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Can some explain how to get these answers top these questions? I am using Excel, and understand how to create the scattered dot chart, etc.,
Can some explain how to get these answers top these questions? I am using Excel, and understand how to create the scattered dot chart, etc., but I am having problems with the next steps.
***NOTE*** Any Step-by-Step equations and excel formulas would be helpful for me to follow.
Thank you in advance.
Working with the Concepts 21. Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month in a recent year. Dozen Eggs Gallon of Milk 1.94 3.58 1.80 3.52 1.?7' 3.50 1.83 3.4?r 1.59 3.43 1.5?r 3.40 1.55 3.43 1.88 3.4?r 1.89 3.4? 1.96 3.52 1.96 3.54 2.01 3.58 Source: Bureau ofloloor Statistics 3. Compute the least-squares regression line for predicting the price of milk from the price of eggs. 1' Answer a = 2.7592 + 0.3991}: b. If the price of eggs differs by $0.25 from one month to the next. by how much would you expect the price of milk to differ? 1' Answer 0.10 c. Predict the price of milk in a month when the price of eggs is $1.95Step by Step Solution
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