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
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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Please help me to solve this and explain. thank you!

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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