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
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a. Does there appear to be a linear relationship between the screen size and the price?
b. Which variable is the dependent 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 dummy 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
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a The correlation of Screen and Price is 0893 So there does appear to be a linear relationship betwe... View full answer
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