Here are the essential concepts you must grasp in order to answer the question correctly.
Predictor Variable
In regression analysis, the predictor variable, also known as the independent variable, is the variable that is used to predict the value of another variable. In the given regression equation, 'x' represents the weight of the cars, which is used to predict the highway fuel consumption (y). Understanding the role of the predictor variable is essential for interpreting the relationship between the variables in the model.
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Regression Equation
A regression equation is a mathematical representation that describes the relationship between a dependent variable and one or more independent variables. The equation provided, y^ = 58.9 - 0.00749x, indicates how changes in the predictor variable (weight) affect the predicted value of the dependent variable (fuel consumption). This equation allows for predictions and insights into the nature of the relationship between the variables.
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Dependent Variable
The dependent variable, also known as the response variable, is the outcome that is being predicted or explained in a regression analysis. In this context, 'y' represents the highway fuel consumption of the cars, which depends on the weight of the cars (the predictor variable). Understanding the dependent variable is crucial for interpreting the results of the regression and assessing the impact of the predictor.
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