Question

People in the aerospace industry believe the cost of a space project is a function of the mass of the major object being sent into space.
Use the following data to develop a regression model to predict the cost of a space project by the mass of the space object.
Determine r2 and se.

Weight (tons)     Cost ($ millions)
1.897                         $53.6
3.019                         184.2
0.453                          6.4
0.9993                       23.5
1.058                         34.3
2.100                        110.4
2.407                        104.6

(Do not round the intermediate values for y and x. Round your answers to 4 decimal places.)

(Round the intermediate values to 4 decimal places for r2 and se. Round your answer to 3 decimal places.)

y = _____ + ____ x

r2 = _____

se = _____

Answer 1