The Following Data Were Collected on the Height (Inches)and Weight

question 60

Essay

The following data were collected on the height (inches)and weight (pounds)of 5 students.
$$\begin{array} { | l | c | c | c | c | c | } \hline \text { Height } & 72 & 70 & 62 & 65 & 67 \\\hline \text { Weight } & 180 & 172 & 125 & 132 & 145 \\\hline\end{array}$$
a.Develop a regression model to predict weight based on height.
b.What percent of the total variation in weight has been explained by height?
c.If a student is 69 inches tall,what would you estimate the weight to be?

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Definitions:

Law of Demand

A fundamental principle stating that all else being equal, as the price of a good increases, the quantity demanded of that good decreases, and vice versa.

Marginal Utilities

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Optimal Choice

The decision that yields the highest benefit or utility for an individual, considering constraints and available information.

Marginal Rate

In economics, it generally refers to the increase or decrease in the cost or benefit of producing one additional unit of a good or service.