Concept explainers
The maximum discount value of the Entertainment® card for the “Fine Dining” section, Edition ten, for various pages
is given in Table 12.21
Page number | Maximum value ($) |
4 | 16 |
14 | 19 |
25 | 15 |
32 | 17 |
43 | 19 |
57 | 15 |
72 | 16 |
85 | 15 |
90 | 17 |
Table 12.21
a. Decide which variable should be the independent variable and which should be the dependent variable.
b. Draw a
c. Calculate the least-squares line. Put the equation in the form of: y = a + bx
d. Find the
e. Find the estimated maximum values for the restaurants on page ten and on page 70.
f. Does it appear that the restaurants giving the maximum value are placed in the beginning of the “Fine Dining”
section? How did you arrive at your answer?
g. Suppose that there were 200 pages of restaurants. What do you estimate to be the maximum value for a restaurant
listed on page 200?
h. Is the least squares line valid for page 200? Why or why not?
i. What is the slope of the least-squares (best-fit) line? Interpret the slope.
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Chapter 12 Solutions
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