The data in the table represent the number of licensed drivers in various age groups and...

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Statistics

The data in the table represent the number of licensed driversin various age groups and the number of fatal accidents within theage group by gender. Complete parts​ (a) to​ (c) below.

AgeĂ‚ Ă‚ Ă‚ Number_of_Male_Licensed_Drivers_(000s),Number_of_Fatal_Crashes, Number_of_Female_Licensed_Drivers0000s),Number_of_Fatal_Crashes
<_16Ă‚ Ă‚  12Ă‚ Ă‚  227Ă‚ Ă‚  12Ă‚ Ă‚ 77
16-20Ă‚ Ă‚  6424Ă‚ Ă‚  5180Ă‚ Ă‚ 6139Ă‚ Ă‚  2113
21-24Ă‚ Ă‚  6936Ă‚ Ă‚  5016Ă‚ Ă‚ 6816Ă‚ Ă‚  1550
25-34Ă‚ Ă‚  18068Ă‚ Ă‚  8565Ă‚ Ă‚ 17664Ă‚ Ă‚  2780
35-44Ă‚ Ă‚  20406Ă‚ Ă‚  7990Ă‚ Ă‚ 20061Ă‚ Ă‚  2742
45-54Ă‚ Ă‚  19898Ă‚ Ă‚  7126Ă‚ Ă‚ 19984Ă‚ Ă‚  2285
55-64Ă‚ Ă‚  14363Ă‚ Ă‚  4527Ă‚ Ă‚ 14441Ă‚ Ă‚  1514
65-74Ă‚ Ă‚  8194Ă‚ Ă‚  2274Ă‚ Ă‚ 8398Ă‚ Ă‚  938
>_74Ă‚ Ă‚  4803Ă‚ Ă‚  2022Ă‚ Ă‚ 5375Ă‚ Ă‚  957

(a) Find the​ least-squares regression line for males treatingthe number of licensed drivers as the explanatory​ variable, x, andthe number of fatal​ crashes, y, as the response variable. Repeatthis procedure for females.

(b) Interpret the slope of the​ least-squares regression linefor each​ gender, if appropriate. How might an insurance companyuse this​ information?

(c) Was the number of fatal accidents for 16 to 20 year oldmales above or below​average? Was the number of fatal accidents for21 to 24 year old males above or below​average? Was the number offatal accidents for males greater than 74 years old above or below​average? How might an insurance company use this​ information? Doesthe same relationship hold for​ females?

Answer & Explanation Solved by verified expert
4.3 Ratings (515 Votes)
For malesStep 1 Put the data in excel as shown and arrange thevariables as shownStep 2 Select the regression option from the data analysistabStep 3 Input the values as shown belowStep 4 The output is generated as followsThe regression equation This equation is obtained fromcoefficient of the    See Answer
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