Address the following questions in your report: Looking at the data for Fitness Club Membership fees, are there any outliers? If so, which cities? *Use
Address the following questions in your report:
Looking at the data for Fitness Club Membership fees, are there any outliers? If so, which cities? *Use the Lower and Upper Bounds to find outliers (Hint: Review about outliers in our textbook: Measures of the Location of the Data)
Looking at the data for "Cost of Living Index", are there any outliers? If so, which cities? *Again, make sure that you are using the lower and upper bounds to identify outliers.
The "Cost of Living Index" for New Orleans is 74.98. How does this compare to the other cities in this dataset? *Use the provided statistics on Mean, Median, Min, Q1, Q3, and/or Max to for comparison.
Looking at the simple linear regression, is there a significant linear relationship between "Cost of Living Index" and Fitness Club Monthly Fee at significance level ? = 0.05? (HINT: Excel uses scientific notation for small numbers. For example, 1.1623E-6 is the method Excel uses to write 0.0000011623). If significant, interpret the relationship between the "Cost of Living Index" and fitness membership fees (i.e., is there a positive relationship, or a negative relationship?)
The "Cost of Living Index" for New Orleans is 74.98. Predict the Fitness Club Monthly Fee for New Orleans. Provide a 95% prediction interval for your prediction. *This is the ONLY calculation you are asked to do for this project. ALL other calculations are already provided for you in Martha's Excel attachment.
Looking at the multiple linear regression, are there any significant predictors at significance level ? = 0.05? If significant, interpret the relationship between the significant predictor and fitness membership fees (i.e., is there a positive relationship, or a negative relationship?)
The average price of gas for New Orleans is $4.11, the price of a one bedroom apartment is $1,634, and the average monthly salary is $5,107. How do these compare to the other cities in this dataset? *Use the provided statistics on Mean, Median, Min, Q1, Q3, and/or Max for comparison.
BUSN312 week 7 forum 7 20211 x X Math 302 Final Project - 2022 W x X Math 302 Final Project - 2022 W x + Math - Google Sheets X + X > C A docs.google.com/spreadsheets/d/11uSomjg9sorqxpockV3esp81Rf-8qm316Avhtff1qCo/edit#gid=1347048170 Search the menus (Alt+/) 100% * $ % .0 .00 123- Calibri 11 BISA A1 fx city A B C D E F G H I J K L M N 0 Fitness Club, Monthly Fee City for 1 Adult Cost of Living Index 2 Los Angeles $ 44.81 78.91 3 San Francisco $ 93.13 94.41 4 Sacramento $ 54.38 78.41 5 San Diego $ 43.52 77.51 6 Denver 50.17 75.99 7 Washington $ 83.01 35.49 8 Miami $ 45.43 77.39 9 Atlanta $ 37.63 75.88 10 Chicago 53.30 75.61 11 New York $ 107.69 100.00 12 Portland 51.10 78.50 13 Houston $ 40.38 66.06 14 Austin 49.33 65.93 15 Dallas $ 37.79 68.71 16 San Antonio $ 31.42 52.25 17 Seattle 53.52 89.33 18 19 Mean $ 55.41 78.15 20 Median $ 50.22 77.45 21 Standard Deviation $ 21.27 10.25 22 Min $ 31.42 62.25 23 Q1 $ 42.74 73.89 24 Q3 $ 55.83 80.56 or + Simple Linear Regression . Multiple Linear Regression + Explore 3 19:51BUSN312 week 7 forum 7 20211 x X Math 302 Final Project - 2022 W x X Math 302 Final Project - 2022 W x + Math - Google Sheets X + X > C A docs.google.com/spreadsheets/d/11uSomjg9s6rqxpockV3esp81Rf-8qm316Avhtff1qCo/edit#gid=1347048170 Search the menus (Alt+/) 100% * $ % .0 .00 123- Calibri 11 BISA A1 fx city A B C D E F G H I J K L M N 0 25 Max $ 107.69 100.00 26 IOR 13.09 6.67 27 Lower Bound 23.10 53.88 28 Upper Bound S 75.47 90.56 29 30 SUMMARY OUTPUT 31 32 Regression Statistics 33 Multiple R 0.8505372032 34 R Square 0.723413534 35 Adjusted R Square 0.7036573578 36 Standard Error 11.57899303 37 Observations 16 38 39 ANOVA 40 df SS MS F Significance F 41 Regression 1 4909.36503 4909.36503 36.61708261 0.00002981026 42 Residual 14 1877.023114 134.0730796 43 Total 15 6786.388144 44 45 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 46 Intercept 82.51080415 22.97588887 -3.591190948 0.002949593! -131.7891847 -33.23242355 -131.7891847 -33.23242355 47 Cost of Living Index 1.764889767 0.2916592234 6.051205054 0.000029810: 1.139342947 2.390436586 1.139342947 2.390436586 48 + Simple Linear Regression Multiple Linear Regression + Explore M 2 19:51BUSN312 week 7 forum 7 20211 x X Math 302 Final Project - 2022 W x X Math 302 Final Project - 2022 W x + Math - Google Sheets X + X > C A docs.google.com/spreadsheets/d/11uSomjg9sorqxpockV3esp81Rf-8qm316Avhtff1qCo/edit#gid=1094662404 Search the menus (Alt+/) 100% * $ % .0 .00 123- Calibri 11 BISA A1 - fx city A B C F G H I J K L M N Fitness Club, Apartment Average Monthly Fee for | Gasoline per (1 bedroom) Monthly Net City 1 Adult gallon in City Centre Salary 2 Los Angeles $ 44.81 $ 4.47 $ 2,336.03 5,848.84 3 San Francisco 93.13 $ 4.54 $ 2,929.14 $ 7,996.29 Sacramento 54.38 $ 4.28 $ 1,619.00 4,042.06 5 San Diego 13.52 4.35 2,341.45 $ 5,540.39 6 Denver 60.17 $ 3.33 $ 1,792.80 5,160.12 Washington 33.01 3.07 $ 2,191.39 $ 5,870.95 8 Miami 45.43 $ 3.26 $ 2,121.67 $ 3,945.90 Atlanta 37.63 S 3.10 $ 1,610.37 $ 4,861.35 10 Chicago 53.30 $ 3.33 $ 1,830.11 $ 5,466.52 11 107.69 Screen capture . now New York 3.22 $ 3,328.49 $ 6,043.48 12 Portland 51.10 $ 3.60 $ 1,706.04 4,171.05 Screenshot taken 13 Houston 10.38 $ 2.80 $ 1,450.66 $ 5,594.76 Show in folder 14 Austin 49.33 2.88 2,070.56 $ 5,703.37 15 Dallas 37.79 2.57 $ 40 185 1,636.16 $ 5,879.08 16 San Antonio 31.42 $ 2.65 $ 1,305.08 $ 4,202.31 17 Seattle 53.52 3.90 $ 2,023.75 $ 6,915.83 18 19 Mear $ 55.41 $ 3.46 $ 2,018.29 $ 5,452.64 20 Median $ 50.22 3.29 $ 1,926.93 $ 5,567.58 21 Standard Deviation 21.27 S 0.66 534.26 $ 1,079.07 22 Min 31.42 $ 2.57 $ 1,305.08 $ 3,945.90 Copied to clipboard Search + V 23 Q1 42.74 $ 3.02 $ 1,631.87 $ 4,696.59 EDIT DELETE + Simple Linear Regression Multiple Linear Regression M 1 3 19:52BUSN312 week 7 forum 7 20211 x X Math 302 Final Project - 2022 W x X Math 302 Final Project - 2022 W x + Math - Google Sheets X + X > C A docs.google.com/spreadsheets/d/11uSomjg9sorqxpockV3esp81Rf-8qm316Avhtff1qCo/edit#gid=1094662404 Search the menus (Alt+/) 100% * $ % .0 .00 123- Calibri 11 BISA A1 - fx city A B C D E F G H I J K L M N 21 Standard Deviation $ 21.27 $ 0.66 $ 534.26 $ 1,079.07 22 Min $ 31.42 $ 2.57 1,305.08 $ 3,945.90 23 Q1 42.74 3.02 $ 1,631.87 $ 4,696.59 24 Q3 $ 55.83 $ 3.99 $ 2,227.55 $ 5,872.98 25 Max $ 107.69 4.54 $ 3,328.49 $ 7,996.29 26 OR $ 13.09 $ 0.97 $ 595.68 $ 1,176.39 27 Lower Bound $ 23.10 $ 1.56 $ 738.35 $ 2,932.00 28 Upper Bound 75.47 $ 5.46 $ 3,121.07 $ 7,637.57 29 30 31 SUMMARY OUTPUT 32 33 Regression Statistics 34 Multiple R 0.8318282408 35 R Square 0.6919382223 36 Adjusted R Square 0.6149227778 37 Standard Error 13.19920072 38 Observations 16 30 40 ANOVA 41 df SS MS F Significance F 42 Regression 3 4695.761348 1565.253783 8.984408613 0.00214963275 43 Residual 12 2090.626796 174.2188997 44 Total 15 6786.388144 + Simple Linear Regression . Multiple Linear Regression + Explore M 2 19:52BUSN312 week 7 forum 7 20211 x X Math 302 Final Project - 2022 W x X Math 302 Final Project - 2022 W x + Math - Google Sheets X + X > C A docs.google.com/spreadsheets/d/11uSomjg9sorqxpockV3esp81Rf-8qm316Avhtff1qCo/edit#gid=1094662404 Search the menus (Alt+/) 100% * $ % .0 .00 123- Default (Ca.. * 11 . B I S A N28 - fx | A B C D E F G H I J K L M N 35 R Square 0.6919382223 36 Adjusted R Square 0.6149227778 37 Standard Error 13.19920072 38 Observations 16 39 40 ANOVA 41 df SS MS F Significance F 42 Regression 3 4695.761348 1565.253783 8.984408613 0.00214963275 43 Residual 12 2090.626796 174.2188997 44 Tota 15 6786.388144 45 46 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upp Screen capture . now 47 Intercept -3.565401306 22.08242486 -0.1614587768 0.874418607 -51.67887189 44.54806928 -51.67887189 44.5 Screenshot taken 48 Gasoline per gallon -4.70004543 5.754836054 -0.8167123071 0.4300087104 -17.23875606 7.838665196 -17.23875606 7.83 Show in folder 49 Apartment (1 bedroom) in City Centre 0.03346773417 0.00837280569 3.997194657 0.001770612: 0.01522495771 0.051710510 0.0152249577 0.05: 50 Average Monthly Net Salary 0.001409938447 0.003917703219 0.359889039 0.7251843437-0.0071260035 0.009945880.-0.007126003: 0.00: 51 52 53 54 55 56 57 Copied to clipboard Search + V 58 EDIT DELETE + Simple Linear Regression . Multiple Linear Regression 9 1 3 19:52
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