The following data show the brand, price ($), and the overall score for six stereo headphones...

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Statistics

The following data show the brand, price ($), and the overallscore for six stereo headphones that were tested by a certainmagazine. The overall score is based on sound quality andeffectiveness of ambient noise reduction. Scores range from 0(lowest) to 100 (highest). The estimated regression equation forthese data is

Å· = 23.659 + 0.323x,

where x = price ($) and y = overall score.

BrandPrice ($)Score
A18078
B15073
C9559
D7058
E7040
F3528

(a)

Compute SST, SSR, and SSE. (Round your answers to three decimalplaces.)

SST = SSR = SSE =

(b)

Compute the coefficient of determination

r2.

(Round your answer to three decimal places.)

r2

=

Comment on the goodness of fit. (For purposes of this exercise,consider a proportion large if it is at least 0.55.)

The least squares line provided a good fit as a small proportionof the variability in y has been explained by the leastsquares line.The least squares line provided a good fit as a largeproportion of the variability in y has been explained bythe least squares line.     The leastsquares line did not provide a good fit as a small proportion ofthe variability in y has been explained by the leastsquares line.The least squares line did not provide a good fit as alarge proportion of the variability in y has beenexplained by the least squares line.

(c)

What is the value of the sample correlation coefficient? (Roundyour answer to three decimal places.)

Answer & Explanation Solved by verified expert
4.2 Ratings (893 Votes)
Solution We can use the excel regression dataanalysis tool to find the answer to the given questions The exceloutput is given belowSUMMARY OUTPUTRegression StatisticsMultiple    See Answer
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