Assume that the regression equation for the following data is: Mileage = 37.775 – (1.696 *...
Assume that the regression equation for the following data is:
Mileage = 37.775 – (1.696 * age of car)
|
Age of car (years) |
Mileage |
|
1.00 |
40.00 |
|
1.00 |
25.00 |
|
2.00 |
37.00 |
|
2.00 |
35.00 |
|
3.00 |
36.00 |
|
3.00 |
35.00 |
|
4.00 |
32.00 |
|
5.00 |
30.00 |
|
6.00 |
25.00 |
|
10.00 |
20.00 |
The predicted mileage for a 8 year old car would be ?
A) 23.4
B) 24.2
C) 24.9
D) 25.1
What about for a 20 year old car?
A) 7.41
B) 5.23
C) 3.85
D) -2.58
E) None, it would be inappropriate to make this estimate
Homework Answers
We have given ,
Mileage = 37.775 – (1.696 * age of car)
Question 1) For x= for a 8 year old car
=> Mileage = 37.775 – (1.696 * 8)
=24.2
Question 2)
For x= for a 20 year old car
=> Mileage = 37.775 – (1.696 * 20)
=3.85
|
Question 1) B) 24.2 Question 2) E) None, it would be inappropriate to
make this estimate |
Add Answer to:
Assume that the regression equation for the following data
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0
na
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What is your rate of return if the stock sells for $35.15 per
share? (Enter the rates of return for the 3-month period.)
(Negative values should be indicated by a minus sign. Do
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average
fixed
cost
average
variable
cost
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total
coast
marginal
cost
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na
$0.00
$0.00
na
1
$60.00
$45.00
$105.00
$45.00
2
$30.00
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3
$20.00
$40.00
$60.00
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8
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$40.63
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