In: Statistics and Probability
The accompanying data are x = advertising share and y = market share for a particular brand of cigarettes during 10 randomly selected years.
x | 0.103 | 0.072 | 0.072 | 0.077 | 0.086 | 0.047 | 0.060 | 0.050 | 0.070 | 0.052 |
y | 0.135 | 0.124 | 0.122 | 0.086 | 0.079 | 0.076 | 0.065 | 0.059 | 0.051 | 0.039 |
(a) Calculate the equation of the estimated regression line.
(Round your answers to six decimal places.)
y =
(B) Obtain the predicted market share when the advertising share is
0.09. (Round your answer to five decimal places.)
(____)
(C) Calculate a point estimate of σ. (Round your answer to four decimal places.)
(_____)
The statistical software output for this problem is :
(a)
y = -0.003127 + 1.258741 x
(b)
predicted market share = 0.110159
(c)
A point estimate of σ is 0.026197