Question

In: Statistics and Probability

2) The following table gives the price (in dollars), weight (in pounds), amps, and maximum cutting...

2) The following table gives the price (in dollars), weight (in pounds), amps, and maximum cutting depth (in inches) for a collection of 19 circular saws.

Price Weight Amps Depth
150 11 15 2.4
110 12 15 2.2
130 11 15 2.4
150 11 15 2.3
140 12 15 2.4
100 11 15 2.4
150 13 15 2.5
90 9 10 2.5
140 11 15 2.4
110 12 15 2.4
70 12 14 2.4
30 10 10 2.5
80 12 13 2.4
50 11 13 2.4
80 13 14 2.4
30 10 12 2.5
50 11 12 2.5
45 11 12 2.5
40 10 12 2.4

a) Make a prediction about the impact of each independent variable on the dependent variable. b) Use graphical summaries to examine the relationship between each pair of variables. What do you see? Are there any unusual observations or outliers? Does the data support your predictions? c) Write the regression equation. d) Estimate the regression model. Interpret the estimated coefficients. e) Predict the price of a circular saw that weighs 10 pounds, uses 12 amps of current, and has a maximum cutting depth of 2.5 inches. f) Describe the fit of the model.

Solutions

Expert Solution

B) attached images

Dose’n show outlier..

C)

Price=−303.4455−10.808⋅weight+25.674⋅Amps+70.0296⋅depth

A) and D) :

price is dependent variable , weight ,Ampsm depth is independent variable

now we can see regression model our independent how to impacted on pricem

weight :
first weight is nigatively impacted on regression model(price),meanse your weight increases by 1 unit( 1pound) then price is decreases by 10.808 doller,

Amps:

Amps is possitively i=affected on price if your Amps increases by 1 unit then price is inceases by 25.674 doller,

depth:

depthis possitively i=affected on price if your depthincreases by 1 unit (1 inches) then price is inceases by 70.0296 doller,

E) weighs 10 pounds, amps 12 amps , depth of 2.5 inches. predict price?

using linear equation: Price=−303.4455−10.808⋅weight+25.674⋅Amps+70.0296⋅depth

Price=-303.4455−10.808*10 +25.674*12+70.0296*2.5

=-303.4455-108.08+307.764+175.074

=71.31

price is 17.31 $

f) Describe the fit of the model.

overall describe the model we can say that Amps and deptha possitively ffected on price, and weight is negatively affected of price.


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