How is the cost of a plane flight related to the length of the trip? The table
Question:
a. If you want to estimate the cost of a flight based on the distance traveled, which variable is the response variable and which is the independent predictor variable?
b. Assume that there is a linear relationship between cost and distance. Calculate the least-squares regression line describing cost as a linear function of distance.
c. Plot the data points and the regression line. Does it appear that the line fits the data?
d. Use the appropriate statistical tests and measures to explain the usefulness of the regression model for predicting cost.
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Related Book For
Introduction To Probability And Statistics
ISBN: 9780495389538
13th Edition
Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver
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