The Lexus GX is a midsize sport utility vehicle (SUV) sold in North American and Eurasian markets

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The Lexus GX is a midsize sport utility vehicle (SUV) sold in North American and Eurasian markets by Lexus. The GX 470 was introduced in 2002 (as a 2003 model) and was later upgraded with a new off-road suspension system. The sales of the Lexus GX 470 from its inception until 2009 are given in the table:18
The Lexus GX is a midsize sport utility vehicle (SUV)

a. Plot the data using a scatterplot. How would you describe the relationship between year and sales of the Lexus GX 470?
b. Even though the scatterplot in part a might indicate differently, assume that the relationship between year and sales is linear. Find the least-squares regression line relating the sales of the Lexus GX 470 to the year being measured.
c. Is there sufficient evidence to indicate that sales are linearly related to year? Use a = .05.
d. Examine the diagnostic plots shown below. What can you conclude about the validity of the regression assumptions?
Diagnostic plots for Exercise 12.77
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The Lexus GX is a midsize sport utility vehicle (SUV)
The Lexus GX is a midsize sport utility vehicle (SUV)

e. Based on your conclusions in part d, is it advisable to predict the 2010 sales using the regression line from part b? Explain.

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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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