ZuoTi.Pro
Question

1. The following data shows the number of miles driven and advertised price for 11 used Honda CR-Vs from the 2005- 2009 model years (prices found at www.carmax.com). The scatterplot below shows a strong, negative linear association between number of miles and advertised cost. The line on the plot is the regression line for predicting advertised price based on number of miles. Cost (dollars) 17998 16450 14998 13998 14599 14988 13599 14599 11998 14450 10998 18 16 o 14 12 10 Thousand Miles Driven 0 35 39 45 49 20 30 40 50 60 70 80 90 ThousandMilesDriven 56
A. Calculate the cerrelation. What does this value mean in plain English? What is the relative strength of the association? B. What is the least squares regression equation for this association? Define any variables used. C. Determine the y-intercept of the regression equation and interpret the value in context. Does the value have any real- world implications? D. Determine the slope of the regression equation and interpret the value in context. Does the value have any real- world implications? hn nvem je ifor each actolitionalo nile iven , thp rar fals Sb.l6
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

UTP Cost-ly」) 212-211 Aeadven tiscel coston a ane h bed1833 3.2B6-182X S 18a 22 28 his value is intotdsallews paire i sa t L8923-28 y- wven valvnare taken s cattie 度

0 0
Add a comment
Know the answer?
Add Answer to:
1. The following data shows the number of miles driven and advertised price for 11 used...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1. The following data represents the number of days absent and the final grade for a...

    1. The following data represents the number of days absent and the final grade for a sample of college students in a general education course at a large state university. No. of absences 0 1 2 3 4 5 6 7 8 9 Final Grade 89.2 86.4 83.5 81.1 78.2 73.9 64.3 71.8 65.5 66.2 a) Which variable is the explanatory variable? b) Draw a scatter plot and describe your scatter plot (Direction, Strength, Form). c) Compute the correlation coefficient....

  • Question 1 Which of the following choices best describes the scatterplot shown below? Group of answer...

    Question 1 Which of the following choices best describes the scatterplot shown below? Group of answer choices Linear, negative, strong No form, weak Linear, positive, strong Curved, weak Question 2 Which of the following choices is most likely to be the correlation of the data in the scatterplot shown below? Group of answer choices -0.14 1.04 0.86 -0.92 Question 3 Most roller coasters get their speed by dropping down a steep initial incline, so it makes sense that we can...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT