Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Not yet answered Marked out of 1.00 V Flag question Question 2 Not yet answered Marked out of 1.00 V Flag question Question

image text in transcribed
Question 1 Not yet answered Marked out of 1.00 V Flag question Question 2 Not yet answered Marked out of 1.00 V Flag question Question 3 Not yet answered Marked out of 1.00 '7 Flag question Question 1 to 3 is based on the information given below. Jassie is interested in trying to estimate how satisfaction is influenced by the price of her service in Shopee. Using satisfaction as the dependent variable, she conducts a simple linear regression and the data shown below: Satisfaction (Rating) A 5 5 B 2.5 15 C 2 18 D 4.5 8.5 Customer Price (RM) What is the estimated slope for the price and satisfaction? Select one: Q A. -0.319 O B. -0.246 O C. 41.522 0 D. -o.923 What is the estimated y-intercept for the price and satisfaction? Select one: Q a. 9.754 O b. 2.511 O c. 6.396 Q d. 4.223 If the price of the product is set at RM6, calculate the predicted satisfaction rating. Select one: Q a. 4.15 b. 4.88 O O c. 11.6 0 d. 5.0

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

Linear Algebra With Applications

Authors: Gareth Williams

7th Edition

0763790923, 9780763790929

More Books

Students also viewed these Mathematics questions

Question

US accounting is better than German accounting.' Discuss.

Answered: 1 week ago

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago