Question

Develop the estimated regression equation that can be used to predict the price given the weight. Also report the standard error of the estimate, , and . The regression equation is (to 1 decimal) (to 4 decimals) (to 4 decimals) (to 4 decimals) Test for the significance of the relationship at the .05 level of significance. -value is (to 4 decimals). We _________ that the two variables are related. Did the estimated regression equation provide a good fit

Answer 1

Following are the response to the given question:

Explanation:

For question 1:

Following are the regression equation:

`price = 2044.03 - 28.35 \ \ (weight)`

`\sigma = 94.353\\\\R^2 = 0.7647\\\\R^2\ (adj.) = 0.75\\\\`

For question 2:

Test of connection importance at 5 percent significance:

`p-value < 0.000001\\\\p-value< 0.05`

Two variables could be said to be connected.

For question 3:

`R^2 = 0.7647`

The computed equations of the regression fit well.