Answer:
y = -0.85 + 0.09x; $49.82
Step-by-step explanation:
1. Calculate Σx, Σy, Σxy, and Σx²
The calculation is tedious but not difficult.
2. Calculate the coefficients in the regression equation
To two decimal places, the regression equation is
y = -0.85 + 0.09x
3. Prediction
If x = 563,
y = -0.85 + 0.09x = -0.85 + 0.09 × 563 = -0.85 + 50.67 = $49.82
(If we don't round the regression equation to two decimal places, the predicted value is $50.56.)
Answer:
Step-by-step explanation:
Original price of the music box = $80
Price after 20% discount = Original price - discount
= 80 - 20% of 80
= 80 -
= 80 - 16
= $64
Price after 40% discount = 80 - 40% of $80
= 80 - 32
= $48
Original price of A faux Ming vase = $60
Price after 20% discount = Original price - discount
= 60 - 20% of $60
= 60 - 12
= $48
Price after 40% discount = Original price - discount
= 60 - 40% of 60
= 60 - 24
= $36
