A random sample of 3-person American families were asked how…

A random sample of 3-person American families were asked how much money they spent on Christmas presents in 2023. The following descriptive statistics and box plot were generated: A. Calculate the lower and upper (outlier) fences. [4 points]B. Interpret the fences in a complete sentence and in the context of the problem. [2 points]C. In a complete sentence and in the context of this problem, interpret the median amount of money spent for this sample of 3-person families. [2 points]D. Calculate the Z-score for a 3-person family that spent $680. [Round to 2 decimal places; 2 points]NOTE: standard deviation = $135.E. Interpret the Z-score in a complete sentence and in the context of the problem. [2 points]

[continuation…] We are interested in studying whether we c…

[continuation…] We are interested in studying whether we can predict oxygen intake rate given age. The following regression output was produced. A snapshot of some of the raw data is also provided. C. Interpret the slope of the line in the context of the problem. [3 points]D. Interpret the coefficient of determination in the context of the problem. [3 points]E. Calculate the residual associated with a 42 year old man. [2 points]F. Determine if the regression line over or under-predicts at this data point. Explain. [2 points]

A random sample of students were asked the amount of money t…

A random sample of students were asked the amount of money they spent at a coffee shop on a given day and the number of exams they have that week.  The following scatterplot and regression equation were generated. What proportion of the variation in money spent can be explained by the regression line that uses number of exams as a predictor?

A coffee shop manager would like to study the amount of mone…

A coffee shop manager would like to study the amount of money college students spend at their shop on a given day.  The following test was completed in Minitab for testing whether the average amount of money spent at the coffee shop by college students is greater than $5 a day. Which is a correct conclusion based on the test results, using a 5% level of significance?