Comm 291 Statistics Populations STD Dev Chi Tables 2014 Assignment 3 Berkowitz

Comm 291 Statistics Populations STD Dev Chi Tables 2014 Assignment 3 Berkowitz

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Unformatted text preview: es, that’s the correct word!)? (- - - 0.8052)^2 = 0.65. 65% is the variation in price. d) Based on the statistics above, how effective do you think the odometer reading would be in predicting the sale price of used three-year old Camrys? Explain. Since the correlation is so close to - - - 1 (- - - .08), the odometer reading is very effective in predicting the sale price of a used 3- - - year old Camry. e) Predict the sale price of three-year old Camry with 60,000 kilometres on the odometer. y(hat) = 15.083- - - 0.0418x y(hat) = 15.083- - - 0.0418(60) Y=\$12569.60, therefore, a Camry with 60,000kms will cost \$12569.60 Question 3 – Residual Plots: Motion Picture Industry (yes, again) In Assignment 2, Question 3, you provided scatterplots and regression calculations....
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This document was uploaded on 03/27/2014 for the course COMM 291 at University of British Columbia.

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