Question: Repeat problem 1023 for the situation in problem 1017. Comment on your results. Recently, research efforts have focused on the problem of predicting a manufacturers
Repeat problem 10–23 for the situation in problem 10–17. Comment on your results.
Recently, research efforts have focused on the problem of predicting a manufacturer’s market share by using information on the quality of its product. Suppose that the following data are available on market share, in percentage (Y), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure (X):
X: 27 39 73 66 33 43 47 55 60 68 70 75 82
Y: 2 3 10 9 4 6 5 8 7 9 10 13 12
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s b 0 8544 s b 1 01534 Estimate of the regression variance is MSE 8122 95 ... View full answer
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