Explain why the value should not be interpreted as a slope

Assignment Help Basic Statistics
Reference no: EM131404530

Cars with catalytic converters

A quadratic model was applied to motor vehicle toxic emissions data collected over 15 recent years in Mexico City (Environmental Science and Engineering, September 1, 2000). The following equation was used to predict the percentage (y) of motor vehicles without catalytic converters in the Mexico City fleet for a given year

(x): yˆ = 325,790 - 321.67x + 0.794x2.

(a) Explain why the value βˆ0 = 325,790 has no practical interpretation.

(b) Explain why the value βˆ1 = -321.67 should not be interpreted as a slope.

(c) Examine the value of βˆ2 to determine the nature of the curvature (upward or downward) in the sample data.

(d) The researchers used the model to estimate ‘‘that just after the year 2021 the fleet of cars with catalytic converters will completely disappear.'' Comment on the danger of using the model to predict y in the year 2021.

Reference no: EM131404530

Questions Cloud

Compute the components of the cash flow diagram : The data shown in the table below come from the annual reports of three local companies: Trimeris, Martin Marietta Materials and IBM. Units are shown. For each company: Compute the components of the cash flow diagram (i.e. Arrows 1-5). Show your wo..
Construct a scatterplot for the data : Construct a scatterplot for the data. What type of relationship, linear or curvilinear, appears to exist between failure time and solder temperature?
Why do new products fail : Fidelity Corp. earned a 10 percent profit margin last year, and it wants to continue that margin next year. Unfortunately, Fidelity's costs have increased dramatically. In order to achieve its profit margin goal, it must increase its prices dramat..
How many units does the company need to sell to breakeven : ACT 5140- How many units does the company need to sell to breakeven? How much revenue does the company need to generate to breakeven? How many units does the company need to sell to earn an operating profit of $500,000 ?
Explain why the value should not be interpreted as a slope : Explain why the value βˆ0 = 325,790 has no practical interpretation.- Explain why the value βˆ1 = -321.67 should not be interpreted as a slope.
What is the probability that an accident involved a sports c : Compare this figure and your answer to (a), and comment on whether the type of car and degree of injury are independent.
What is the probability that a respondent is from hungary : Compare your answers to (a) and (d), and comment on whether the country of residence of a respondent and brand recognition are independent.
Set up the null and alternative hypothesis to test theory : The researchers hypothesized that leadership ability will increase at a decreasing rate with assertiveness. Set up the null and alternative hypothesis to test this theory.
Why was mark initial forecast of call volume so far off : Define a problem statement which reflects the challenge facing Mark as he planned for the opening of the new center. Why was Mark's initial forecast of call volume so far off?  What could have been the reasons for this

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd