Question: Q 2 . ( 4 5 points ) Given below is data regarding Price & Quality ratings of different Treadmills in the market alongwith the

Q2.(45 points) Given below is data regarding Price & Quality ratings of different Treadmills in the market alongwith the Satisfaction Scores assigned by customers to each of the brands. Run a regression to determine if the Satisfaction Scores of the different brands is related to Price and Quality and answer the following questions. a. Write the regression equation based on the output (use the names of the variables). b. What does the R-square value represent? c. Is Price a significant factor in overall customer satisfaction score at 95% confidence level? d. Is Quality a significant factor in overall customer satisafction score at 95% confidence level? e. Estimate the score of a treadmill whose Price is $2500 and which has a Very Good rating. Show your working. Brand & Model Price ($) Quality Score Landice L72900 Excellent 86 NordicTrack S30003500 Very good 85 SportsArt 31102900 Excellent 82 Precor 3500 Excellent 81 True Z4 HRC 2300 Excellent 81 Vision Fitness T95002000 Excellent 81 Precor M 9.313000 Excellent 79 Vision Fitness T92001300 Very good 78 Star Trac TR9013200 Very good 72 Trimline T350HR 1600 Very good 72 Schwinn 820p 1300 Very good 69 Bowflex 7-Series 1500 Excellent 83 NordicTrack S19002600 Very good 83 Horizon Fitness PST81600 Very good 82 Horizon Fitness 5.2T 1800 Very good 80 Evo by Smooth Fitness FX301700 Very good 75 ProForm 1000S 1600 Very good 75 Horizon Fitness CST4.51000 Very good 74 Keys Fitness 320t 1200 Very good 73 Smooth Fitness 7.1HR Pro 1600 Very good 73 NordicTrack C23001000 Good 70 Spirit Inspire 1400 Very good 70 ProForm 7501000 Good 67 Image 19.0 R 600 Good 661 Q2.(45 points)
2 Given below is data regarding Price \& Quality ratings of different Treadmills in the market alongwith the Satisfaction Scores assigned by customers to each of the brands.
3 Run a regression to determine if the Satisfaction Scores of the different brands is related to Price and Quality and answer the following questions.
4 a. Write the regression equation based on the output (use the names of the variables).
5 lb. What does the R -square value represent?
6 c. Is Price a significant factor in overall customer satisfaction score at \(95\%\) confidence level?
7 d. Is Quality a significant factor in overall customer satisafction score at \(95\%\) confidence level?
8 le. Estimate the score of a treadmill whose Price is \(\$ 2500\) and which has a Very Good rating. Show your working.
10 Brand \& Model \(\quad \) Price (\$) Quality Score
11|andiceL7
12 NordicTrack S3000
13 SportsArt 3110
14 Precor
15 True Z4 HRC
16 Vision Fitness T9500
17 Precor M 9.31
18 Vision Fitness T9200
19 Star Trac TR901
20 Trimline T350HR
21 Schwinn 820p
22 Bowflex 7-Series
23 NordicTrack S1900
24 Horizon Fitness PST8
25 Horizon Fitness 5.2T
26 Evo by Smooth Fitness FX30
27 ProForm 1000S
28 Horizon Fitness CST4.5
29 Keys Fitness 320t
30 Smooth Fitness 7.1HR Pro
31 NordicTrack C2300
32 Spirit Inspire
33 ProForm 750
34 Image 19.0R
Q 2 . ( 4 5 points ) Given below is data

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