Question: Q 2 . ( 4 5 points ) Given below is data regarding Price & Quality ratings of different Treadmills in the market alongwith the
Q 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 Rsquare value represent? c Is Price a significant factor in overall customer satisfaction score at confidence level? d Is Quality a significant factor in overall customer satisafction score at confidence level? e Estimate the score of a treadmill whose Price is $ and which has a Very Good rating. Show your working. Brand & Model Price $ Quality Score Landice L Excellent NordicTrack S Very good SportsArt Excellent Precor Excellent True Z HRC Excellent Vision Fitness T Excellent Precor M Excellent Vision Fitness T Very good Star Trac TR Very good Trimline THR Very good Schwinn p Very good Bowflex Series Excellent NordicTrack S Very good Horizon Fitness PST Very good Horizon Fitness T Very good Evo by Smooth Fitness FX Very good ProForm S Very good Horizon Fitness CST Very good Keys Fitness t Very good Smooth Fitness HR Pro Very good NordicTrack C Good Spirit Inspire Very good ProForm Good Image R Good Q 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
lb What does the R square value represent?
c Is Price a significant factor in overall customer satisfaction score at confidence level?
d Is Quality a significant factor in overall customer satisafction score at confidence level?
le Estimate the score of a treadmill whose Price is $ and which has a Very Good rating. Show your working.
Brand & Model quad Price $ Quality Score
andiceL
NordicTrack S
SportsArt
Precor
True Z HRC
Vision Fitness T
Precor M
Vision Fitness T
Star Trac TR
Trimline THR
Schwinn p
Bowflex Series
NordicTrack S
Horizon Fitness PST
Horizon Fitness T
Evo by Smooth Fitness FX
ProForm S
Horizon Fitness CST
Keys Fitness t
Smooth Fitness HR Pro
NordicTrack C
Spirit Inspire
ProForm
Image R
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