Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below shows a sample of households and two variables:the number of people in the household (x) andthe weekly pounds of trash generated by

The table below shows a sample of households and two variables:the number of people in the household (x) andthe weekly pounds of trash

generated by the household (y).

Number of people in the household (x) Pounds of trash per week generated by the households (y)

2 8

3 33

6 93

1 23

7 83

Questions:

a)Explain the relationship between the amount of trash per week and the number of people in the household using concepts from linear regression.Provide a comprehensive answer that includes explaining the following:

How strong is the relationship between these two variables?Compute the r value, round to 4 decimal places.

b)Interpret the slope of the regression in this problem. What does it tell you about trash generated?

c) The average size of a US household is 2.6 people (Source: US Census Bureau). Predict how much trash per week that household would be expected to generate.

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

Mathematical Analysis For Quantitative Finance

Authors: Daniele Ritelli, Giulia Spaletta

1st Edition

1351245104, 9781351245104

More Books

Students also viewed these Mathematics questions

Question

1. What does this mean for me?

Answered: 1 week ago