Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please be careful with the rounding and use all the decimal places when needed The cost of a leading liquid laundry detergent in different sizes

Please be careful with the rounding and use all the decimal places when needed

The cost of a leading liquid laundry detergent in different sizes is given below.

Size (ounces) Cost ($)

16 3.89

32 4.89

64 5.69

200 10.69

part a

Calculate the least squares line. Put the equation in the form of:=a+bx.

(Round your answers to three decimal places.)

=_____+______x

part b

Find the correlation coefficientr. (Round your answer to four decimal places.)

r=

Is it significant?

a) Yes

b) No

part c

If the laundry detergent were sold in a50-ounce size, find the estimated cost. (Use your equation from part (c). Round your answer to two decimal places.)

$_______

part d

If the laundry detergent were sold in an80-ounce size, find the estimated cost. (Use your equation from part (c). Round your answer to two decimal places.)

$________

part e

What is the slope of the least squares (best-fit) line? (Round your answer to three decimal places.)

_________

Interpret the slope. (Round your answer to three decimal places.) (_/_) indicates to chose which option best fits

As the(number of ounces/cost)of liquid laundry detergent increases by one unit, the detergent(cost/size)increases by__________(dollars/ounces)

.

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

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago