In: Statistics and Probability
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 450 metric tons of lemon imports. Is the prediction worthwhile? Lemon Imports 231 268 350 461 550 Crash Fatality Rate 15.9 15.6 15.2 15.3 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 450 metric tons of lemon imports is ______fatalities per 100,000 population. (Round to one decimal place as needed.)
X is the Lemon Imports and Y is the crash Fatality rate.
Y | X |
15.9 | 231 |
15.6 | 268 |
15.2 | 350 |
15.3 | 461 |
15 | 550 |
The following regression analysis is performed in excel:
SUMMARY OUTPUT | ||
Regression Statistics | ||
Multiple R | 0.887682755 | |
R Square | 0.787980674 | |
Adjusted R Square | 0.717307566 | |
Standard Error | 0.187980197 | |
Observations | 5 | |
ANOVA | ||
df | SS | |
Regression | 1 | 0.393990337 |
Residual | 3 | 0.106009663 |
Total | 4 | 0.5 |
Coefficients | Standard Error | |
Intercept | 16.27763117 | 0.275951013 |
Slope | -0.002359224 | 0.000706543 |
The obtained regression equation is:
The best predicted crash fatality rate for a year in which there are 450 metric tons of lemon imports is calculated as:
The best predicted crash fatality rate for a year in which there are 450 metric tons of lemon imports is ____15.2__fatalities per 100,000 population.