Question: (Re How much does it cost to commute to work? How does distance of your commute relate to your fuel usage? Data were collected

(Re How much does it cost to commute to work? How does

(Re How much does it cost to commute to work? How does distance of your commute relate to your fuel usage? Data were collected on distance between a person's home and primary work location (distance) and the person's monthly expenditures on gasoline for their vehicle (gas) for 17 individuals. The regression analysis is given below. One of the 17 individuals in the sample lived 12 miles from work and spent $130.65 on gas. What is this individual's residual value? Give your answer to 2 decimal places. For help on how to input a numeric answer, please see "Instructions for inputting a numeric response." Simple linear regression results: Dependent Variable: gas Independent Variable: distance gas = 100.577934+ 3.0924354 distance Sample size: 17 R (correlation coefficient) = 0.9305 R-sq=0.86577564 Estimate of error standard deviation: 14.578037 Parameter estimates: Parameter Estimate Std. Er. DF T-Stat P-Value Intercept 100.577934 7.3268094 15 13.7273855

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Geary Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new machine press for $791,949 is estimated to result in $224,222 in annual pretax cost savings. The...

Homework 1. Task 1 Find internal forces for the beam bellow. Draw the diagrams of internal forces. The parameters for each student is different and given in the Table 1 bellow. RA M 4 2 35 b Rs c 6)...

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

question 7 How much does it cost to commute to work? How does distance of your commute relate to your fuel usage? Data were collected on distance between a person's home and primary work location...

How much does it cost to commute to work?How does distance of your commute relate to your fuel usage?Data were collected on distance between a person's home and primary work location (distance) and...

Published by CQ Press, an Imprint of SAGE Publications, Inc. www.cqresearcher.com Future of Cars Are Americans ready for self-driving vehicles? C ars that drive themselves, long a staple of science...

Students will review examples and evaluate them. Review these documents and evaluate them (click on the link): https://1drv.ms/w/s!AoYu6G3CLyuakjVCGipkRkNSBVUB?e=jrPXX6...

Questions 1. How will you design a comprehensive (not piecemeal or incomplete) approach to strategic planning for logistics of essential commodities and medicines? List some pressures that are...

Based on the information given in the case study, Share brief answers to below Supplier Financial Analysis Worksheet Purchasers assess supplier financial health for several reasons. The most...

Please summarize below. Global competitive conditions driving the manufacturing location decision Wendy L. Tate , Lisa M. Ellramb, Tobias Schoenherr, Kenneth J. Petersen a a College of Business...

Part 1: Teams Think of a conflict that occurred in a team you were a part of and analyze it. What were the main sources of the conflict? What interventions can be used to improve the quality of...

Use the following normal-form game to answer the questions below. a. For what values of x is strategy D (strictly) dominant for player 2?b. For what values of x is strategy B (strictly) dominant for...

The best type of reward program for the members of a work team depends on: the size of the team. the type of tasks the team performs. how long the team has been in operation. the personalities of the...

A pump forces 1.5 m^3/min of water horizontally from an open well to a closed tank where the pressure is 0.9 MPa. Compute the work the pump must do upon the water in an hour just to force the water...

When preparing Lukes income tax return for the year ended 30 June 2020, you note the following: $ Current year assessable income78,000 Current year allowable deductions (excluding donations to...

You will design and implement your own data class. The class will store data that has been read as user input from the keyboard (see Getting Input below), and provide necessary operations. As the...

Given the following data for the titration of oxalate (C,0,2) ion with zinc ion, write the titration reaction, and calculate the following: Vor = 30.50 ml (Ox?] = 0.1350 M (Zn"] = 0.200 M Ksp = 2.73...

Many proteases are produced as longer precursors, they are activated randomly, and the likeliness of activation increases when they reach the location of the action. True/false

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

=+140, . . . , 180 to 200, devise a frequency distribution based on 70 observations whose histogram could be described as follows: a. symmetric c. positively skewed b. bimodal d. negatively skewed

=+3.31 The clearness index was determined for the skies over Baghdad for each of the 365 days during a particular year (Contribution to the Study of the Solar Radiation Climate of the Baghdad...

=+b. Cloudy days are those with a clearness index smaller than 0.35. What proportion of the days was cloudy? c. Clear days are those for which the index is at least 0.65. What proportion of the days...