Question

In: Statistics and Probability

find the regression? equation, letting the first variable be the predictor? (x) variable. Using the listed?...

find the regression? equation, letting the first variable be the predictor? (x) variable. Using the listed? lemon/crash data, where lemon imports are in metric tons and the fatality rates are per? 100,000 people, find the best predicted crash fatality rate for a year in which there are 525 metric tons of lemon imports. Is the prediction? worthwhile? Lemon Imports 226 270 354 483 544 Crash Fatality Rate 16 15.7 15.5 15.4 15 Find the equation of the regression line y = _ +? _x ?(Round the constant three decimal places as needed. Round the coefficient to six decimal places as needed.

The best predicted crash fatality rate for a year in which there are 525 metric tons of lemon imports is 15.1 fatalities per? 100,000 population.

?(Round to one decimal place as? needed.)

Is the prediction? worthwhile?

A.

Since all of the requirements for finding the equation of the regression line are? met, the prediction is worthwhile.

B.

Since the sample size is? small, the prediction is not appropriate.

C.

Since common sense suggests there should not be much of a relationship between the two? variables, the prediction does not make much sense.

D.

Since there appears to be an? outlier, the prediction is not appropriate.

Solutions

Expert Solution

Result:

find the regression? equation, letting the first variable be the predictor? (x) variable. Using the listed? lemon/crash data, where lemon imports are in metric tons and the fatality rates are per? 100,000 people, find the best predicted crash fatality rate for a year in which there are 525 metric tons of lemon imports. Is the prediction? worthwhile?

LemonImports 226 270 354 483 544

CrashFatalityRate 16 15.7 15.5 15.4 15

Find the equation of the regression line

y = 16.490+( -0.002583)x

?(Round the constant three decimal places as needed. Round the coefficient to six decimal places as needed.

The best predicted crash fatality rate for a year in which there are 525 metric tons of lemon imports is 15.1 fatalities per? 100,000 population.

?(Round to one decimal place as? needed.)Is the prediction? worthwhile?

Answer: A.Since all of the requirements for finding the equation of the regression line are met, the prediction is worthwhile.

B.Since the sample size is? small, the prediction is not appropriate.

C.Since common sense suggests there should not be much of a relationship between the two? variables, the prediction does not make much sense.

D.Since there appears to be an? outlier, the prediction is not appropriate.

Regression Analysis

0.899

n

5

r

-0.948

k

1

Std. Error

0.136

Dep. Var.

CrashFatalityRate

ANOVA table

Source

SS

df

MS

F

p-value

Regression

0.49288556

1  

0.49288556

26.83

.0140

Residual

0.05511444

3  

0.01837148

Total

0.54800000

4  

Regression output

confidence interval

variables

coefficients

std. error

   t (df=3)

p-value

95% lower

95% upper

Intercept

16.489552

0.1968

83.808

3.74E-06

15.8634

17.1157

LemonImports

-0.002583

0.00049863

-5.180

.0140

-0.0042

-0.0010

Predicted values for: CrashFatalityRate

95% Confidence Interval

95% Prediction Interval

LemonImports

Predicted

lower

upper

lower

upper

Leverage

525

15.1336

14.8277

15.4395

14.6048

15.6624

0.503


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