7a.) {(1, 3), (2, 2.2), (3, 3), (5, 7), (8, 5)} Use the Regression Calculator to input points and it will generate a regression model automatically. You will need the regression model and make sure to look at R2 to see if it is the best fit.
Cubic Regression Model: y = 6.6156 - 5.2288x + 1.7805x2 - 0.144x3 with R2 = 0.9993
Quadratic Regression Model: y = 0.3678 + 1.682x - 0.1319x2 with R2 = 0.5969
7b.) The cubic regression model gives a better fit because of the coefficient of determination. This determines how well a regression model fits the data. Its values are between 0 and 1 (similar to correlation). Since the cubic regression model has a R2 closer to 1, it tells us that it represents the data accurately.
7c.) y = 6.6156 - 5.2288(12) + 1.7805(12)2 - 0.144(12)3 = 6.6156 - 62.7456 + 256.392 - 248.832 = - 48.57