Ethel and Rick are planning a cross-country road trip. They have been gathering data on the cost of renting a vintage car for their road trip. From this data they have formed a linear regression equation with one independent variable, "x." The prediction (regression) equation represents the cost of renting the vintage car for their trip and is: y' 85 + 2x, where x is the total number of miles driven. If they plan to drive 1000 miles, what will be the predicted cost of renting the vintage car?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Ethel and Rick are planning a cross-country road trip. They have been gathering data
on the cost of renting a vintage car for their road trip. From this data they have
formed a linear regression equation with one independent variable, "x." The
prediction (regression) equation represents the cost of renting the vintage car for
their trip and is: y' 85 + 2x, where x is the total number of miles driven. If they plan
to drive 1000 miles, what will be the predicted cost of renting the vintage car?
$2,085
$285
$8,500
$2,850
Transcribed Image Text:Ethel and Rick are planning a cross-country road trip. They have been gathering data on the cost of renting a vintage car for their road trip. From this data they have formed a linear regression equation with one independent variable, "x." The prediction (regression) equation represents the cost of renting the vintage car for their trip and is: y' 85 + 2x, where x is the total number of miles driven. If they plan to drive 1000 miles, what will be the predicted cost of renting the vintage car? $2,085 $285 $8,500 $2,850
Expert Solution
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The given regression equation between the cost of renting the vintage car and the total number of miles driven is as,

Y=85+2x

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