M Sign in to your ac x Order 4687188 - [ x Email Verification X Student Portal | M X K SYM-506 Class Re X Question 9 - Topi X Gcu Portal X h Halo X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fn... A Q G . . . Topic 7 Assignment Saved Help Save & Exit Submit Check my work 9 Exercise 13-60 (Algo) (LO13-5) 2.5 Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distance between the points burning house and the nearest fire station. This information will be used in setting rates for insurance coverage. For a sample of 30 claims for the last year, the director of the actuarial department determined the distance from the fire station (x) and the amount of fire damage, In thousands of dollars ()). The MegaStat output is reported here: ANOVA table Book Source 55 df MS Regression 1, 835.5782 1 1, 835. 5782 40.4537 Residual 1, 270. 4934 28 45 . 3748 Total 3, 106.0716 29 References Regression output Variables Coefficients Std. Error t(df=28) Intercept 13. 6904 3.0467 2.427 Distance-X 3. 2931 0. 5178 6.36 + Click here for the Excel Data File Required: a-1. Determine the regression equation. (Round your answers to 3 decimal places.) y = a-2. Is there a direct or indirect relationship between the distance from the fire station and the amount of fire damage? The relationship between distance and damage is MC Hill 559 W 9:28 PM Clear Search a 11/23/2022 3M Sign in to your ac x Order 4687188 - [ x Email Verification X Student Portal | M X 5 SYM-506 Class Re X Question 9 - Topi X Gcu Portal X h Halo X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fn... A Q G . . . Topic 7 Assignment Saved Help Save & Exit Submit Check my work 9 b. How much damage would you estimate for a fire 4 miles from the nearest fire station? (Round your answer to the nearest dollar 2.5 amount.) points Estimated damage 2Book References O + c-1. Determine and interpret the coefficient of determination. (Round your answer to 3 decimal places.) Coefficient of determination c-2. Fill in the blank below. (Round your answer to one decimal place.) % of the variation in damage is explained by variation in distance. Graw Hill 55 Search W 9:28 PM Clear a 11/23/2022 3M Sign in to your ac x Order 4687188 - [ x Email Verification X Student Portal | M X K SYM-506 Class Re X Question 9 - Topi X Gcu Portal X h Halo X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fn... A Q G . . . Topic 7 Assignment Saved Help Save & Exit Submit Check my work 9 d-1. Determine the correlation coefficient. (Round your answer to 3 decimal places.) 2.5 Correlation coefficient Points 2Book In References + d-2. Choose the right option. There is a fairly solid link between the variables. d-3. How did you determine the sign of the correlation coefficient? It is because the slope is Graw Hill 55 Clear Search a W 9:28 PM 11/23/2022 3M Sign in to your ac X Order 4687188 - [ x Email Verification X Student Portal | M X 5 SYM-506 Class Re X Question 9 - Topi X Gcu Portal X h Halo X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fn... A Q G . . . Topic 7 Assignment Saved Help Save & Exit Submit Check my work 9 e-1. State the decision rule for 0.01 significance level: Ho : p = 0; H1 : p # 0. (Negative value should be Indicated by a minus sign. Round your answers to 3 decimal places.) Reject Ho ift | ort = 2.5 points 2Book In References + e-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.) Value of the test statistic e-3. Is there any significant relationship between the distance from the fire station and the amount of damage? Use the 0.01 significance level. Ho. There is relationship between distance and fire damage. MS CO3 55 W 9:28 PM Clear Search a 11/23/2022 3