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Answer the following questions about regression. Let's say that we want to explore how cost and satisfaction with clothing are related. Cost is based on
Answer the following questions about regression. Let's say that we want to explore how cost and satisfaction with clothing are related. Cost is based on amount of dollars and satisfaction is based on a scale from 110. A summary of data collected can be seen below and the regression equation. Cost (dollars) 10 20 20 50 90 125 Satisfaction (1-10) 5 4 6 3 1o 9 Santwn = 0.0444(Cost) + 4.6694 5. If the clothing cost is 550, what is the actual satisfaction? A) 774.285 B) 6.8894 C) 3 D) 6.7213 6. When clothing cost is 550, what is the predicted satisfaction? A) 774.285 B) 6.8894 C) 3 D) 6.7213 7. If the clothing cost is $50, is the residual positive, negative, or neither? A) The residual is positive B) The residual is negative C) The residual is neither positive nor negative
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