# HWK 20 - HW20 P596,#27

This preview shows pages 1–2. Sign up to view the full content.

HW20  P596, #27 Business Question: Does the sample data provide evidence that a relationship exists  between selling price of y (Price \$) and x (upper support of backpacking boots)? Data: A sample of 10 different models of day hikers and backpacking boots tested by  Analysis: 1. Estimate the Model SUMMARY OUTPUT Regression Statistics Multiple R 0.89 R Square 0.8 Adjusted R Squa 0.77 Standard Error 17.63 Observations 10 ANOVA df SS MS F ignificance F Regression 1 9836.74 9836.74 31.63 0 Residual 8 2487.66 310.96 Total 9 12324.4 Coefficients tandard Err t Stat P-value Lower 95%Upper 95% Intercept 49.93 21.27 2.35 0.05 0.87 98.99 Support 31.21 5.55 5.62 0 18.41 44 Estimated relationship is: Selling Price= 49.931+ 31.208(Upper Support) For a upper support rating of 4, we would predict the Price= 174.76 w/ a std. error of about \$17.63. 2. Assess the Estimated Model

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 03/31/2011 for the course STATS 211 taught by Professor Dunne during the Spring '07 term at University of Dayton.

### Page1 / 5

HWK 20 - HW20 P596,#27

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online