Data Set Figure 4.2 (page 108) shows a strong positive linear relationship. The correlation is r =
Question:
Data Set
Figure 4.2 (page 108) shows a strong positive linear relationship.
The correlation is r = 0.954.
Step 1:
Find the equation of the least-squares line for predicting manatees killed from thousands of boats registered.
Because the linear pattern is so strong, we expect predictions from this line to be quite accurate - but only if conditions in Florida remain similar to those of the past 37 years.
Choose the correct answer below:
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Step 2:
Experts predict that the number of boats registered in Florida will be 890,000 in 2014.
Predict the number of manatees killed by boats in 2014.
Round your answer to a whole number.
Step 3:
Explain why we can trust this prediction.
The prediction is not reliable because the regression line explains 95.3% of the variations in y.
The prediction is reliable because of the strong linear association visible in the scatterplot.
The regression line always gives a good prediction.
r2 is very close to 1, thus ensuring a high prediction accuracy.
Enter the number(s) of the choice(s) you wish to select. Separate multiple selections with commas or semicolons. Your selections:
Step 4:
Predict manatee deaths if there were no boats registered in Florida.
Use the prediction equation in Step 1 of this question and give your answer to 2 decimal places.
Step 5:
Explain why the predicted count of deaths is impossible.
(We use x = 0 to find the intercept of the regression line, but unless the explanatory variable x actually takes values near 0, prediction for x = 0 is an example of extrapolation.)
Choose the correct answer below:
Because x = 0 is far outside the range of values of the explanatory variable.
Because usually, the intercept is a non-accurate prediction.
Because a negative number of deaths makes no sense.
Enter the number(s) of the choice(s) you wish to select. Separate multiple selections with commas or semicolons.
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger