In: Math
Model |
City MPG |
Weight |
Mazda MX-5 Miata |
25 |
2365 |
Mercedes/Benz SLK |
22 |
3020 |
Mitsubishi Eclipse |
23 |
3235 |
Pontiac Firebird |
18 |
3545 |
Porsche Boxster |
19 |
2905 |
Saturn SC |
27 |
2420 |
Using Minitab software, we get the following output :
The regression line is :
Interpretation of y intercept : When weight = 0 pound, the predicted value of city MPG is 39.68 MPG
Interpretation of slope : For a unit increase in weight, the predicted value of City MPG will decrease by 0.00595 MPG.
The predicted value of city MPG to be for a car that weighs 3000 pounds
= 39.68 - (0.00595*3000)
= 21.83
If a car that weighs 3000 pounds actually gets 32 MPG, residual = actual - predicted = 32 - 21.83 = 10.17
Since residual is quite high, so we can say that this would be unusual.