ZuoTi.Pro
Question

9) 14.59 95% CI for slope (not asked in the question)
59. The regional transit authority for a major metropolitan area wants to determine whether there is any relationship between the age of a bus and the annual maintenance cost. A sample of 10 buses resulted in the following data. Age of Bus (years) Maintenance Cost ($) 350 370 480 520 590 550 750 800 790 950 a. Develop the least squares estimated regression equation. b. Test to see whether the two variables are significantly related with a .05 c. Did the least squares line provide a good fit to the observed data? Explain. d. Develop a 95% prediction interval for the maintenance cost for a specific bus that is 4 years old.

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

Answer Date: 04/12/2018 a) Theregression equationmaintenance cost )onage By using Excel software, findregression equation with help offollowing steps 1) Import the data. 2) Select Data Analysis from Data menu. 3) Select Regression and click Ok. 4)Input Y Range and Input X range 5) Click Ok.

0 0
Add a comment
Know the answer?
Add Answer to:
9) 14.59 95% CI for slope (not asked in the question) 59. The regional transit authority...
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

  • 3. The regional transit authority for a major metropolitan area wants to determine whether there is...

    3. The regional transit authority for a major metropolitan area wants to determine whether there is w e ar relationship between the mileage of a bus and the market resale value of the bus. A very small random sample! resulted in the following data Bus Mileage Resale Value (in 1000 of Miles)__(in $1000) a. Use the method of OLS to compute the slope and intercept of sample linear regression line. You need to decide which one is the dependent variable....

  • The regional transit authority for a major metropolitan area wants to determine whether there is any...

    The regional transit authority for a major metropolitan area wants to determine whether there is any linear relationship between the mileage of a bus and the market resale value of the bus. A very small random sample resulted in the following data: Bus Mileage Resale Value (In 1000 of Miles)       (In $1000) 5 58       3 90 4 85 2 96 5 64 5 57 a. Use the method of OLS to compute the slope and intercept of sample linear regression...

  • Question 2 A research firm collected data on a sample of n= 30 drivers to investigate...

    Question 2 A research firm collected data on a sample of n= 30 drivers to investigate the relationship between the age of a driver and the distance the driver can see. The data is given below: Age Distance Age Distance 18 510 55 420 20 590 63 350 22 560 65 420 23 510 66 300 23 460 67 410 25 490 68 300 27 560 70 390 28 510 71 320 29 460 72 370 32 410 73 280...

  • How can we assess whether a project is a success or a failure? This case presents...

    How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...

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