In: Statistics and Probability
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)
1.897
3.019
0.453
0.965
1.058
2.100
2.379
Cost ($ millions)
$53.6
184.9
6.4
23.5
34.2
110.4
104.6
*(Do not round the intermediate values. Round your answers to 4 decimal places.)
**(Round the intermediate values to 4 decimal places. Round your answer to 3 decimal places.)
ŷ = enter a number rounded to 4 decimal places * + enter a number rounded to 4 decimal places * x
r2 = enter a number rounded to 3 decimal places **
se = enter a number rounded to 3 decimal places **
The statistical software output for this problem is :
= -38.2276 + 66.1438 x
r 2 = 0.907
Se = 21.036