Final Project Vanessa Harrison-Harvey BUS308 Essentials of Business Statistics Instructor: Glenn Daniels whitethorn 2, 2012 reference I: 1. Calculate the mean social classly pry utilize the average ordnance prices by month set in motion in the Final Project Data Set. 2. Using the geezerhood as your x-axis and the annual mean as your y-axis, create a scatterplot and a unidimensional obsession origin. 3. Answer the fol pitifuling questions using your scatterplot and broadcast travelar turnaround commercial enterprise: a. What is the slope of the boundaryar regression line? Slope = 0.0647 $/ gallon/year b. What is the Y-intercept of the linear regress line? -127.64 $/gal c. What is the par of the linear regression line in slope-intercept form? y = 0.0647x 127.64 d. Based on the linear regression line, what would be an estimated woo of gas in the year 2020? Y(2020) = $3.054/gal e. What are the residuals of each y ear? See column designate Residual f. Select a current price that you hold in seen or paid belatedly for gas. Is that price within the digress of the linear regression line or is it an outlier? $3.59/gal. The is outside the throw off (Max of regression line is $3.129 g. Is it within the confidence interval of 5% or either abate? No. The price is 31% greater than the range of the regression line.
FINAL PROJECT: shoot a line PRICES VANESSA HARRISON-HARVEY BUS308 ESSENTIALS OF BUSINESS STATISTICS teacher: GLENN DANIELS MAY 1, 2012 Running mind: Gas Prices1 The world has seen forceful cha nges in the price of natural gas because of! the need for the consumer. Ten perhaps even fifteen days gas prices were as low as $.99, and today it is a totally different scenario found on the point that economically the price of gas has touch on us as consumers as well as gas companies. One manner pricing will affect my club is based on the shipping prices. When gas prices go up, our steer companies charge us more to ship and receive goods, and the charges glitter our product...If you want to build up a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment