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The Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes Region, the Southeast, in the
Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of
time, in days; it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20
shipments made last month. Shipping distance is the independent variable, and shipping time is the dependent variable. The
results are as follows:
This means that 47.9% of the total variation is explained by the regression line, while
the remaining 52.1% of the total variation is unexplained.
b. What would be the estimated shipping time for a distance of 715 miles?
y' = a + bx
a = -20,710,239 / 2,906,131
a = -7.1264
y' = 8.06
The estimated shipping time for a distance of 715 miles is 8.06 days, or
9 days if rounded up to the next whole day.
Problem #13-2
A sample of 12 homes sold last week in St Paul, Minnesota, is selected. The results are shown below:
Home size
(1000 sq ft), Selling price
x ($1000), y xy x2 y2
1 1.40 100 140.00 1.96 10,000.00
2 1.30 110 143.00 1.69 12,100.00
3 1.20 105 126.00 1.44 11,025.00
4 1.10 120 132.00 1.21 14,400.00
5 1.40 80 112.00 1.96 6,400.00
6 1.00 105 105.00 1.00 11,025.00
7 1.30 110 143.00 1.69 12,100.00
8 0.80 85 68.00 0.64 7,225.00
9 1.20 105 126.00 1.44 11,025.00
10 0.90 75 67.50 0.81 5,625.00
11 1.10 70 77.00 1.21 4,900.00
12 1.10 95 104.50 1.21 9,025.00
Sums 13.80 1160.00 1344.00 16.26 114850.00
b. What would be the estimated selling price of a home that has 1.0 thousand square feet?
y' = a + bx
a = 67.195
b = 25.6410
y' = 92.82051
The estimated selling price for a home that has 1000 square feet is $92,820.