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 2001. Use a TI-84 calculator to answer the following. Dozen Eggs Gallon of Milk 1.01 2.85 0.94 2.85 0.89 2.76 1.03 2.85 0.88 2.89 0.92 2.91 0.86 2.93 0.93 2.89 0.92 2.94 0.92 2.95 Send data to Excel

Write short note on regression line?

A wildlife biologist has spent the past 5 years studying the relationship between the length (inches) and the average weight (lb) of the striped bass. His results are summarized in the table below. Length (inches) 14 18 22 26 Weight (lb) 3 |11 14 Find the least squares regression line y = ax + b for the data in the table, where x represents the length of the fish in inches and y represents the weight in pounds. Use this regression line to estimate the average weight of a striped bass that is 21 inches in length. Oy=0.75(21) - 9.5 = 6.25 lb O y = 0.65(21) - 10.5 = 3.15 lb y = 0.95(21) - 10.5 = 9.45 lb y = 0.95(21)-8.5 = 11.45 lb y = 0.85(21) 12.5 = 5.35 lb

The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) mported by a country, for the last seven years. Construct and interpret a 95% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,508 thousand barrels per day. The equation of the regression line is y = - 1.120x + 15,839.271. Oil produced, x 5,684 5,654 5,452 5,157 5,061 5,030 5,826 9,680 10,041 10,154 10,121 10,060 Oil imported, y 9,304 9,105 Construct and interpret a 95% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,508 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) and O A. We can be 95% confident that when the amount of oil produced is 5,508 thousand barrels, the…