The accompanying data are x = advertising share and y = market share for a particular brand of cigarettes during 10 rand
Posted: Thu May 05, 2022 8:13 pm
The accompanying data are x = advertising share and y = market share for a particular brand of cigarettes during 10 randomly selected years. x 0.102 0.072 0.071 0.077 0.086 0.047 0.060 0.050 0.070 0.052 y 0.138 0.127 0.122 0.086 0.079 0.076 0.065 0.059 0.051 0.039 (a) Calculate the equation of the estimated regression line. (Round your answers to six decimal places.) y = Obtain the predicted market share when the advertising share is 0.09. (Round your answer to five decimal places.) (b) Computer². (Round your answer to three decimal places.) (c) Calculate a point estimate of o. (Round your answer to four decimal places.) On how many degrees of freedom is your estimate based?