16. If the distance increases by 100 kilometers, the expected increase of shipping cost is closest to (a) $3.5 (b) $5.0 (c) $6.5 (d) $8.0 (e) $9.5 17. What is the estimated shipping cost when the distance is 2200 kilometers? (a) 75 (b) 87 (c) 95 (d) 103 (e) none of these

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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Questions 16–17. Use the following information.
The rising price of petroleum products has led to continually increasing costs to the manufacturer
for shipping goods to the market. In a study of shipping costs (Y in dollars) and distance (X in 100
kilometers), a random sample of 9 observations gives the following summarized results.
Standard Deviation
Mean
20
5
Y
80
25
The correlation coefficient between X and Y is 0.7.
16.
If the distance increases by 100 kilometers, the expected increase of shipping cost is closest to
(a) $3.5
(b) $5.0
(c) $6.5
(d) $8.0
(e) $9.5
17.
What is the estimated shipping cost when the distance is 2200 kilometers?
(a) 75
(b) 87
(с) 95
(d) 103
(e) none of these
Transcribed Image Text:Questions 16–17. Use the following information. The rising price of petroleum products has led to continually increasing costs to the manufacturer for shipping goods to the market. In a study of shipping costs (Y in dollars) and distance (X in 100 kilometers), a random sample of 9 observations gives the following summarized results. Standard Deviation Mean 20 5 Y 80 25 The correlation coefficient between X and Y is 0.7. 16. If the distance increases by 100 kilometers, the expected increase of shipping cost is closest to (a) $3.5 (b) $5.0 (c) $6.5 (d) $8.0 (e) $9.5 17. What is the estimated shipping cost when the distance is 2200 kilometers? (a) 75 (b) 87 (с) 95 (d) 103 (e) none of these
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