Question
Hello, can someone please help me with these two questions? The material does not explain how to figure these out and I am struggling. You
Hello, can someone please help me with these two questions? The material does not explain how to figure these out and I am struggling.
You are estimating the cost of optical sensors based on the radius of the sensors. You decide to calculate the coefficient of determination (R2) as part of determining the goodness of fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its meaning.
[Image Description:
Summation of (Yi-Ybar)2 = 150000, Summation of (Yhat-Ybar)2 = 125000, Summation of (Y-Yhat)2 = 25000]
a.83.33% of the variation in the cost is being explained by the radius.
b.83.33% of the variation in the radius is being explained by the cost.
c.16.67% of the variation in the cost is being explained by the radius.
d. 16.67% of the variation in the radius is being explained by the cost.
Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)
[Table Description: Table listing Unit Number (X) and Unit Cost ($Y).
Unit 1 = $1200.00,
Unit 2 = $975.00,
Unit 3 =$863.48,
Unit 4=$792.19
a. Y = (1200)(X) -0.2065
b.Y = (1200)(X) -0.2996
c. Y = (1200)(X) 0.8667
d. Y = (1200)(X) 0.8125
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