a. An experiment was performed on a certain metal to determine if the strength is a...

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a. An experiment was performed on a certainmetal to determine if the strength is a function of heating time(hours). Results based on 25 metal sheets are given below. Use thesimple linear regression model.
?X = 50
?X2 = 200
?Y = 75
?Y2 = 1600
?XY = 400

Find the estimated y intercept and slope. Write the equation of theleast squares regression line and explain the coefficients.Estimate Y when X is equal to 4 hours. Also determine the standarderror, the Mean Square Error, the coefficient of determination andthe coefficient of correlation. Check the relation betweencorrelation coefficient and Coefficient of Determination. Test thesignificance of the slope.

b. Consumer Reports provided extensivetesting and ratings for more than 100 HDTVs. An overall score,based primarily on picture quality, was developed for each model.In general, a higher overall score indicates better performance.The following (hypothetical) data show the price and overall scorefor the ten 42-inch plasma televisions (Consumer Reportdata slightly changed here):

Brand

Price (X)

Score (Y)

Dell

3800

50

Hisense

2800

45

Hitachi

2700

35

JVC

3000

40

LG

3500

45

Maxent

2000

28

Panasonic

4000

57

Phillips

3200

48

Proview

2000

22

Samsung

3000

30

Use the above data to develop and estimated regression equation.Compute Coefficient of Determination and correlation coefficientand show their relation. Interpret the explanatory power of themodel. Estimate the overall score for a 42-inch plasma televisionwith a price of $3600 and perform significance test for theslope.

Answer & Explanation Solved by verified expert
4.1 Ratings (631 Votes)
a x 50 y 75 xy 400 x 200 y 1600 Sample size n 25 x xn 5025 2 y yn 7525 3 SSxx x xn 200 5025 100 SSyy y yn 1600 7525 1375 SSxy xy xyn 400 507525 250 Slope b SSxySSxx 250100 25 yintercept a y b x 3 252 2 Regression equation y 2 25 x Predicted value of y at x 4 y 2 25 4 8 Sum of Square error SSE SSyy SSxySSxx 1375    See Answer
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