Given the correlation r = 0.307 and the least-squares prediction equation Y = 55.6 + 18.2X, find
Question:
Given the correlation r = 0.307 and the least-squares prediction equation Y = 55.6 + 18.2X, find the predicted value for Y when X is $25.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
The predicte...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Consider the model: y = β0 + β1x1 + β2x2 + β3x3 + ε where x1 is a quantitative variable and x2 and x3 are dummy variables describing a...
-
The Minitab printout below resulted from fitting the following model to n = 15 data points: y = 0 + 1x1 + 2x2 + where a. Report the least squares prediction equation. b. Interpret the values of 1...
-
The model relating the mean DDT level E(y) of contaminated fish to x1 = miles captured upstream, x2 = length, and x3 = weight. Now consider a model for E(y) as a function of both weight and species...
-
Histogram. Suppose that the standard input stream is a sequence of double values. Write a program that takes an integer n and two real numbers lo and hi as command-line arguments and uses StdDraw to...
-
Here are simplified financial statements for Phone Corporation in a recent year: Calculate the following financial ratios for Phone Corporation: a. Return on equity b. Return on assets c. Return on...
-
Consider a project to supply Detroit with 35,000 tons of machine screws annually for automobile production. You will need an initial $5,200,000 investment in threading equipment to get the project...
-
Find the area to the right of 40.256 under the chi-square distribution with 30 degrees of freedom.
-
Sandler Company completed the following two transactions. The annual accounting period ends December 31. a. On December 31, calculated the payroll, which indicates gross earnings for wages ($...
-
Sell of Process Further Rose Hill, a soybean farm in northern Minnesota, has a herd of 38 dairy cows. The cows produce approximately 2,100 gallons of milk per week. The farm currently sells all its...
-
What are the zero prices for the 6-month, the 1-year, the 18-month, and the 2-year Treasury securities above, respectively? 2. What is the 1-year forward rate beginning 6 months from today? 3. Given...
-
Given the correlation r = -0.603 and the least-squares prediction equation Y = 38.25.3X, find the predicted value for Y when X is 15.
-
One day your factory used $385 worth of electricity to produce 132 items. On a second day, $506 worth of electricity was consumed to produce 183 items. On a third day, the numbers were $261 and 105....
-
At Frigicor, the standard price for the M640 electrical relay (a component used in the production of a commercial refrigeration unit) is $57. Standards call for 2.5 relays per unit of finished...
-
Write a function to count the number of 1 bits in an unsigned 32-bit integer.
-
This chapter discusses companies that are oligopolists in the market for the goods they sell. Many of the same ideas apply to companies that are oligopolists in the market for the inputs they buy. If...
-
In an x-ray diffraction experiment on a crystal that has a cubic lattice, the smallest Bragg angle at which you see a peak in the intensity of diffraction pattern is \(15.00^{\circ}\). If the...
-
When governments levy indirect taxes, they may have to take into account what type of goods are covered by those taxes, what the impact is likely to be on consumers and whether the impact is...
-
A monochromatic \(x\)-ray beam that has a wavelength of \(0.5 \times 10^{-10} \mathrm{~m}\) strikes a sodium chloride crystal. The \(m=1\) Bragg angle is observed to be \(5.12^{\circ}\). What is (a)...
-
In October 2001, Black, the owner of the Grand Opera House, and Harvey entered into a written agreement leasing the Opera House to Harvey for five years at a rental of $30,000 per year. Harvey...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
Mr. K. R. Wood, president of Broccoli Enterprises, is interested in the data shown in Table 18.5.4, representing the lengths of broccoli trees after cutting. a. Find the average, , and the range, R,...
-
Why is it worth the effort to learn about statistics? a. Answer for management in general.
-
What distinguishes data mining from other statistical methods? What methods, in addition to those of statistics, are often used in data mining?
-
An object is moving with an initial velocity of 4 0 m / s west. If it has a constant acceleration of 6 m / s ^ 2 due east, what is its velocity after 5 seconds? How long did it move at that time?
-
Haliburton Mills Inc. is a large producer of men's and women's clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given...
-
A block with a mass of 11 kg is placed on a inclined plane with an angle of inclination of 45 degrees. The coefficient of kinetic friction between the block and the surface is 0 . 2 . a . Calculate...
Study smarter with the SolutionInn App