Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How would you solve the below? A regression of the gas mileage of a car (Mileage, measured in miles per gallon or mpg) on the

How would you solve the below?

A regression of the gas mileage of a car (Mileage, measured in miles per gallon or mpg) on the car's weight (measured in kilograms or kg) using a random sample of cars weighing 900-4000 kg yields the following

Mileage = 55.56 - 0.0082 x Weight

If the average weight of cars in the sample is 3580 kg, the average gas mileage in the sample will be ______ mpg. (Rounded to nearest two decimal points)

Suppose that a car weighs 3580 kg and its actual mileage is 25.84 mpg

The OLS residual in the case is _______ mpg. (Rounded to nearest two decimal points)

Suppose you want to use the estimated regression line to predict the mileage of a bus which weighs around 16,000 kg. Which of the following statements is true?

A. The estimate from the OLS regression line would be unreliable as the data did not include vehicles weighing more than 4000 kg

B. According to the OLS regression line, the predicted mileage given the weight of the bus is 25.84 mpg.

C. The predicted mileage given the weight of the bus will be the same as the average gas mileage in the sample, i.e., 26.20 mpg.

D. According to the OLS regression line, the predicted mileage given the weight of the bus is 186.76 mpg.

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

Step: 3

blur-text-image

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

College Algebra (Subscription)

Authors: Michael Sullivan

10th Edition

0134178246, 9780134178240

More Books

Students also viewed these Mathematics questions

Question

b. Where is it located (hospital, research institute, university)?

Answered: 1 week ago