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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

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 from January through October

2007

.Use a TI-

84

calculator to answer the following.

Dozen Eggs Gallon of Milk
1.57 2.88
1.58 2.81
1.63 2.79
1.56 2.91
1.37 3.37
1.31 3.57
1.25 3.48
1.28 3.30
1.15 3.15
1.09 3.16

Part 1 of 3

Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and

y-interceptto at least four decimal places.

Regression line equation:

=y

If the price of eggs differs by $0.79 from one month to the next, by how much would you expect the price of milk to differ? Round your answer to at least two decimal places.

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