11-17-10 --- Chapter 14 Homework

# 11-17-10 --- Chapter 14 Homework - Boat baggagecapacity S14...

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Boat baggage capacity price (\$) S14 4 1595 orinoco 4 1399 outside pro 4 1890 explorer 380X 3 795 river XK2 2.5 600 Sea tiger 4 1995 maverik II 3 1205 starlite 100 2 583 fat pack cat 3 1048 b. positive relationship e. the slope is positive. Therefore, as baggage capacity increases, so does the price f. y= 638.76(3)-859.26       = 1057.02 SUMMARY OUTPUT Regression Statistics Multiple R 0.91 R Square 0.84 Adjusted R Square 0.81 Standard Error 227.47 Observations 9 ANOVA df SS MS F Significance F Regression 1 1858709.27 ### 35.92 0 Residual 7 362206.95 51743.85 Total 8 2220916.22 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -859.26 357.47 -2.4 0.05 -1704.53 -13.98 -1704.53 -13.98 1.5 2 2.5 3 3.5 4 4.5 0 500 1000 1500 2000 2500 f(x) = 638.76x - 859.26 R² = 0.84 #5

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baggage capacity 638.76 106.58 5.99 0 386.74 890.77 386.74 890.77
Production Volume (units) Total Costs (\$) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 b.  \$7.60 c.  r-squared = .9587      95.87% can be explained by production volume d.  y = 7.6(500)+1246.7          = \$5046.70 SUMMARY OUTPUT Regression Statistics Multiple R

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11-17-10 --- Chapter 14 Homework - Boat baggagecapacity S14...

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