Determine the least squares regression line

Reference no: EM131408992

For the data in given Exercise, find the standard error of estimate, then construct the 95% prediction interval for boat trailer sales during a year in which the number of boats sold is 500,000.

Exercise
The following data represent x = boat sales and y boat trailer sales from 1995 through 2000.

502_Table 9.jpg

a. Determine the least-squares regression line and interpret its slope.

b. Estimate, for a year during which 500,000 boats are sold, the number of boat trailers that would be sold.

c. What reasons might explain why the number of boat trailers sold per year is less than the number of boats sold per year?

Reference no: EM131408992

Questions Cloud

What is the predicted number of shares of stock owned : Determine the least-squares regression line and interpret its slope.- For an employee who has been with the firm 10 years, what is the predicted number of shares of stock owned?

Characteristics of cancer cells : Explain the characteristics of cancer cells that distinguish them from normal cells?

When you will implement individual or team interventions : When you will implement individual or team interventions. How will these interventions be completed? For example, how many meetings will you conduct? How long will the meetings last? How long will the intervention last?

Difference between mitosis and meiosis : 1) Complete the fallowing Chart comparing the difference between mitosis and meiosis

Determine the least squares regression line : Determine the least-squares regression line and interpret its slope.- Estimate, for a year during which 500,000 boats are sold, the number of boat trailers that would be sold.

Determine the average code word length of the huffman code : Design a Huffman code and sketch the corresponding code tree. Specify the code words for the nine symbols in the alphabet.

Which of your written scenarios is one closest to scenario : Which of your written scenarios is the one closest to the scenario you hope to follow? What are your thoughts about how to provide for a family and how family life should be balanced with work?

Radioactive isotope to find out : Suppose you wanted to discover whether the oxygen atoms in the glucose produced by photosynthesis come from H2O or CO2. Explain how you could use a radioactive isotope to find out.

Misconceptions about cloning : Explain some of the commonly held misconceptions about cloning. Why do you think people have these kinds of misconceptions?

User Account

All Pages