Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the foreman of the Bar-S cattle ranch in Colorado. A neighboring ranch has calves for sale, and you are going to buy some

You are the foreman of the Bar-S cattle ranch in Colorado. A neighboring ranch has calves for sale, and you are going to buy some calves to add to the Bar-S herd. How much should a healthy calf weigh? Letxbe the age of the calf (in weeks), and letybe the weight of the calf (in kilograms).

x1511162636y394773100150200

Complete parts (a) through (e), givenx=95,y=609,x2=2375,y2=81,559,x y=13,777,andr0.997.

(a)

Make a scatter diagram of the data. (Select the correct graph.)

(b)

Verify the given sumsx,y,x2,y2,x y, and the value of the sample correlation coefficientr. (For each answer, enter a number. Round your value forrto three decimal places.)

x=

y=

x2=

y2=

x y=

r=

(c)

Find, and. Then find the equation of the least-squares line=a+b x. (For each answer, enter a number. Round your answers forandto two decimal places. Round your answers foraandbto three decimal places.)

=

x bar =

=

y bar =

=

value of a coefficient

value of b coefficient

(d)

Graph the least-squares line. Be sure to plot the point (,) as a point on the line. (Select the correct graph.)

(e)

Find the value of the coefficient of determinationr2. What percentage of the variation inycan beexplainedby the corresponding variation inxand the least-squares line? What percentage isunexplained? (For each answer, enter a number. Round your answer forr2to three decimal places. Round your answers for the percentages to one decimal place.)

r2=

explained =%

unexplained =%

(f)

The calves you want to buy are14weeks old.What does the least-squares line predict for a healthy weight (in kg)? (Enter a number. Round your answer to two decimal places.)

kg

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

Evaluate: a) P(10,7) = b) P(5, 3) = c) C(8, 6) = d) C(4, 1) =

Answered: 1 week ago