Question
In: Statistics and Probability
1. (Data Below) Outside Magazine tested 9 different models of day hikers and backpacking boots. The...
1. (Data Below) Outside Magazine tested 9 different models of day hikers and backpacking boots. The following data show the upper support and price for each model tested. Upper support was measured using a rating from 1 to 5, with a rating of 1 denoting average upper support and a rating of 5 denoting excellent upper support.
- Use these data to develop an estimated regression equation to estimate the price of a day hiker and backpacking boot given the upper support rating. Write down the estimated regression equation for this problem.
- At a .10 level of significance, determine whether upper support and price are related.
- Would you feel comfortable using the estimated regression equation developed in part (a) to estimate the price for a day hiker or backpacking boot given the upper support rating? Explain the basis for your answer.
- Estimate the price for a day hiker with an upper support rating of 4.
- Find the 90% Confidence and Prediction Intervals for the data in part (d).
- Provide an interpretation for the slope of the estimated regression equation.
| Model | Upper Support | Price |
| Super Raid | 2 | 120 |
| Prime | 3 | 125 |
| Challenger | 3 | 130 |
| GTX | 3 | 135 |
| Magimio | 3 | 150 |
| LL | 5 | 189 |
| Kibo | 5 | 190 |
| Asolo | 4 | 195 |
| GTX | 4 | 200 |
Solutions
orchestra answered 1 year agoRelated Solutions
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