Asked by Maria Elizabeth
The data below represents six years of the harvest of oranges in millions of boxes and the price per 75 pound box.
(a) Plot the data and calculate the regression line. Plot that line.
(b)Calculate the coefficient of determination
(c)What percent of the variation in price is explained by the size of the harvest?
(d)Calculate the residual for the last point.
(e)Predict the price if the harvest were 30 million; 60 million. Which prediction is more reliable and why?
(a) Plot the data and calculate the regression line. Plot that line.
(b)Calculate the coefficient of determination
(c)What percent of the variation in price is explained by the size of the harvest?
(d)Calculate the residual for the last point.
(e)Predict the price if the harvest were 30 million; 60 million. Which prediction is more reliable and why?
Answers
Answered by
Maria Elizabeth
Chart:
H= Harvest
P = Price
H 72 69 58 70 65 54
P $5.40 6.10 9.30 6.50 7.20 13.40
H= Harvest
P = Price
H 72 69 58 70 65 54
P $5.40 6.10 9.30 6.50 7.20 13.40
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.