Question

In: Statistics and Probability

Below is a table of the growth of the Corona Virus in USA and the requests...

Below is a table of the growth of the Corona Virus in USA and the requests for masks.

date corona cases #of masks req in millions
3/22/2020 32 2
3/23/2020 42 4
3/24/2020 52 8
3/25/2020 64 12
3/26/2020 81 20
3/27/2020 101 30
3/28/2020 121 40
3/29/2020 140 60
3/30/2020 160 90
3/31/2020 186 110
4/1/2020 212 120
4/2/2020 241 200
4/3/2020 273 300

Using causal with masks being the dependent variable. Generate a forecast for the number of masks requested based on the number of Corona cases in the USA. Use a linear regression line. Write the equation as y-hat = a + bx. X is the number of Corona cases and y-hat is the number of masks requested.

What is the value of "a"?

What is the value of "b" ? (Three decimals for both answer.)

Solutions

Expert Solution

a = -62.179

b = 1.058

0.881
r   0.938
Std. Error   32.102
n   13
k   1
Dep. Var. #of masks req in millions
ANOVA table
Source SS   df   MS F p-value
Regression 83,683.4375 1   83,683.4375 81.21 2.07E-06
Residual 11,335.6395 11   1,030.5127
Total 95,019.0769 12  
Regression output confidence interval
variables coefficients std. error    t (df=11) p-value 95% lower 95% upper
Intercept -62.179
corona cases 1.058 0.1174 9.011 2.07E-06 0.7998 1.3167

Related Solutions

the corona virus pandemic is set to bring down the country's GDP growth from an all...
the corona virus pandemic is set to bring down the country's GDP growth from an all time high 8.15% recorded in Bangladesh in the last fiscal year to straight 1.6% this fiscal year according to world bank.The government though is holding out for an 8.2% growth next fiscal year.How do you incorporate your idea to manage this sky high target of GDP and modern monetary policy (of Quantity theory of money and Phillips curve)?
How is Corona virus and chemistry related .what role does Chemistry play in this corona virus.
How is Corona virus and chemistry related .what role does Chemistry play in this corona virus.
currently we are dealing with Corona virus pandemic. Let's explore about Corona virus through this discussion....
currently we are dealing with Corona virus pandemic. Let's explore about Corona virus through this discussion. Describe structure, classification, mode of viral replication, cultivation techniques, prevention and treatment of this virus. (Make sure you answer for all of these characteristics)
change in Amazon Campany due to Corona virus.
change in Amazon Campany due to Corona virus.
What is the impact of the corona-virus pandemic on GDP?
What is the impact of the corona-virus pandemic on GDP?
what is the effect of transportation sector in corona virus
what is the effect of transportation sector in corona virus
Impact of Corona Virus (COVID-19) on the economy?
Impact of Corona Virus (COVID-19) on the economy?
How is corona virus affecting American economy?
How is corona virus affecting American economy?
what is the effect of education sector in corona virus
what is the effect of education sector in corona virus
what is the effect of agriculture sector in corona virus
what is the effect of agriculture sector in corona virus
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT