Question

In: Statistics and Probability

The accompanying data are x = advertising share and y = market share for a particular...

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.)

(_____)

Solutions

Expert Solution

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


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