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Application The airline prices shown here were the advertised summer specials from Toronto. Using linear regression, describe the relationship between airline ticket prices and the
Application The airline prices shown here were the advertised summer specials from Toronto. Using linear regression, describe the relationship between airline ticket prices and the distance travelled. Include the correlation value and the regression model. Discuss the appropriateness of this model to determine ticket prices. Give possible reasons for any outliers Destination Distance (km) Ticket Price (S) Montreal, PQ 554 198 Ottawa, ON 399 158 Fredericton, NB 1373 238 Halifax, NS 1929 258 Charlottetown, PE 1738 358 Sydney, NS 1788 398 St. John's, NF 3141 398 Winnipeg, MB 2084 258 Thunder Bay, ON 1397 190 Saskatoon, SK 2874 268 Regina, SK 2669 268 Calgary, AB 3491 288 Edmonton, AB 3390 312 Victoria, BC 4721 430 Vancouver, BC 4537 398The table shows the average price of a movie ticket in each year of a ten-year period. Year Ticket Price (S) 2009 7.80 2008 7.80 2007 7.57 2006 7.27 2005 7.09 2004 6.85 2003 6.63 2002 6.41 2001 6.20 2000 5.93 a) What relationship seems to exist between the year and the average ticket price? b) Determine and classify the correlation. c) Could these data be used to predict the average price of movie tickets in 2010? Explain
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