Price of eggs and milk: 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 2007. Use a TI-84 calculator to answer the following. Dozen Eggs Gallon of Milk 1.30 3.16 1.28 3.12 1.21 3.07 1.24 3.00 1.21 3.08 1.24 3.02 1.25 3.05 1.26 3.06 1.35 2.99 1.54 3.00 Regression line equation: 3.2916-.1837x Predict the price of milk in a month when the price of eggs is $1.87. Round the answer to two decimal places.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Price of eggs and milk: 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 2007. Use a TI-84 calculator to answer the following.
| Dozen Eggs | Gallon of Milk |
|---|---|
|
1.30
|
3.16
|
|
1.28
|
3.12
|
|
1.21
|
3.07
|
|
1.24
|
3.00
|
|
1.21
|
3.08
|
|
1.24
|
3.02
|
|
1.25
|
3.05
|
|
1.26
|
3.06
|
|
1.35
|
2.99
|
|
1.54
|
3.00
|
Regression line equation: 3.2916-.1837x
Predict the price of milk in a month when the price of eggs is $1.87. Round the answer to two decimal places.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
