Given data, first determine which is the independent variable, x, and which is the dependent variable, y. Enter the data pairs into the regression calculator. Substitute the value for one variable into the equation for the regression line produced by the calculator, and then predict the value of the other variable.
Step-by-step explanation:
Enter data into the regression calculator.
Determine the regression equation.
Substitute the correct value for x or y into the equation.
Given bivariate data, first determine which is the independent variable, x, and which is the dependent variable, y. Enter the data pairs into the regression calculator. Substitute the value for one variable into the equation for the regression line produced by the calculator, and then predict the value of the other variable.
The function representing the price of the ring x years after 2000 is f(x) = (100 + 35)/100 *x + 590 = 135/100 *x + 590 = 1.35x + 590 i.e. f(x) = 1.35x + 590
