Chapter 4 13)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 2004. Dozen Eggs Gallons of Milk 1.57 1.58 1.63 1.56 1.37 1.31 1.25 1.28 1.15 1.09 2.88 2.81 2.79 2.91 3.37 3.57 3.48 3.30 3.15 3.16 (a) Compute the least-squares regression line for predicting the price of milk from the price of eggs. (b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would you expect the price of milk to differ? (c) Predict the price of milk in a month when the price of eggs is $1.93

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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Chapter 4
13) 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 2004.
Dozen Eggs
Gallons of Milk
1.57
1.58
1.63
1.56
1.37
1.31
1.25
1.28
1.15
1.09
2.88
2.81
2.79
2.91
3.37
3.57
3.48
3.30
3.15
3.16
(a) Compute the least-squares regression line for predicting the price of milk from the price
of eggs.
(b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would
you expect the price of milk to differ?
(c) Predict the price of milk in a month when the price of eggs is $1.93
14
Transcribed Image Text:Chapter 4 13) 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 2004. Dozen Eggs Gallons of Milk 1.57 1.58 1.63 1.56 1.37 1.31 1.25 1.28 1.15 1.09 2.88 2.81 2.79 2.91 3.37 3.57 3.48 3.30 3.15 3.16 (a) Compute the least-squares regression line for predicting the price of milk from the price of eggs. (b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would you expect the price of milk to differ? (c) Predict the price of milk in a month when the price of eggs is $1.93 14
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