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Consider the following data set that contains information about a sample of ten U.S. states in 2022 providing the gas price per gallon and price of a dozen eggs for each state. state gas price per gallon (dollars) price of a dozen eggs (dollars) 3.13 4.08 3.66 4.09 3.76 4.23 3.91 4.44 4.45 4.52 4.99 4.54 5.07 4.64 5.57 4.69 5.59 4.78 5.95 4.81 The scatter plot that summarizes the data with regard to the gas price per gallon as the input variable and the price of a dozen eggs as the output variable is provided below. 1 2 3 4 5 6 7 8 9 10

Consider the following data set that contains information about a sample of ten U.S. states in 2022 providing the gas price per gallon and price of a dozen eggs for each state. state gas price per gallon (dollars) price of a dozen eggs (dollars) 3.13 4.08 3.66 4.09 3.76 4.23 3.91 4.44 4.45 4.52 4.99 4.54 5.07 4.64 5.57 4.69 5.59 4.78 5.95 4.81 The scatter plot that summarizes the data with regard to the gas price per gallon as the input variable and the price of a dozen eggs as the output variable is provided below. 1 2 3 4 5 6 7 8 9 10

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the following data set that contains information about a sample of ten U.S. states in 2022 providing the gas price per gallon and price of a dozen eggs for each state. state price of a dozen eggs (dollars) 1 2 3 4 5 6 7 8 9 10 gas price per gallon (dollars) 3.13 price of a dozen eggs, [dollars 3.66 3.76 3.91 4.45 4.99 5.07 5.57 5.59 5.95 The scatter plot that summarizes the data with regard to the gas price per gallon as the input variable and the price of a dozen eggs as the output variable is provided below. 3 ●● 4.08 4.09 4.23 4.44 4.52 4.54 4.64 4.69 4.78 4.81 6 4 gas price per gallon, [dollars] a. Is there an association between the gas price per gallon and the price of a dozen eggs of a state? If yes, is it positive or negative? There appears to be a positive association ✓ between the two variables.
Transcribed Image Text:Consider the following data set that contains information about a sample of ten U.S. states in 2022 providing the gas price per gallon and price of a dozen eggs for each state. state price of a dozen eggs (dollars) 1 2 3 4 5 6 7 8 9 10 gas price per gallon (dollars) 3.13 price of a dozen eggs, [dollars 3.66 3.76 3.91 4.45 4.99 5.07 5.57 5.59 5.95 The scatter plot that summarizes the data with regard to the gas price per gallon as the input variable and the price of a dozen eggs as the output variable is provided below. 3 ●● 4.08 4.09 4.23 4.44 4.52 4.54 4.64 4.69 4.78 4.81 6 4 gas price per gallon, [dollars] a. Is there an association between the gas price per gallon and the price of a dozen eggs of a state? If yes, is it positive or negative? There appears to be a positive association ✓ between the two variables.
b. Use technology to find the equation of the line of best fit, y = mx + b, and the coefficient of determination and interpret the slope, the vertical intercept, and the coefficient of determination. (Round the answers to 3 decimal places.) Select an answer is the i. m = Select an answer ii. b = Select an answer iii.7² Select an answer is the hence there is a Select an answer linear relation.
Transcribed Image Text:b. Use technology to find the equation of the line of best fit, y = mx + b, and the coefficient of determination and interpret the slope, the vertical intercept, and the coefficient of determination. (Round the answers to 3 decimal places.) Select an answer is the i. m = Select an answer ii. b = Select an answer iii.7² Select an answer is the hence there is a Select an answer linear relation.
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 Use the line of best fit to:

i. estimate the price of a dozen eggs of a state in which the gas price per gallon is 4.3 dollars.

Answer:  dollars (Round the answer to the nearest unit.)

ii. estimate the gas price per gallon of state in which the price of a dozen eggs is 4.1 dollars.

Answer:  dollars (Round the answer to the nearest unit.)

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