Answer the questions below to the best of your ability. When appropriate, include the Statistix printout in the indicated spot for the problem. When making interpretations, always interpret in the words of the problem (WOP). I have indicated where the TAs will be specifically looking for the words!!! Good luck!
PART I – Data Description – Answer these questions for your automobile data as they apply to a simple linear regression analysis that attempts to predict the price of an automobile based on the mileage of the automobile (we will ignore both TRANS and MODEL for the SLR questions)
Experimental Unit:
Dependent Variable:
Independent Variable:
Provide the Quiz 4 printout necessary for conducting a SLR analysis of your project data. Use y=price as your dependent variable and x=mileage as your independent variable. Copy and paste the printout here:
PART II – Model Interpretations – Answer the following questions about your regression model.
Ha: ____________
P-value: _____________
For the prediction and confidence interval, use the independent variable from observation #5 as your value of X. Copy and paste the printout here (it is the same one I asked for in Quiz 5:
a.
b.
c.
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