1. Business
  2. Operations Management
  3. the following data were collected during a study of consumer...

Question: the following data were collected during a study of consumer...

Question details

The following data were collected during a study of consumer buying patterns: Observationy Observation 30 77 44 82 34 84 47 92 42 93 32 79 23 78 10 69 19 78 23 87 19 90 32 91 10 12 13 b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent. Omit the % sign in your response.) Approximately 7% of the variation in the dependent variable is explained by the independent variable. d. Use the equation determined in part b to predict the expected value of y for x 43. (Round your intermediate calculations and final answers to 3 decimal places.)
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution