Question: A consumer analyst collected the following data on the screen sizes of popular LCD televisions sold recently at a large retailer: a. Does there appear

A consumer analyst collected the following data on the screen sizes of popular LCD televisions sold recently at a large retailer:

A consumer analyst collected the following data on the screen

a. Does there appear to be a linear relationship between the screen size and the price?
b. Which variable is the €œdependent€ variable?
c. Using statistical software, determine the regression equation. Interpret the value of the slope in the regression equation.
d. Include the manufacturer in a multiple linear regression analysis using a €œdummy€ variable. Does it appear that some manufacturers can command a premium price?
e. Test each of the individual coefficients to see if they are significant.
f. Make a plot of the residuals and comment on whether they appear to follow a normal distribution.
g. Plot the residuals versus the fitted values. Do they seem to have the same amount ofvariation?

Manufacturer Screen Manufacture Screen 37 32 52 40 Samsun Samsun Samsun Samsun Samsun 52 40 52 46 52 4 Samsun

Step by Step Solution

3.33 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The correlation of Screen and Price is 0893 So there does appear to be a linear relationship betwe... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

356-M-S-L-R (656).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!