Using the following table, I'm not sure how to answer these questions: a) Find the estimated regression equation of price on the percentage of space containing ads. y^ = +( )x b) Predict the price of a magazine with 47% of is space containing ads. rounding to 3 decimal places c) Estimate the price of a magazine with 98% of its space containing ads. Runded to 3 decimal places
Using the following table, I'm not sure how to answer these questions: a) Find the estimated regression equation of price on the percentage of space containing ads. y^ = +( )x b) Predict the price of a magazine with 47% of is space containing ads. rounding to 3 decimal places c) Estimate the price of a magazine with 98% of its space containing ads. Runded to 3 decimal places
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 12PPS
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Using the following table, I'm not sure how to answer these questions:
a) Find the estimated regression equation of price on the percentage of space containing ads.
y^ = +( )x
b) Predict the price of a magazine with 47% of is space containing ads. rounding to 3 decimal places
c) Estimate the price of a magazine with 98% of its space containing ads. Runded to 3 decimal places
![While browsing through a magazine rack at a bookstore, a statistician decides to examine the relationship between the price of a
magazine and the percentage of the magazine space that contains advertisements. The data are given in the following table.
Percentage
37
43
58
49
70
28
65
32
containing ads
Price ($)
5.50
6.95
4.95
5.75
3.95
8.25
5.50
6.75](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0a8a8b2-22c4-42fd-96b3-e86c4fe33385%2Fba51c790-9448-43bc-ae0d-b6f8d2d75a4e%2Fonfmwcq_processed.png&w=3840&q=75)
Transcribed Image Text:While browsing through a magazine rack at a bookstore, a statistician decides to examine the relationship between the price of a
magazine and the percentage of the magazine space that contains advertisements. The data are given in the following table.
Percentage
37
43
58
49
70
28
65
32
containing ads
Price ($)
5.50
6.95
4.95
5.75
3.95
8.25
5.50
6.75
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