Chapter 12: Q.37 (page 718)
Perform linear regression. What is the linear equation? Round to the nearest whole number.
Short Answer
The linear equation
Chapter 12: Q.37 (page 718)
Perform linear regression. What is the linear equation? Round to the nearest whole number.
The linear equation
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Get started for free58. Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined:
of goal reached | 100 | 120 | ||
Incentive | n/a | with an additional added per percentage point from | with an additional added per percentage point from | with an additional added per percentage point from |
If a loan officer makes of his or her goal, write the linear function that applies based on the incentive plan table. In context, explain the
-intercept and slope.
The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is where x is the number of hours passed in an eight-hour day of trading.
What are the slope and y-intercept? Interpret their meaning.
Solve.
a. When
b. When
c. When Why doesn’t this answer make sense
Write the equation: ŷ= ____________
Identify the potential outlier in the scatter plot. The standard deviation of the residuals or errors is approximately 8.6
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