The following data is the number of tickets sold and the jackpot value for the Mega Millions lottery. The jackpot value is in millions of dollars and the number of tickets sold is in millions. Jackpot value 334 127 300 227 202 180 164 145 255 Number of tickets sold 54 16 41 27 23 18 18 16 26 r= 0.947 tickets sold -10.87 +0.17 (jackpot value) Which is the independent variable and which is the dependent variable? X= independent variable = Y= dependent variable Interpret ². Interpret the slope. Predict the number of tickets sold when the jackpot value is 500 million dollars. Would you feel comfortable using the model for this value? Why or why not.
The following data is the number of tickets sold and the jackpot value for the Mega Millions lottery. The jackpot value is in millions of dollars and the number of tickets sold is in millions. Jackpot value 334 127 300 227 202 180 164 145 255 Number of tickets sold 54 16 41 27 23 18 18 16 26 r= 0.947 tickets sold -10.87 +0.17 (jackpot value) Which is the independent variable and which is the dependent variable? X= independent variable = Y= dependent variable Interpret ². Interpret the slope. Predict the number of tickets sold when the jackpot value is 500 million dollars. Would you feel comfortable using the model for this value? Why or why not.
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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Transcribed Image Text:The following data is the number of tickets sold and the jackpot value for the Mega Millions lottery. The jackpot value
is in millions of dollars and the number of tickets sold is in millions.
Jackpot value
334 127 300 227 202
180 164 145 255
Number of tickets sold 54 16 41
27
23
18
18 16 26
r= 0.947
tickets sold -10.87 +0.17 (jackpot value)
Which is the independent variable and which is the dependent variable?
X= independent variable =
Y= dependent variable
Interpret ².
Interpret the slope.
Predict the number of tickets sold when the jackpot value is 500 million dollars. Would you feel comfortable using
the model for this value? Why or why not.
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