regression_predict_PART_1of2 (1)
regression_predict_PART_1of2 (1)
show the upper support and price for each model tested. Upper support was me
1 to 5, with a rating of 1 denoting average upper support and a rating of 5 denotin
a. Use these data to develop and estimated regression equation to estimate the
boot given the upper support rating.
b. Examine the output and determine whether the upper support and price are (s
c. Would you feel comfortable using the estimated regression equation develope
for a day hiker or backpacking boot given the upper support rating?
d. Estimate the price of a day hiker with an upper support rating of 4.
e. Create a scatter plot and superimpose the equation and RSQ obtained via sca
Chart Title
250
150
100
50
0
1.5 2 2.5 3 3.5 4 4.5 5 5.5
models of day hikers and backpacking boots. The following data
each model tested. Upper support was measured using a rating from
age upper support and a rating of 5 denoting excellent upper support.
mated regression equation to estimate the price of a day hiker and backpacking
Price
120
125
130
135
150
189
190
195
200
220
Title
.9306930693069
Newdata
1
4
174.8
.5 4 4.5 5 5.5
r and backpacking
untionality.
Y = a + bX
Price = a + b*Support
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.8933932
R Square 0.7981514
Adjusted R Square 0.7729203
Standard Error 17.633999
Observations 10
ANOVA
df SS MS F Significance F
Regression 1 9836.74 9836.74 31.6337 0.0005
Residual 8 2487.66 310.958
Total 9 12324.4
a. Develop the estimated regression equation with speed as the independent var
b. Compute R^2. What percentage of the variation in price can be explained by
c. Is Speed a (statistical) determinant of Price?
Predict the Price of a Corporate Printer boasting a speed of 15
Regression Statistics
Multiple 0.95019
R Square0.90287
Adjusted 0.87511
Standard281.976
Observatio 10
ANOVA
df SS MS F Significance F
Regressi 2 5E+06 3E+06 32.5325 0.0002856321
Residual 7 556572 79510
Total 9 5729910.9
Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%
1 Intercept 618.373 448.455 1.3789 0.21037 -442.0549332 1678.8 -442.05
0 Type -931.24 247.93 -3.756 0.00711 -1517.499101 -344.98 -1517.5
15 Speed 57.995012 22.964807 2.5253864 0.0394983 3.6918718815693 112.29815 3.6918719
1488.3
Upper 95.0%
1678.8
-344.98
112.29815
Bergans of Norway has been making outdoor gear since 1908. The foll
rating (Deg F) and the price (USD) for 11 models of sleelping bags.
400
350
f(x) = − 5.27719665271967 x + 359.266736401674
R² = 0.804334051751381
300
250
200
150
100
50
0
0 5 10 15 20 25 30 35 40 45 50
since 1908. The following data show the temperature
sleelping bags.
y = a + bx
Price = a + b*Rating
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.8968467
R Square 0.8043341
Adjusted R Square 0.7825934
Standard Error 37.937208
Observations 11
ANOVA
df SS MS F
Regression 1 53246.914 53246.914 36.996762
Residual 9 12953.086 1439.2318
Total 10 66200
Coefficients
Standard Error t Stat P-value
1 Intercept 359.26674 20.064323 17.90575 2.403E-08
20 Rating -5.277197 0.8676038 -6.082496 0.0001831
prediction 253.723
45 50
RESIDUAL OUTPUT
ng is related to position,
MS F Significance F
3.0521 6.3451 0.0031
0.481