4. The equation of the least squares regression line for predicting number of car accidents from...
city code %drivers21 fatal accidents/1000 1 12 1.309 2 5 0 3 12 2.539 4 9 2.003 5 11 2.034 6 14 4.08 7 13 2.639 8 9 0.124 9 6 0 10 10 1.145 11 13 2.719 12 18 3.128 13 10 1.676 14 17 3.769 15 14 2.639 16 13 1.449 17 12 3.121 18 10 2.616 19 9 0.788 20 14 2.631 21 10 1.887 22 12 1 23 9 0.652 24 12 1.209 25 15 0.775...
3. Using data on the appraised value of homes, a real estate agent computes the least- squares regression line for predicting a home's value in 2002 from its value in 1992. The equation of the least-squares regression line is: y $44,000 + 1.8x where y represents a home's value in 2002 and x is the value in 1992 Question: Explain y, $22,000, 1.6 and x separately? Suppose Julia owns a home that was worth S100,000 in 1992. What would be...
Required information Exercise 5A-2 Least-Squares Regression [LO5-11) (The following information applies to the questions displayed below.) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own cal wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the...