- 1 Dozen Eggs 1.79 1.77 0.89 1.53 0.88 1.85 1.28 1.60 1.75 1.28 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 2010. Send data to Excel Part: 0/3 2 Part 1 of 3 -3 Part: 1/3 Part 2 of 3 4 Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and -intercept to at least four decimal places. Regression line equation: y= Gallon of Milk 2.81 3.08 3.23 3.43 3.18 2.91 3.30 3.05 3.28 2.99 X S If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places.

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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 month from January through October 2010.
Part: 0 / 3
Dozen Eggs
1.70
Part 1 of 3
Send data to Excel
2
Part: 1 / 3
Part 2 of 3
0.80
1.53
0.88
1.85
1.60
1.75
1.28
Part: 2/3
3
Part 3 of 3
Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and
y-intercept to at least four decimal places.
Regression line equation: y =
Gallon of Milk
2.81
3.08
3.18
2.91
3.30
3.05
3.28
2.99
4
>=0
The price of milk would differ by S
If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to
differ? Round the answer to two decimal places.
X
Predict the price of milk when the price of eggs is $2.09. Round the answer to two decimal places.
The price of milk is predicted to be $.
Transcribed Image Text: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 2010. Part: 0 / 3 Dozen Eggs 1.70 Part 1 of 3 Send data to Excel 2 Part: 1 / 3 Part 2 of 3 0.80 1.53 0.88 1.85 1.60 1.75 1.28 Part: 2/3 3 Part 3 of 3 Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and y-intercept to at least four decimal places. Regression line equation: y = Gallon of Milk 2.81 3.08 3.18 2.91 3.30 3.05 3.28 2.99 4 >=0 The price of milk would differ by S If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places. X Predict the price of milk when the price of eggs is $2.09. Round the answer to two decimal places. The price of milk is predicted to be $.
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