filter out sediment, organic material, nutrients, and chemicals carried in runoff water. The figure [SEE PHOTO A] below shows a cross-sectional view of a grass buffer strip that has been planted along the side of a stream. A study in Nebraska investigated the use of buffer strips of several widths between 5 feet and 15 feet. The study results indicated a linear relationship between the width of the grass strip (x), in feet, and the amount of nitrogen removed from the runoff water (y), in parts per hundred. The following model was estimated. yˆ = 33.8 + 3.6x A scientist in California wants to know if there is a similar relationship in her area. To investigate this, she will place a grass buffer strip between a field and a nearby stream at each of eight different locations and measure the amount of nitrogen that the grass buffer strip removes, in parts per…
Suppose an oceanographer monitors the daily salinity of a particular ocean in relation to the temperature of the water. The oceanographer plots the data with temperature, in degrees Celsius (°C), along the horizontal axis and salinity, in parts per thousand (ppt), along the vertical axis. Select the true statement about the data point identified by the arrow. An ocean temperature of 21 °C causes the salinity to be 29 ppt. The predicted salinity is 29 ppt when the ocean temperature for the day is 21 °C. An ocean temperature of 29 °C corresponds to a salinity level of 21 ppt. The observed salinity is 29 ppt when the ocean temperature for the day is 21 °C. There is no relationship between the temperature of the ocean on a given day and salinity.
A linear model fit to predict weekly Sales of frozen pizza (in kilograms) from the average Price (in dollars per unit) charged by a sample of stores in 41 recent weeks is Sales = 141,870.25-24,445.32 Price. For the data used to create the model, the average Sales was 52,750 kilograms (SD = 10,282 kilograms) and the correlation between Price and Sales was r=-0.554. If the Price in a particular week was 2 SD higher than the mean Price, how much pizza would the model predict was sold that week? The model would predict that kilograms of frozen pizza were sold. (Round to the nearest integer as needed.)
ologist was recording various temperatures (in degrees Celsius) and predicting the amount of glucose produced by a plant (in milligrams). Suppose the linear equation was the following: ?̂ = 12.7 − 0.223? Suppose the correlation coefficient was −0.12. How would you classify the correlation between temperature and amount of glucose?
Sheila's doctor is concerned that she may suffer from gestational diabetes (high blood glucose levels during pregnancy). There is variation both in the actual glucose level and in the blood test that measures the level. A patient is classified as having gestational diabetes if the glucose level is above 140 miligrams per deciliter (mg/dl) one hour after having a sugary drink. Sheila's measured glucose level one hour after the sugary drink varies according to the Normal distribution with μμ = 120 mg/dl and σσ = 10 mg/dl. (a) If a single glucose measurement is made, what is the probability that Sheila is diagnosed as having gestational diabetes?(b) If measurements are made on 5 separate days and the mean result is compared with the criterion 140 mg/dl, what is the probability that Sheila is diagnosed as having gestational diabetes?
Please help me better understand this problem. Researchers want to determine if heavier cars use more gasoline? To answer this question, a researcher randomly selected 15 cars. He collected their weight (in hundreds of pounds) and the mileage (MPG) for each car. From a scatterplot made with the data, a linear model seemed appropriate and the following output was obtained in photo below. Question: Determine the proportion of the variation in mileage is accounted for by the linear relationship with the weight of the car and also determine the estimate of the regression standard deviation.
You make the bold assumption that there is a linear relationship between number of ads and sales revenues. Find the intercept, b0, and the slope, b1, of the estimated regression equation that will minimize the sum of square residuals.
A patient is classified as having gestational diabetes if their average glucose level is above 140 milligrams per deciliter (mg/dl) one hour after a sugary drink is ingested. Rebecca's doctor is concerned that she may suffer from gestational diabetes. There is variation both in the actual glucose level and in the blood test that measures the level. Rebecca's measured glucose level one hour after ingesting the sugary drink varies according to the Normal distribution with μ=140+5 mg/dl and σ=5+1 mg/dl. Using the Central Limit Theorem, determine the probability of Rebecca being diagnosed with gestational diabetes if her glucose level is measured: Once? n=5+2 times n=5+4 times Comment on the relationship between the probabilities observed in (a), (b), and (c). Explain, using concepts from lecture why this occurs and what it means in context.
We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of fifteen homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Also given is the product of the distance from the beach and the house price for each of the fifteen houses. (These products, written in the column labelled "xy", may aid in calculations.) Distance from the beach, x (in miles) Selling price, y (in thousands of dollars) xy 5.0 270.1 1350.5 11.5 205.9 2367.85 5.9 309.4 1825.46 12.2 200.6 2447.32 2.6 307.1 798.46 5.9 266.0 1569.4 8.3 297.3 2467.59 18.3 224.2 4102.86 6.5 242.4 1575.6 12.1 192.6 2330.46 11.6 229.4 2661.04 9.5 230.9 2193.55 10.1 277.0 2797.7 13.5 270.8 3655.8 6.2…

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS