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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 |
---|---|
1.28 | 3.18 |
1.13 | 3.23 |
1.16 | 3.23 |
1.19 | 3.21 |
1.14 | 3.12 |
1.17 | 3.09 |
1.17 | 3.14 |
1.28 | 3.13 |
1.26 | 3.17 |
1.28 | 3.21 |
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 |
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