Answered step by step
Verified Expert Solution
Question
1 Approved Answer
32. People in the aerospace industry believe the cost of a space project is a function of the weight of the major object being sent
32. People in the aerospace industry believe the cost of a space project is a function of the weight of the major object being sent into space. Use the regression output and scatterplot to answer the following questions: 200 Coefficients 150 Intercept -39.01 100 X Variable 1 66.36 Cost ($ millions) 50 0 0.5 1 1.5 2 2.5 3 3.5 Weight (tons) a. Give and interpret the slope of the prediction equation. (3 points) b. Use the prediction equation to predict the cost (in millions of $) of a space project in which the weight of the major object being sent into space is 2 tons (2 points) c. Can you use the prediction equation to predict the cost (in millions of $) of a space project in which the weight of the major object being sent into space is 6 tons? Explain your answer. (2 points). d. Based on the above information for this problem (and no other information) can we say that the relationship between weight of the major object being sent into space directly causes cost of the space project to increase? In other words - does correlation imply causation?(2 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started