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NEED HELP WITH STAT QUESTION, I DO NOT UNDERSTAND WHAT THE QUESTION IS ASKING. C

ID: 3204381 • Letter: N

Question

NEED HELP WITH STAT QUESTION, I DO NOT UNDERSTAND WHAT THE QUESTION IS ASKING.

Come up with another example of x and y (like FV and ICP), where regression can help in predicting y from x in a situation where without regression the "cost" of measuring y directly is extremely high (like IC?)

Just give an example, at least for me to understand what kind of example my instructor is asking. Thank you.

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Explanation / Answer

Examples:

1) How strong is the linear relationship between the number of stories a building has and its height.

2) How strong is the linear relationship between the age of a driver and the distance the driver can see?