Heres another model for the MSRP of off-road motorcycles. a) Would this be a good model to
Question:
a) Would this be a good model to use to predict the price of an off-road motorcycle if you knew its bore, clearance, and engine strokes? Explain.
b) The Suzuki DR650SE had an MSRP of $4999 and a 4-stroke engine, with a bore of 100 inches. Can you use this model to estimate its Clearance? Explain.
Transcribed Image Text:
Dependent variable is: MSRP R squared 90.9% R squared (adjusted) = 90.6% s 617.8 with 95 491 degrees of freedom Source Sum of Squares df Mean Square F-ratio Regression Residual Variable Intercept Bore Clearance Engine strokes 455.897 89.88 346795061 3 115598354 303 34733372 91 381685 Coeff SE(Coeff) t-ratio P-value 7.21 0.0001 86.5217 5.450 15.9 0.0001 7.68 <0.0001 5.07 <0.0001 2682.38 371.9 237.731 30.94
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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