?6 BSC Finding the Best Model. ?Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential, and power models. Landscape Material ?The table lists the cost?y?(in dollars) of purchasing a volume of red landscaping mulch from the Red Barn Farm and Nursery in Dutchess County, New York. The mulch is sold by the “yard,” which is actually a cubic yard, and the variable x is the length (yd) of each side of a cubic yard.
Solution 6 BSC Step 1 : The data consists of cost of purchasing a volume of red landscaping mulch from the red barn farm and the mulch is sold by cubic yard. The variable X is the length of each side of a cubic yard. Following are the steps to analyze data from Mini Tab . Enter the dataset in Mini Tab Stat regression fitted line plot. . Choose quadratic in fitted line plot Ok on the graph option. Step 2 : The regression for the given data is