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(Solved by Expert Tutors) Please answer the following in attached file: a. Develop a scatter dia


b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?

c. Develop the estimated regression equation. Write down the estimated regression equation for this problem.

d. Provide an interpretation for the slope of the estimated regression equation. (Pay attention to Units while answering the question).

e. Another sporty car that Consumer Reports tested is the BMW 135i; the price for this car was $ 36,700. Predict the road- test score for the BMW 135i using the estimated regression equation developed (Pay attention to Units while answering the question).

f. Find the 98% Confidence and Prediction Intervals for the BMW 135i in part (e).

g. Conduct p-Value as well as Critical-Value based Hypothesis Tests to determine the significance of regression. Use ? = 0.01. Is the regression statistically significant?

 


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DATE ANSWERED

Apr 19, 2020

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