Question
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)
.
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