Question
The following data show the brand, price ($) and the overall score for six stereo headphones that were tested by Consumer Reports. The overall score
The following data show the brand, price ($) and the overall score for six stereo
headphones that were tested by Consumer Reports. The overall score is based on
sound quality and effectiveness of ambient noise reduction. Scores range from 0
(lowest) to 100 (highest).
Brand. Bose. Skullcandy. Koss. Phillips/ONeill. Denon. JVC
Price ($) 180 150 95 70 70. 35
Score 76 71 61 40 56 26
Some summary statistics:
(Price) = 600; (Price)^2
= 74,950;
(Score) = 330; (Score)^2
= 19,950; (Price)*(Score) = 37,755
a.
Using the summary statistics provided, compute SSx, SSy, and SSxy.
b.
Using your results from part a and the least squares method, find the estimated
regression equation for the data.
c.Using Minitab
, produce output for the regression analysis and compare your results
from part a to the output. (Stat>Regression>Regression>Fit Regression Model)
Coefficients
Term Coef SE Coef T-Value P-Value VIF
Constant 23.19 7.75 2.99 0.040
Price ($) 0.3181 0.0694. 4.59 0.010 1.00
Note: minitab is the part im really struggling with i know how to finish A.) but B and C i need more explanation in how to formulate it
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