Question

Automobile racing, high-performance driving schools, and driver education programs run by automobile clubs continue to grow ia. Develop a scatter diagram with weight as the independent variable, Choose the correct a scatter diagram: A. Price 5 1200 1C. Price 1200 1100 1000 900 1600 700 55 Weight (oz) 60 D. [Price (5) 1200 1100 1000- 900 600 700 600 500 400 300 200 50 55 Web. Does there appear to be any relationship between these two variables? There appears to be a - Select your answer linear re

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Answer #1
Weight(X) Price(Y) XY
64 245 15680 4096 60025
64 275 17600 4096 75625
64 205 13120 4096 42025
64 201 12864 4096 40401
58 303 17574 3364 91809
47 709 33323 2209 502681
49 900 44100 2401 810000
59 331 19529 3481 109561
66 204 13464 4356 41616
58 308 17864 3364 94864
58 304 17632 3364 92416
52 489 25428 2704 239121
52 485 25220 2704 235225
63 361 22743 3969 130321
62 370 22940 3844 136900
54 565 30510 2916 319225
63 251 15813 3969 63001
63 279 17577 3969 77841
Ʃx = Ʃy = Ʃxy = Ʃx² = Ʃy² =
1060 6785 382981 62998 3162657
Sample size, n = 18
x̅ = Ʃx/n = 1060/18 = 58.8888889
y̅ = Ʃy/n = 6785/18 = 376.944444
SSxx = Ʃx² - (Ʃx)²/n = 62998 - (1060)²/18 = 575.777778
SSyy = Ʃy² - (Ʃy)²/n = 3162657 - (6785)²/18 = 605088.944
SSxy = Ʃxy - (Ʃx)(Ʃy)/n = 382981 - (1060)(6785)/18 = -16580.111

Sum of Square error, SSE = SSyy -SSxy²/SSxx = 605088.94444 - (-16580.11111)²/575.77778 = 127647.66

Standard error, se = √(SSE/(n-2)) = √(127647.65535/(18-2)) = 89.31953

a) Scatter plot: Answer B.

B. Price $ 55 Weight 02

b) There appears to be a negative linear relationship between variables.

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c) Slope, b = SSxy/SSxx = -16580.11111/575.77778 = -28.79602

y-intercept, a = y̅ -b* x̅ = 376.94444 - (-28.79602)*58.88889 = 2072.7103

Regression equation :

Price = 2072.7 + (-28.8) Weight

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For Intercept :

y-intercept, a = y̅ -b* x̅ = 376.94444 - (-28.79602)*58.88889 = 2072.71

Standard error for Intercept, se(b0) = se*√((1/n) + (x̅²/SSxx)) = 89.31953*√((1/18) + (58.88889²/575.77778)) = 220.2146

t = a /se(b0) = 9.412229

For slope :

Slope, b = SSxy/SSxx = -16580.11111/575.77778 = -28.796

Standard error for slope, se(b1) = se/√SSxx = 89.31953/√575.77778 = 3.7223652

t = b /se(b1) = -7.73595

Coefficients Standard Error t Stat
Constant 2072.7 220.215 9.412
Weight -28.8 3.722 -7.736

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S = se = 89.3196

R Square = (SSxy)²/(SSxx*SSyy)

= (-16580.11111)²/(575.77778*605088.94444) = 0.7890 = 78.90%

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df(Regression) = 1

df(residual) = n-2 = 16

df(total) = n-1 = 17

SSR = SSxy²/SSxx = 477441.29

SSE = SSyy - SSxy²/SSxx =127647.66

SST = SSyy = Ʃy² - (Ʃy)²/n =605088.94

MSR = SSR/df(regression) = 477441.29

MSE = SSE/df(residual) = 7977.9785

F = MSR/MSE = 59.844896

p-value = F.DIST.RT(59.8449, 1, 16) = 0.0000

ANOVA
df SS MS F Significance F
Regression 1 477441.3 477441.3 59.84 0.0000
Residual 16 127647.7 7978.0
Total 17 605088.9

p-value is less than 0.01

d) We can conclude that their is a significant relationship between variables.

e) Correlation coefficient, r = SSxy/√(SSxx*SSyy)

= -16580.11111/√(575.77778*605088.94444) = -0.8883

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