AJ used linear regression to help him understand his monthly telephone bill. The line of best fit
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AJ used linear regression to help him understand his monthly telephone bill. The line of best fit was ˆ y 23.65 1.28x, where x is the number of long-distance calls made during a month, and y is the total telephone cost for a month. In terms of number of long-distance calls and cost:
a. Explain the meaning of the y-intercept, 23.65.
b. Explain the meaning of the slope, 1.28.
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Related Book For
Just The Essentials Of Elementary Statistics
ISBN: 9780495314875
10th Edition
Authors: Robert Johnson, Patricia Kuby
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