Straight line to a set of data yields

Assignment Help Basic Statistics
Reference no: EM13848471

13.1: Fitting a straight line to a set of data yields the following prediction line:
yt = 2 + 5xi

a. Interpret the meaning of the Y intercept, b0.

b. Interpret the meaning of the slope, b1.

c. Predict the value of Y for X = 3.

13.2: If the values of X in Problem 13.1 range from 2 to 25, should you use this model to predict the mean value of Y when X equals

a. 3? b. -3? c. 0? d. 24?

Analytical Questions:

13.7: Starbucks Coffee Co. uses a data-based approach to improving the quality and customer satisfaction of its products. When survey data indicated that Starbucks needed to improve its package-sealing process, an  experiment was conducted to determine the
factors in the bag-sealing equipment that might be affecting the ease of opening the bagwithout tearing the inner liner of the bag. One factor that could affect the rating of the ability of the bag to resist tears was the plate gap on the bag-sealing equipment. Datawere collected on 19 bags in which the gap plate was varied. The results are stored in Starbucks.

a. Construct a scatter plot

b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients b0 and b1.

c. Interpret the meaning of the slope, b1, in this problem.

d. Predict the tear rating when the plate gap is equal to 0.

13.19: In problem 13.7, you used the plate gap on the bag-sealing equipment to predict the tear rating of a bag of coffee (stored in Starbucks). Using the results of that problem,

a. Determine the coefficient of determination, r2, and interpret its meaning.

b. Determine the standard error of the estimate.

c. How useful do you think this regression model is for predicting the tear rating based on the plate gap in the bag-sealing equipment?

13.27: In problem 13.7, you used the plate gap on the bag-sealing equipment to predict the tear rating of a bag of coffee (stored in Starbucks). Perform a residual analysis for these data. Based on these results, evaluate whether the assumptions of regression have been seriously violated.

Tear

Viscosity

Pressure

Plate Gap

0.00

350.00

180.00

0.00

0.00

350.00

170.00

0.00

0.45

319.00

186.00

1.80

0.85

380.00

174.00

1.80

0.35

350.00

180.00

0.00

0.30

300.00

180.00

0.00

0.70

400.00

180.00

0.00

1.90

350.00

190.00

0.00

0.25

350.00

180.00

0.00

0.10

319.00

186.00

-1.80

0.15

380.00

186.00

-1.80

3.90

350.00

180.00

3.00

0.00

380.00

174.00

-1.80

0.55

350.00

180.00

0.00

0.00

350.00

180.00

-3.00

0.05

319.00

174.00

-1.80

0.40

319.00

174.00

1.80

4.30

380.00

186.00

1.80

0.00

350.00

180.00

0.00

Reference no: EM13848471

Questions Cloud

Comment on the changes in the variables scores : Comment on the changes in the variables scores. The correlation coefficient (r) and the coefficient of determination (r2) found in the Model Summary indicate the strength of the linear trend between the variables.
Before-tax and after-tax rates-corporate bonds : An investor, Terry Noirs, is in the 40% tax bracket and has been contemplating investing in corporate bonds. After a recent stay at the Eiffel Payne Hospital, a not-for-profit hospital, he learned that they will be issuing tax-exempt bonds for a majo..
Straight line to a set of data yields : 13.1: Fitting a straight line to a set of data yields the following prediction line:
Exercise the option or use the spot transaction : Assume you import 1 million Euro of computer from Europe from France and you have to make the payment in Euro and pay in September. To hedge against rate uncertainty, you can buy a September option. If you buy the option, on the maturity date, the sp..
Discuss three standard configuration and security : In addition, discuss three standard configuration and security tools each OS provides. Search the web and describe two third-party or open source tools that can help with managing your OS's security configuration. In what ways do these third-party to..
Financial records-found old amortization schedule : William Chris opened a steak house a few years ago with his sister, Ruth. In going through their financial records they found an old amortization schedule that their lender had prepared when they took out a loan to start the business.
What interest rate would legally have to be quoted : A local finance company quotes an interest rate of 17 percent on one-year loans. So, if you borrow $31,000, the interest for the year will be $5,270. What interest rate would legally have to be quoted? What is the effective annual rate?

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