Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed lemon/crash
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Question:
Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed lemon/crash data, where lemon imports are in metric tons and the fatality rates are per 100,000 people, find the best predicted crash fatality rate for a year in which there are 500 metric tons of lemon imports. Is the prediction worthwhile? Use a significance level of 0.05.
Lemon Imports
225
263
351
482
510
Crash fatality rate
15.9
15.7
15.4
15.4
15
Expert Answer:
To find the regression equation we need to perform a series of steps which include calculating the means of the variables the slope b1 the yintercept ... View the full answer
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