The price of lumber is typically a nonlinear distributi
by | Mar 2, 2022 | Statistics
The price of lumber is typically a nonlinear distribution. Here are the current prices at a popular home improvement store for 2” x 4” lumber in different lengths.
length – feet price
8 $5.11
10 $7.58
12 $9.12
16 $12.87
* Create a scatterplot using this data. Place the explanatory variable on the horizontal axis and response variable on the vertical axis. Be sure to label the axes and scale.
* Determine the exponential regression model for this data. Write the results below:
Equation r2
* Determine the quadratic regression model for this data. Write the result below:
Equation r2
* Use the regression models to make a price chart for some non-standard lengths of 2” x 4” lumber.
Length – feet Exponential Regression Price Quadratic Regression Price
4
14
20
32
* Write a brief paragraph comparing and contrasting the two regression models. Why do you think the regression model for lumber price is best represented in a nonlinear distribution?
- 100% non-plagiarized Papers
- 24/7 /365 Service Available
- Affordable Prices
- Any Paper, Urgency, and Subject
- Will complete your papers in 6 hours
- On-time Delivery
- Money-back and Privacy guarantees
- Unlimited Amendments upon request
- Satisfaction guarantee
How It Works
- Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
- Fill in your paper’s requirements in the "PAPER DETAILS" section.
- Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
- Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
- From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
