The Lexus GX is a midsize sport utility vehicle (SUV) sold in North American and Eurasian markets
Question:
a. Plot the data using a scatterplot. How would you describe the relationship between year and sales of the Lexus GX 470?
b. Even though the scatterplot in part a might indicate differently, assume that the relationship between year and sales is linear. Find the least-squares regression line relating the sales of the Lexus GX 470 to the year being measured.
c. Is there sufficient evidence to indicate that sales are linearly related to year? Use a = .05.
d. Examine the diagnostic plots shown below. What can you conclude about the validity of the regression assumptions?
Diagnostic plots for Exercise 12.77
Question Continue to next page
e. Based on your conclusions in part d, is it advisable to predict the 2010 sales using the regression line from part b? Explain.
Step by Step Answer:
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver