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· = 21.258 + 0.327x,

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

BrandPrice ($)Score
A18076
B15069
C9563
D7054
E7038
F3524

(a)

Compute SST (Total Sum of Squares), SSR (Regression Sum ofSquares), and SSE (Error Sum of Squares). (Round your answers tothree decimal places.)

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

Answer & Explanation Solved by verified expert
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We can use here Excel for regression equationStep 1 Enter data in Excel Step 2 Data Data    See Answer
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