Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

To help consumers in purchasing a laptop computer, Consumer Reports calculates an overall test score for each computer tested based upon rating factors such as

image text in transcribed
To help consumers in purchasing a laptop computer, Consumer Reports calculates an overall test score for each computer tested based upon rating factors such as ergonomics, portability, performance, display, and battery life. Higher overall scores indicate better test results. The following data show the average retail price and the overall score for ten 13inch models.1' Irand & Model Price (s) 05233 (3) Develop a scatter diagram with price as the independent variable. 85 85 80 80 I) OJ lg 75 E 75 2 70 2 7D 0 E 65 E 65 Ha d) I 5 60 8 60 55 55 600 800 1000 1200 1400 600 O Pricecsl @O 85 . . . 85 80 . 80 I) . d) E 75 . 75 u: 70 VI 70 ' E 5 65 a 3'3 65 o 8 50 S 60 55 55 I I I i I 600 800 1000 1200 1400 600 O Pncecsi (30 (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? 0 There appears to be a negative linear relationship between price ($) and overall score. Q There appears to be a positive linear relationship between price (1;) and overall score. 0 There appears to be no noticeable relationship between price {$) and overall score. (c) Use the least squares method to develop the estimated regression equation. (Round your numerical values to three decimal places). y: (d) Provide an interpretation of the slope of the estimated regression equation. 0 The slope gives the change in the price for every one point increase in the overal O The slope gives the change in the price for every one point decrease in the overa O The slope gives the change in the overal! score for every one dollar increase in tl O The slope gives the overall score when the price is $0. 0 The slope gives the price when the overall score is 0. (e) Suppose the price for another laptop that Consumer Reports tested was $1,250. Predict the overall score for this laptop using the estimated regression equation developed in part (c). (Round your answer to one decimal place.) \\

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

College Algebra (Subscription)

Authors: Mark Dugopolski

6th Edition

0321916670, 9780321916679

More Books

Students also viewed these Mathematics questions

Question

How are most students funded?

Answered: 1 week ago