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 2004. Use a TI-84 calculator to answer the following. Dozen Eggs Gallon of Milk 1.00 2.82 1.05 2.78 1.00 2.78 0.98 2.77 0.99 2.75 1.05 2.72 1.06 2.73 1.04 2.73 1.08 2.72 1.18 2.68

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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.
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 2004. Use a TI-84 calculator to answer the following.
Dozen Eggs
Gallon of Milk
1.00
2.82
1.05
2.78
1.00
2.78
0.98
2.77
0.99
2.75
1.05
2.72
1.06
2.73
1.04
2.73
1.08
2.72
1.18
2.68
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 2004. Use a TI-84 calculator to answer the following. Dozen Eggs Gallon of Milk 1.00 2.82 1.05 2.78 1.00 2.78 0.98 2.77 0.99 2.75 1.05 2.72 1.06 2.73 1.04 2.73 1.08 2.72 1.18 2.68
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 =
Transcribed Image Text: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 =
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