Use the following information for questions 1-5. Do larger families spend more per week on food?...

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Statistics

Use the following information for questions 1-5.

Do larger families spend more per week on food? A sample of 10families in Chicago revealed the following data for family size andthe weekly grocery bill. (Part of the calculations are done foryou.)

           Familysize     $Groceries     (X-Xbar)        (Y-Ybar)      (X-Xbar) x (Y-Ybar)

  •          3                 99                -1                 -11                        11
  •          6                114                2                    4                          8
  •          5                131                1                   21                       21
  •          6                129                2                   19                       38
  •          6                142                2                   32                       64
  •          3                111               -1                    1                       
  •          4                104                0
  •          2                  81
  •          2                  98
  •          3                  91
  •         40             1100

Sx = 1.63     Sy =19.28     X-bar = 40/10 = 4   Y-bar = 1100/10 = 110

Grocery Question #1: Calculate ∑ (X - Xbar) x(Y - Ybar)

A.

236

B.

238

C.

240

D.

242

Grocery Question #2: Assuming that ∑ (X - Xbar)x (Y - Ybar) is equal to 242, calculater.

A.

+0.856

B.

+0.858

C.

+0.860

D.

+0.862

Grocery Question #3: Assuming thatr = +0.856, determine the regressionequation,

Y = 10.125 + 69.5X

Y = 69.5 + 10.125X

Y = 70 + .858X

Y = 0.858 + 70X

Grocery Question #4: Assuming that theRegression equation is Y = 70 + .858X, how much would you expect afamily of five to spend on groceries over a week's time?

A.

$73

B.

$74

C.

$75

D.

$76

Grocery Question #5: Assuming that thecoefficient of determination is 0.732, what conclusion can youreach?

A.

26.8% of the grocery bill can be explained by the variation infamily size.

B.

73.2% of the family size can be explained by the variation inthe grocery bill.

C.

73.2% of the weekly grocery bill can be explained by thevariation in family size.

D.

The coefficient of correlation is 0.536.

Answer & Explanation Solved by verified expert
3.6 Ratings (480 Votes)
family sizexgroceriesy39911111611424851311212161292193861422326431111114104060281229582982122439111919sum 242given that 1using    See Answer
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