Solved

The Bigger the Stop Sign, the More Expensive It Is R \mathrm{R}

Question 120

Essay

The bigger the stop sign, the more expensive it is. Here is a graph of the height of a sign in inches versus its cost in dollars. The bigger the stop sign, the more expensive it is. Here is a graph of the height of a sign in inches versus its cost in dollars.  To achieve linearity, the data was transformed using a square root function of cost. Here are the results and a residual plot.Dependent Variable: sqrt(cost)   \mathrm{R}   (correlation coefficient)   =0.98946627     \mathrm{R}-\mathrm{sq}=0.97904349   s: 0.2141   \begin{array}{lrr} \text { Parameter } & \text { coeff } & \text { se } \\ \text { Intercept } & 1.1857 & 0.4346 \\ \text { height } & 0.1792 & 0.0151 \end{array}    -Use your equation to predict the cost of a 48  stop sign.
To achieve linearity, the data was transformed using a square root function of cost. Here are the results and a residual plot.Dependent Variable: sqrt(cost)
R \mathrm{R} (correlation coefficient) =0.98946627 =0.98946627
Rsq=0.97904349 \mathrm{R}-\mathrm{sq}=0.97904349
s: 0.2141

 Parameter  coeff  se  Intercept 1.18570.4346 height 0.17920.0151\begin{array}{lrr}\text { Parameter } & \text { coeff } & \text { se } \\\text { Intercept } & 1.1857 & 0.4346 \\\text { height } & 0.1792 & 0.0151\end{array}
 The bigger the stop sign, the more expensive it is. Here is a graph of the height of a sign in inches versus its cost in dollars.  To achieve linearity, the data was transformed using a square root function of cost. Here are the results and a residual plot.Dependent Variable: sqrt(cost)   \mathrm{R}   (correlation coefficient)   =0.98946627     \mathrm{R}-\mathrm{sq}=0.97904349   s: 0.2141   \begin{array}{lrr} \text { Parameter } & \text { coeff } & \text { se } \\ \text { Intercept } & 1.1857 & 0.4346 \\ \text { height } & 0.1792 & 0.0151 \end{array}    -Use your equation to predict the cost of a 48  stop sign.
-Use your equation to predict the cost of a 48" stop sign.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents