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:

Related Book For book-img-for-question

Practical Business Statistics

ISBN: 9780128042502

7th Edition

Authors: Andrew Siegel

See More Books

Question Posted: Apr 18, 2019 07:45 AM

See More Questions

Consider the model: y = Î²0 + Î²1x1 + Î²2x2 + Î²3x3 + Îµ 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...
Which of the following is a valid primary key for a cash receipt table? a. Purchase order number b. Check number c. Cash receipt number d. Receipt amount
One problem with any product that is mass produced (e.g., a graphing calculator) is quality control. The process must be monitored or audited to be sure that the output of the process conforms to...
When gas expands in a cylinder with radius r, the pressure at any given time is a function of the volume: P = P(V) . The force exerted by the gas on the piston (see the figure) is the product of the...
1.Which of the following is not an issue that the Accessibility Checker evaluates? Tables containing merged cells Documents that have footers Tables containing header rows Hyperlinks that don't have...
With the intent of countering pollution and global warming, the government has created the Ontario Environmental Watchdog Commission. The Commission's role is to track corporate polluters in the...
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....
Johnson Company manufactures widgets. Old Ham Company has approached Jones with a proposal to sell the company one of the components used to make widgets at a price of 5100,000 for 50,000 units....
Ted sold his Microsoft stock for $40,000 paying a commission of $800. He purchased the stock in 2004 for $8,000 and paid commission of $200. What is the recognized gain on the sale?
Liquid water at 80C and at 1atm flows through a heated pipe at a flow rate of 3.1 kg/s. It then leaves the pipe as steam. The water receives 9753840 J of heating from the pipe. Calculate the...
The balance sheet of River Electronics Corporation as of December 31, 2023, included 14.00% bonds having a face amount of $90.7 million. The bonds had been issued in 2016 and had a remaining discount...
The term mutually exclusive means that two events have no common elements in them. The occurrence of one event means that the other other event does not occur. An example of a mutually exclusive...
9a A conical pendulum is made by hanging a mass of 5.0 kg from a large spring of length 1.0 m and spring constant k = 100 N/m. The spring moves in a circle at an angle of 25 deg. When at rest hanging...
For the following exercises, test each equation for symmetry. r = 4 + 4sin
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
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?
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...
You want to invest annual amounts over the next 15 years. If your goal is to have $15,000 at the end of that time and if you can earn 8 percent on your invested funds, how much do you need to invest...

Given the correlation r = 0.307 and the least-squares prediction equation Y = 55.6 + 18.2X, find

Question:

Step by Step Answer:

The predicte...View the full answer

Practical Business Statistics

Students also viewed these Mathematics questions