ticket selling company is keeping track of how many tickets they have remaining for a concert as a function of the number of minutes since they began selling them. The data is shown in the table below. Number of minutes, x - 5 10 15 20 25 30 Tickets remaining, y - 6822 6180 5722 5008 4195 3890 (a) Find a linear regression equation, in the form y = ax + b, that best fits this data set. Round each parameter to the nearest whole number. (b) According to this model, would tickets still be on sale after an hour and a half? Justify your answer.
ticket selling company is keeping track of how many tickets they have remaining for a concert as a function of the number of minutes since they began selling them. The data is shown in the table below. Number of minutes, x - 5 10 15 20 25 30 Tickets remaining, y - 6822 6180 5722 5008 4195 3890 (a) Find a linear regression equation, in the form y = ax + b, that best fits this data set. Round each parameter to the nearest whole number. (b) According to this model, would tickets still be on sale after an hour and a half? Justify your answer.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
Related questions
Question
A ticket selling company is keeping track of how many tickets they have remaining for a concert as a function of the number of minutes since they began selling them. The data is shown in the table below.
Number of minutes, x - 5 10 15 20 25 30
Tickets remaining, y - 6822 6180 5722 5008 4195 3890
(a) Find a linear regression equation, in the form y = ax + b, that best fits this data set. Round each parameter to the nearest whole number.
(b) According to this model, would tickets still be on sale after an hour and a half? Justify your answer.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning