In: Statistics and Probability
#6
The accompanying data are x = advertising share and y = market share for a particular brand of cigarettes during 10 randomly selected years.
x | 0.102 | 0.072 | 0.071 | 0.077 | 0.086 | 0.047 | 0.060 | 0.050 | 0.070 | 0.052 |
y | 0.138 | 0.125 | 0.120 | 0.086 | 0.079 | 0.076 | 0.065 | 0.059 | 0.051 | 0.039 |
(a) Calculate the equation of the estimated regression line.
(Round your answers to six decimal places.)
y =
Obtain the predicted market share when the advertising share is
0.09. (Round your answer to five decimal places.)
(b) Compute r2. (Round your answer to three
decimal places.)
(c) Calculate a point estimate of σ. (Round your answer to
four decimal places.)
On how many degrees of freedom is your estimate based?