The following table reports the price, horsepower, and ¼-mile speed for 16 popular sports and GT cars.
Question:
a. Find the estimated regression equation, which uses price and horsepower to predict ¼-mile speed.
b. Plot the standardized residuals against y. Does the residual plot support the assumption about e? Explain.
c. Check for any outliers. What are your conclusions?
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Related Book For
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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