Question

The following data depicts the relationship between the Amount spent on insurance and the amount of inventory loss.

Answer 1

Using the given regression line, it is found that the amount of loss in inventory will be of $159.39.

What is the regression line?

The regression line is:

Y = 86.43 - 38.47X

In which:

• X is the amount spent on protection.

• Y is the amount of inventory lost.

In this problem, we have that X = $6.39, hence:

Y = 86.43 - 38.47 x 6.39 = -$159.39.

The amount of loss in inventory will be of $159.39.

More can be learned about regression lines at brainly.com/question/17004137

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