Question
Part A- Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample
Part A- Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output is provided.
The regression equation is Price = 15.2 - 0.0101 Mileage - 1.55 Age
Predictor | Coef | SE Coef | T | P |
Constant | 15.2174 | 0.6112 | 24.90 | 0.000 |
Mileage | -0.01005 | 0.01977 | -0.51 | 0.616 |
Age | -1.5466 | 0.3508 | -4.41 | 0.000 |
S = 1.39445 R-Sq = 89.0% R-Sq(adj) = 88.0%
One of the cars in the sample was a 5-year-old Hyundai Elantra with 87.1 (thousands) of miles being sold for $6,000. What is the residual for the car?
Data were collected on the age (in years), mileage (in thousands of miles), and price (in thousands of dollars) of a random sample of used Hyundai Elantras. Output is provided.
The regression equation is Price = 15.2 - 0.0101 Mileage - 1.55 Age
Predictor | Coef | SE Coef | T | P |
Constant | 15.2174 | 0.6112 | 24.90 | 0.000 |
Mileage | -0.01005 | 0.01977 | -0.51 | 0.616 |
Age | -1.5466 | 0.3508 | -4.41 | 0.000 |
S = 1.39445 R-Sq = 89.0% R-Sq(adj) = 88.0%
One of the cars in the sample was a 5-year-old Hyundai Elantra with 87.1 (thousands) of miles being sold for $6,000. What is the residual for the car?
A. 5
B. 570
C. -570
D. -880
E. 87.1
F. 880
Part B- For the relationship between Calories and Carbs, r-squared was = 88.8%. Describe what r-squared means, in general, and what r-squared of 88.8% means.
A. 88% of total y variability is unexplained by the relationship between carbs and calories.
B. 88% of total y variability has been explained by the relationship between carbs and calories.
C. 12% of total y variability has been explained by the relationship between carbs and calories.
D. 88% of the ordered pairs are within 1 standard deviation of the line of best fit.
Part C- For the relationship between Calories and Carbs, here is the equation of the line of best fit: Regression Equation: Calories = 2.36 + 4.432 Carbs
What would you predict for the number of Calories if a cereal had 28 Carbs?
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