Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1. (10 pts.)The following table contains data on the fat content ( in grams) vs the calories for 18 candy products. A scatter plot

Problem 1. (10 pts.)The following table contains data on the fat content ( in grams) vs the calories for 18 candy products. A scatter plot and a graph of the least squares fit are on the second page.

A.Determine the Pearson correlation coefficient for this data set. (on excel) =CORREL(B2:B19,C2:C19)=0.96

B.Determine the R squared value (on excel) =RSQ(C2:C19,B2:B19)=0.93

C.Determine the best linear fit to the data.

D.Use the best linear fit to estimate the number of calories in a candy bar with 20 grams of fat.

E.Is this a reasonable estimate? Explain you answer.

F.If you are on a diet, which are the two best and two worst candy bars for your diet.

G.Should we use this data to predict the number of calories in a zero fat candy bar.

H.Ignoring diet, which candy bar do you think is the best? (This is just a personal choice.)

image text in transcribedimage text in transcribed
Product Fat Calories 3 Musketeers 12.75 436 Kit Kat 25.99 518 M&M Plain 21.13 492 M&M Peanut 26.13 515 Milky Way 17.23 456 Skittles 4.37 405 Snickers 23.85 491 Starburst 8.36 408 Twix 24.85 502 Mr. Goodbar 33.12 538 100 Grand 19.33 468 Baby Ruth 21.60 459 Bit O'Honey 7.50 375 Butterfinger 18.90 459 Oh Henry! 23.00 462 Reese's Pieces 24.77 497 Tootsie Roll 3.31 387 Twizzlers 2.32 350Fat vs Calories 600 Chart Title 500 .................. .......... 400 300 200 100 0 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00

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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions