Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A car dealership wanted to know if there is a - 599m The closer the correlation coefcient, r. is to O, * 1 point the

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
A car dealership wanted to know if there is a - 599m The closer the correlation coefcient, r. is to O, * 1 point the better the regression equation fits the set of data. relationship between a customer's income and how much they spend on a vehicle. Recorded below are the annual incomes of customers along with the price of the car that they purchase. The numbers were put into a linear regression app and the following data was 0 False determined: m = 0.392, b = 9.286 and r = 0.876. Match the question in each row with the correct column choice. NOTE: Note every column is a correct answer! An error in regression analysis occurs when * 1 point m, that\"! making a correlation conclusion that is based ' 7 i on too much data. The correlation coefficient, r, for a set of data is * 1 point - 0.5. Which percent represents the accuracy of predictions made from a model of this data (coefficient of determination as a percent)? Perfect Strong Weak 0.392 $56 326 Moderate 9.286 35633 f 3213;19?oooooooo ES:.JL"oooooooo If a person makes What do you know about the slope of the line * 1 point S1ZDK ' , . . . y (5120 of best fit If the coeffrcrent of determination (r- 000) per = - , ? year, how 0 O O O O O O O squared value) 0 5 much will they 0 It can be positive or negative spend on a car? 0 It is positive i What is , the y- 0 O O O O O O O 0 It is negative ' intercept? O Slope of the line of best fit cannot be determined Which is the best description of percentile? * 1 point 0 The number of people below you on a sorted list Ire-um W New\". The percent ranking of a score from the bottom of a sorted list 0 The percent ranking of a score from the top of a sorted list The mark on a test converted to percent Bias that occurs in a survey that contains a * 1 point leading question is called measurement bias 0 :1 5 Human error may result in measurement bias in * 1 point reading and recording measurements In a survey, a leading question is one that * 1 point causes respondents to favour a certain answer An outlier can be the same as a point of 1 point influence. The correlation coefficient equals two times * 1 point the coefficient of determination Answer the questions below based on the * 5 points following linear regression output provided from a linear regression app: m: -3.5, b = 10, r = -O.4 Weak Moderate Strong Downward Upward Calculate y if x = 2 00000 Describe the direction of the O O O O O slope of the line Describe theOOOOO correlation Provide they- 0 O O O O intercept

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_2

Step: 3

blur-text-image_3

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

Advanced Engineering Mathematics, Enhanced

Authors: Erwin Kreyszig

10th Edition

1119446848, 9781119446842

More Books

Students also viewed these Mathematics questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago