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Is there a relationship between the number of speeding tickets and the monthly insurance premium for a driver? The number of speeding tickets and insurance
Is there a relationship between the number of speeding tickets and the monthly insurance premium for a driver? The number of speeding tickets and insurance premiums are provided for 6 drivers.
# of speeding tickets 2 3 8 4 0 6 Monthly insurance premium $190 $215 $340 $250 $175 $280
- Which is the explanatory variable, x and the response variable, y? explanatory variable, x__________________________ response variable, y_____________________________
- Using the calculator's capabilities, find the equation of the least squares regression line for this data and write in the form: y ax b .
- Ans 2________________
3 Use the equation to approximate the premium for a driver with 5 speeding tickets.
Ans 3_______________
- Give the value of the correlation coefficient, r and interpret its meaning in the context of this problem.
- r _______ Interpretation:
- Give the value of the coefficient of determination, r2 and interpret its meaning in the context of this problem.
- r2 _______ Interpretation:
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