Concept explainers
(a)
To explain is a linear model appropriate for these data.
(a)

Answer to Problem R3.3RE
The linear model appropriate for these data.
Explanation of Solution
As the pattern in the
(b)
To find out what is the
(b)

Answer to Problem R3.3RE
Explanation of Solution
Since the slope given in the computer output is positive thus the correlation will be positive. Thus in the computer output it is given that,
Thus the correlation will be as:
The correlation is positive this means that there is a positive relationship between the age and mileage. And it is close to one then it is strong.
(c)
To give the equation of the least square regression line for these data.
(c)

Answer to Problem R3.3RE
Explanation of Solution
It is given in the computer output that:
Thus the regression line will be as:
Where x is age and y is mileage.
(d)
To find and interpret its residual.
(d)

Answer to Problem R3.3RE
Residual is
Explanation of Solution
The regression line is:
Thus the predicted value is :
Thus the residual is as:
This implies that the predicted mileage is
(e)
To interpret the values of s and
(e)

Explanation of Solution
It is given in the computer output that:
When using the least-squares regression equation, where x ( x = age of car) is used to predict y ( y = number of miles driven mileage), the prediction will typically be off by
Chapter 3 Solutions
PRACTICE OF STATISTICS F/AP EXAM
Additional Math Textbook Solutions
Basic Business Statistics, Student Value Edition
Elementary Statistics (13th Edition)
College Algebra (7th Edition)
University Calculus: Early Transcendentals (4th Edition)
Introductory Statistics
A First Course in Probability (10th Edition)
- A marketing agency wants to determine whether different advertising platforms generate significantly different levels of customer engagement. The agency measures the average number of daily clicks on ads for three platforms: Social Media, Search Engines, and Email Campaigns. The agency collects data on daily clicks for each platform over a 10-day period and wants to test whether there is a statistically significant difference in the mean number of daily clicks among these platforms. Conduct ANOVA test. You can provide your answer by inserting a text box and the answer must include: also please provide a step by on getting the answers in excel Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value.arrow_forwardA company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Provide answers in the yellow cellsarrow_forwardBusiness Discussarrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman





