The following data show the brand, price ($), and the overall score for six stereo headphones that

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The following data show the brand, price ($), and the overall score for six stereo headphones that were tested by Consumer Reports (Consumer Reports website, March 5, 2012). The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 (highest). The estimated regression equation for these data is y^ = 23.194 + .318x, where x = price ($) and y = overall score.
The following data show the brand, price ($), and the

a. Compute SST, SSR, and SSE.
b. Compute the coefficient of determination r2. Comment on the goodness of fit.
c. What is the value of the sample correlation coefficient?

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Statistics For Business & Economics

ISBN: 9781285846323

12th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran

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