Flight bookings on the Orbitz travel site fluctuate throughout the year. In the month of December, the Orbitz team knows that bookings increase throughout the month. The team is trying to predict number of bookings in a given day throughout the month. They have sampled data from a few dates out of last

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

Flight bookings on the Orbitz travel site fluctuate throughout the year. In the month of December, the Orbitz team knows that bookings increase throughout the month. The team is trying to predict number of bookings in a given day throughout the month. They have sampled data from a few dates out of last December and would like to predict the upcoming December bookings. The data are below. 

Orbitz Travel Site

Dates in December Bookings in the thousands
1 3

4

7
7 4
10 5
13 6
16 5
19 8
22 10
25 13
27 14
30 16

 

If the intercept for the above data is 1.82 and the slope is 0.41, what is the complete regression equation? 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON