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 Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and y-intercept to at least four 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.
| 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
|
Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and y-intercept to at least four decimal places.
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