Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A travel agent reviewed 33 domestic flights in the Southwest to determine if there was a relationship between the distance travelled and the ticket

1. A travel agent reviewed 33 domestic flights in the Southwest to determine if there was a relationship between the distance travelled and the ticket price. a) Prepare two scatter plots from this data, one showing Distance as the independent variable and one showing distance as the dependent variable Properly format (trend line with equation, modify equation with variable names rather than x & y, axes labels, etc.) these scatterplots and paste them into the Word document with Figure numbers. b) Identify which scatterplot correctly represents the relationship between distance and price. Write an interpretation that includes a discussion of model fit, as well as an interpretation of the coefficients in the regression equation. c) Create an ANOVA table for the relationship between distance and price that you selected in (b) (using Excel's Regression procedure), format it to show no more than 3 decimal places and remove duplicate columns. Copy and paste it into the Word document. d) Perform a residual analysis on your selected model. You should include a histogram of the residuals and plot of the residuals as a function of the independent variable (X). Paste these charts into the Word document and provide an interpretation of each chart including which assumption of a linear model you are testing. Be sure to review the video provided to you on how to complete this analysis. e) Predict the price if the distance of the trip was 750 miles. Show how you calculated this value, not just the final value.

Price Distance
109 636
252 2395
221 2176
151 605
138 403
209 1258
254 264
259 627
215 2342
128 177
348 2521
224 1050
175 441
256 1021
121 336
252 752
206 1333
167 1460
308 2350
152 621
175 737
191 853
231 1894
251 2465
291 1891
260 1028
123 545
211 1489
139 452
243 969
197 1748
237 1480
273 1621

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry (Subscription)

Authors: Mark Dugopolski

5th Edition

0135207487, 9780135207482

More Books

Students also viewed these Mathematics questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago