Creating a prediction model

Assignment Help Basic Statistics

Reference no: EM1320725

Q1) You wish to find out if negative relationship exists between amount of bottled water someone drinks and their water bill. Place differently, if people drink lot of bottled water do they use less water?

Bottles of water	Gallons of Water Used
44	265
41	445
26	353
21	301
35	149

i) Explain the relationship, if one exists?

ii) Create a prediction model, if suitable.

Reference no: EM1320725

Questions Cloud

Test at significance level-population standard deviation : Using the original data, test at the 5% significance level that the population standard deviation of studying times is greater than 4 hours.

Business of building contractors in partnership : Mark, Matthew and Margaret carried on the business of building contractors in partnership without a written partnership agreement.

Threats against network services : Users are familiar with some network services like HTTP (Hypertext Transport Protocol) - the Web; and SMTP (Simple Mail Transport Protocol) and POP (Post Office Protocol) - e-mail and instant messaging.

Evaluate the exchange in consumer demand trends : Evaluate the exchange in consumer demand trends after the crash for each of the tech stock companies you researched. Provide examples with your evaluation and use graphics such as charts, when applicable.

Creating a prediction model : You wish to find out if negative relationship exists between amount of bottled water someone drinks and their water bill. Create a prediction model, if suitable.

Make a graph to visualize the problem of hypotheses test : While dealing with 16 students, suppose that the alternative hypothesis has been one-sided and that it was set as Ha :

Finding regression model using anova table : Using ANOVA summary table, find out if regression model is significant.

Developing partial risk and mitigation plan : Develop a partial risk and mitigation plan for three different risks that could be affiliated with a construction project to add a new facility on a college campus.

Developing application dislaying button and label on screen : Develop an application which shows a button and a label on the screen. Each time the button is pushed, the label will show a random number between 1 and 100.

User Account

All Pages