The data in the table represent the number of licensed drivers in various age groups and...

80.2K

Verified Solution

Question

Statistics

The data in the table represent the number of licensed driversin various age groups and the number of fatal accidents within theage group by gender. Complete parts​ (a) to​ (c) below.

Age   Number_of_Male_Licensed_Drivers_(000s),Number_of_Fatal_Crashes, Number_of_Female_Licensed_Drivers0000s),Number_of_Fatal_Crashes
<_16   12   227   12  77
16-20   6424   5180  6139   2113
21-24   6936   5016  6816   1550
25-34   18068   8565  17664   2780
35-44   20406   7990  20061   2742
45-54   19898   7126  19984   2285
55-64   14363   4527  14441   1514
65-74   8194   2274  8398   938
>_74   4803   2022  5375   957

(a) Find the​ least-squares regression line for males treatingthe number of licensed drivers as the explanatory​ variable, x, andthe number of fatal​ crashes, y, as the response variable. Repeatthis procedure for females.

(b) Interpret the slope of the​ least-squares regression linefor each​ gender, if appropriate. How might an insurance companyuse this​ information?

(c) Was the number of fatal accidents for 16 to 20 year oldmales above or below​average? Was the number of fatal accidents for21 to 24 year old males above or below​average? Was the number offatal accidents for males greater than 74 years old above or below​average? How might an insurance company use this​ information? Doesthe same relationship hold for​ females?

Answer & Explanation Solved by verified expert
4.3 Ratings (515 Votes)
For malesStep 1 Put the data in excel as shown and arrange thevariables as shownStep 2 Select the regression option from the data analysistabStep 3 Input the values as shown belowStep 4 The output is generated as followsThe regression equation This equation is obtained fromcoefficient of the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students