Your school is trying to refine its textbook budget. The following table shows the average cost of college textbooks required for the general education courses at your college. Let y be the curriculum year and x be the average cost of a textbook. Find the formula for the least squares line that fits this data. a.  y ̂=−3,349−1.887x b.  y ̂=−3,675−1.87x  c. y ̂=−3,675+1.87x d.  y ̂=−3692+1.77x

MATLAB: An Introduction with Applications
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 Your school is trying to refine its textbook budget. The following table shows the average cost of college textbooks required for the general education courses at your college. Let y be the curriculum year and x be the average cost of a textbook.

Find the formula for the least squares line that fits this data.

a.  y ̂=−3,349−1.887x

b.  y ̂=−3,675−1.87x

 c. y ̂=−3,675+1.87x

d.  y ̂=−3692+1.77x

 

y
40
1974
28
1975
13
1977
26
1978
30
1978
16
1979
20
1981
29
1987
31
1989
55
1998
105
2005
80
2012
Transcribed Image Text:y 40 1974 28 1975 13 1977 26 1978 30 1978 16 1979 20 1981 29 1987 31 1989 55 1998 105 2005 80 2012
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