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CHAPTER 12 Simple Linear Regression CONTENTS STATISTICS IN PRACTICE: ALLIANCE DATA SYSTEMS 12.1 SIMPLE LINEAR REGRESSION MODEL Regression Model and...
Case Problem 4 Finding the Best Car Value
1. Develop numerical summaries of the data
2. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the price of the car.
3. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the five-year owner cost (cost/mile).
4. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the road-test score.
5. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the predicted-reliability.
6. What conclusions can you derive from your analysis.
