Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

62-63....... X Meme eagleonline.hccs.edu/courses/149903/quizzes/951456/take D Question 62 2 pts During the last five years there has been an inflationary trend in the average cost of

62-63.......

image text in transcribed
X Meme eagleonline.hccs.edu/courses/149903/quizzes/951456/take D Question 62 2 pts During the last five years there has been an inflationary trend in the average cost of a gallon of milk, as the following chart shows. Calculate the slope of the regression line. (show your work on another sheet of paper and enter your answer below. Note: you will upload all your calculation work at the end of the test.). X (Years) 5 Y (Dollars) $2.00 $2.50 $3.25 $3.00 $2.80 The slope (b) of the regression line is: 0.085 D Question 63 2 pts During the last five years there has been an inflationary trend in the average cost of a gallon of milk, as the following chart shows. Calculate the y-intercept of the regression line. (show your work on another sheet of paper and enter your answer below. Note: you will upload all your calculation work at the end of the test.). X (Years) 3 5 Y (Dollars) $2.00 $2.50 $3.25 $3.00 $2.80 The y-intercept (a) of the regression line is: 2.345 OH FROMSAD OOO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: Jeffrey Holt

2nd Edition

1319057691, 9781319057695

More Books

Students also viewed these Mathematics questions

Question

1. Background knowledge of the subject and

Answered: 1 week ago