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The equation used to calculate Cab Fare is y = 0.75x + 2.5 where y is the cost and x is the number of miles traveled. 1. What is the slope in this equation? What does it represent in this context? 2. What is the y-intercept in this equation? What does it represent in this context? 3. What is the cost for a cab ride where you travel 3.5 miles? 4. If your cab ride costs $17.30, how far did you travel?
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Slide 8 - 2 The following is a scatterplot of total fat versus protein for 30 items on the Burger King menu:
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Slide 8 - 3 The correlation in this example is 0.83. It says “There seems to be a linear association between these two variables,” but it doesn’t tell what that association is. We can say more about the linear relationship between two quantitative variables with a model. A model simplifies reality to help us understand underlying patterns and relationships.
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Slide 8 - 4 The linear model is just an equation of a straight line through the data. o The points in the scatterplot don’t all line up, but a straight line can summarize the general pattern with only a couple of parameters. o The linear model can help us understand how the values are associated.
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Slide 8 - 5 The model won’t be perfect, regardless of the line we draw. Some points will be above the line and some will be below. The estimate made from a model is the predicted value (denoted as ).
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Slide 8 - 6 The difference between the observed value and its associated predicted value is called the residual. To find the residuals, we always subtract the predicted value from the observed one:
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Slide 8 - 7 A negative residual means the predicted value’s too big (an overestimate). A positive residual means the predicted value’s too small (an underestimate). In the figure, the estimated fat of the BK Broiler chicken sandwich is 36 g, while the true value of fat is 25 g, so the residual is –11 g of fat.
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From the Carnegie Foundation math.mtsac.edu/statway/lesson_3.3.1_version1.5A
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Determines the effectiveness of the regression model
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Observed y - predicted y
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Total Time (minutes) Total Distance (miles Predicted Total Distance Residuals (observed – predicted) 325154.4-3.4 193031.9 2847 3656 1727 2335 4165 2241 3773 2854
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Total Time (minutes) Total Distance (miles Predicted Total Distance Residuals (observed – predicted) 325154.4-3.4 193031.9 -1.9 2847 47.5-0.5 3656 61.3-5.3 1727 28.5-1.5 2335 38.8-3.8 4165 70.0-5 2241 37.13.9 3773 63.19.9 2854 47.56.5
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A scatterplot of Residuals vs. X
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If it the model is appropriate, then the plot will have a random scatter. If another model is necessary, the plot will have a pattern. Pattern = Problem
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Determine, just by visual inspection, if the linear model is appropriate or inappropriate.
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1. Does their appear to be a pattern in the residual plot? Yes, quadratic. 2. Does this support your original guess? You must now see that a linear model does NOT fit this data.
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1. Does their appear to be a pattern in the residual plot? Yes, it fans out as x increases. 2. Does this support your original guess? You must now see that a linear model does NOT fit this data.
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1. Does their appear to be a pattern in the residual plot? Yes, it looks quadratic. 2. Does this support your original guess? This was very tricky. The scale was very small. You must now see that a linear model does NOT fit this data.
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1. Does their appear to be a pattern in the residual plot? Yes, it seems decrease as x increases. 2. Does this support your original guess? This was tricky. You must now see that a linear model does NOT fit this data.
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Calculating Airfare
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Worksheet
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