Regression Least Square Line

Business & Finance, Business Reference, Business Communication
Cover of the book Regression Least Square Line by Homework Help Classof1, Classof1
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Author: Homework Help Classof1 ISBN: 1230000114837
Publisher: Classof1 Publication: March 13, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000114837
Publisher: Classof1
Publication: March 13, 2013
Imprint:
Language: English

"Thirty seniors at Council High School were randomly selected and are asked to report age (in years) and mileage of their primary vehicles. Here are the data that were collected:
R denotes an observation with a large standardized residual
X denotes an observation whose X value gives it large influence.
(a) Describe the relationship between vehicle age and mileage. Include a comment on the strength of association.
(b) Determine the slope of the least-square line. Interpret the slope in the context of this problem.
(c) Determine the intercept of the least-square line. Interpret the intercept in the context of this problem.
(d) Minitab reports that R-sq = 77.0% for these data. Write a sentence that explains the significance of this number
"

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"Thirty seniors at Council High School were randomly selected and are asked to report age (in years) and mileage of their primary vehicles. Here are the data that were collected:
R denotes an observation with a large standardized residual
X denotes an observation whose X value gives it large influence.
(a) Describe the relationship between vehicle age and mileage. Include a comment on the strength of association.
(b) Determine the slope of the least-square line. Interpret the slope in the context of this problem.
(c) Determine the intercept of the least-square line. Interpret the intercept in the context of this problem.
(d) Minitab reports that R-sq = 77.0% for these data. Write a sentence that explains the significance of this number
"

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