Answer:
Step-by-step explanation:
Given
Required
The cost of fencing (C)
The cost is calculated as:
Let:
So, we have:
<em>The question cannot be solved further since the dimension of the fence is not given</em>
<em>If you know the dimension, calculate the fence perimeter and substitute the value for x</em>
Answer:
a)
Price=150.414-16.626 Age
b)
$34.032
c)
We can't estimate the price of 18 year old car using the above regression equation because the price of 18 year old car falls outside the scope of the model
Step-by-step explanation:
Age(X) Price(Y)
8 18
3 94
6 50
9 21
2 145
5 42
6 36
3 99
a)
The regression equation can be written as
y=a+bx
a=ybar-bxbar
xbar=sumx/n
xbar=(8+3+6+9+2+5+6+3)/8=5.25
ybar=sumy/n
ybar=(18+94+50+21+145+42+36+99)/8=63.125
x y x-xbar y-ybar (x-xbar)^2 (x-xbar)(y-ybar)
8 18 2.75 -45.125 7.5625 -124.09375
3 94 -2.25 30.875 5.0625 -69.46875
6 50 0.75 -13.125 0.5625 -9.84375
9 21 3.75 -42.125 14.0625 -157.96875
2 145 -3.25 81.875 10.5625 -266.09375
5 42 -0.25 -21.125 0.0625 5.28125
6 36 0.75 -27.125 0.5625 -20.34375
3 99 -2.25 35.875 5.0625 -80.71875
Total 43.5 -723.25
b=-723.25/43.5
b=-16.626
a=ybar-bxbar
a=63.125-(16.626)*5.25
a=150.414
Thus, the required regression equation is
y=150.414-16.626 x
Price=150.414-16.626 Age
b)
For predicting price of 7 years old car we put x=7 in the estimated regression equation
y=150.414-16.626 x
y=150.414-16.626(7)
y=150.414-116.382
y=34.032
The predicted price of a 7 year old car is $34.032.
c)
We can't estimate the price of 18 year old car using the above regression equation because the price of 18 year old car falls outside the scope of the model. The estimate of price is only valid for 2 to 9 year old car.
Answer:
Step-by-step explanation:
Let us assume that, x be the amount of live bait and y be the amount of natural bait.
The price of live bait is $12 per pound and that of the natural bait is $7 per pound.
As John has a budget of $63, so he spend any amount less than or equal to $63, not more than that. So the inequality for this will be,
John would like to get at least 3 pounds of live bait, so the inequality for this will be,