ependent variable is: o Selector squared-48.2% R squared (adjusted)-45.0% dist 2

Question

ependent variable is: o Selector squared-48.2% R squared (adjusted)-45.0% dist 2000 1500 i 1000 s 500 369.3 with 18 - 2 16 degrees of freedom ource Sum of Squares Regression 2030495 Residual df Mean Square F-ratio 2030495 136377 14.9 2182031 16 150 225 300 fare prob 0.1249 0.0014 Coefficient e. of Coeff t-ratio Variable Constant 644.287 397.9 fare 600 300 6.13101 1.589 3.86 Write the equation of the model to estimate how far you could fly for a given price. 300 6. 400 800 1200 predicted(dn 52 7, How far does this model suggest you could fly for the fare you estimated in # 8-10 Copyright 2010 Pearson Education, Inc

Explanation / Answer

Q.6 )

The model to know the how far can fly for given price.

Fly = -644.287 + (6.13101*fare)

(From coefficeint column in above data)

Q.7 )

To slove this question we don't know fare in example 5.

Assume if fare is 5000 ( assume it is in example 5)

fly = - 644.287 + (6.13101*fare)

= -644.287 + (6.13101*5000)

= -644.287 + 30655.05

= 30010.76

Fly = 30010.76

This much we can fly for fare 5000.

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