- 1 Dozen Eggs 1.79 1.77 0.89 1.53 0.88 1.85 1.28 1.60 1.75 1.28 Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October 2010. Send data to Excel Part: 0/3 2 Part 1 of 3 -3 Part: 1/3 Part 2 of 3 4 Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and -intercept to at least four decimal places. Regression line equation: y= Gallon of Milk 2.81 3.08 3.23 3.43 3.18 2.91 3.30 3.05 3.28 2.99 X S If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places.
- 1 Dozen Eggs 1.79 1.77 0.89 1.53 0.88 1.85 1.28 1.60 1.75 1.28 Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October 2010. Send data to Excel Part: 0/3 2 Part 1 of 3 -3 Part: 1/3 Part 2 of 3 4 Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and -intercept to at least four decimal places. Regression line equation: y= Gallon of Milk 2.81 3.08 3.23 3.43 3.18 2.91 3.30 3.05 3.28 2.99 X S If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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![Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for
each month from January through October 2010.
Part: 0 / 3
Dozen Eggs
1.70
Part 1 of 3
Send data to Excel
2
Part: 1 / 3
Part 2 of 3
0.80
1.53
0.88
1.85
1.60
1.75
1.28
Part: 2/3
3
Part 3 of 3
Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and
y-intercept to at least four decimal places.
Regression line equation: y =
Gallon of Milk
2.81
3.08
3.18
2.91
3.30
3.05
3.28
2.99
4
>=0
The price of milk would differ by S
If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to
differ? Round the answer to two decimal places.
X
Predict the price of milk when the price of eggs is $2.09. Round the answer to two decimal places.
The price of milk is predicted to be $.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bd49ae7-8b45-446c-8381-0655d7ffd02d%2F9da140a1-2021-48ea-aa07-8c501942cb6f%2Ft78tz9a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for
each month from January through October 2010.
Part: 0 / 3
Dozen Eggs
1.70
Part 1 of 3
Send data to Excel
2
Part: 1 / 3
Part 2 of 3
0.80
1.53
0.88
1.85
1.60
1.75
1.28
Part: 2/3
3
Part 3 of 3
Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and
y-intercept to at least four decimal places.
Regression line equation: y =
Gallon of Milk
2.81
3.08
3.18
2.91
3.30
3.05
3.28
2.99
4
>=0
The price of milk would differ by S
If the price of eggs differs by $0.20 from one month to the next, by how much would you expect the price of milk to
differ? Round the answer to two decimal places.
X
Predict the price of milk when the price of eggs is $2.09. Round the answer to two decimal places.
The price of milk is predicted to be $.
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