1. An insurance salesman would like a model to predict what a healthy person's monthly heakh insurance premium would be given his or her age. The data listed below gives the monthly pr age for 28...

Please show all work P value?1. An insurance salesman would like a model to predict what a healthy person's monthly heakh<br>insurance premium would be given his or her age. The data listed below gives the monthly pr<br>age<br>for 28 randomly selected healthy adults.<br>mium and<br>Premium<br>Age<br>Premium<br>Age<br>39<br>169<br>22<br>154<br>38<br>170<br>23<br>153<br>40<br>172<br>25<br>152<br>26<br>153<br>41<br>170<br>29<br>156<br>54<br>221<br>31<br>158<br>56<br>225<br>42<br>182<br>52<br>220<br>43<br>180<br>59<br>232<br>46<br>179<br>57<br>230<br>52<br>205<br>58<br>240<br>57<br>210<br>60<br>249<br>58<br>215<br>48<br>200<br>32<br>161<br>47<br>180<br>35<br>160<br>50<br>191<br>a. Which variable is the independent variable?<br>b. Which variable is the dependent variable?<br>c. Is a linear model appropriate? If so, justify. If not, what type of model, if any, would be most<br>appropriate?<br>

Extracted text: 1. An insurance salesman would like a model to predict what a healthy person's monthly heakh insurance premium would be given his or her age. The data listed below gives the monthly pr age for 28 randomly selected healthy adults. mium and Premium Age Premium Age 39 169 22 154 38 170 23 153 40 172 25 152 26 153 41 170 29 156 54 221 31 158 56 225 42 182 52 220 43 180 59 232 46 179 57 230 52 205 58 240 57 210 60 249 58 215 48 200 32 161 47 180 35 160 50 191 a. Which variable is the independent variable? b. Which variable is the dependent variable? c. Is a linear model appropriate? If so, justify. If not, what type of model, if any, would be most appropriate?

Jun 09, 2022
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