The graph and equation for median-fit line for the data shown below.
Distance from lake (mi) | 0.0 (houseboat) | 0.3 | 0.5 | 1.0 | 1.25 | 1.5 | 2.0 |
Price per Night ($) | 785 | 325 | 250 | 200 | 150 | 140 | 100 |
Answer to Problem 3CYU
The equation for median fit line is
Explanation of Solution
Given:
The given data is shown as,
Distance from leke (mi) | 0.0 (houseboat) | 0.3 | 0.5 | 1.0 | 1.25 | 1.5 | 2.0 |
Price per Night ($) | 785 | 325 | 250 | 200 | 150 | 140 | 100 |
Calculation: The equation for the median-fit line using the calculator for the given data is written as,
The graph for the median fit line is shown as,
The estimated cost for rental of 1.75 miles from the lake.
Answer to Problem 3CYU
The estimated cost for rental of 1.75 miles is $78.70.
Explanation of Solution
Given:
The given data is shown as,
Distance from leke(mi) | 0.0 (houseboat) | 0.3 | 0.5 | 1.0 | 1.25 | 1.5 | 2.0 |
Price per Night ($) | 785 | 325 | 250 | 200 | 150 | 140 | 100 |
Calculation: Plugging for
Hence, the estimated cost for rental of 1.75 miles is $78.70.
Chapter 4 Solutions
Algebra 1
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