Answer:
Step-by-step explanation:
Hello!
Given the variables
Y: Cost of a previously owned Camry.
X: Mileage of a previously owned Camry.
Scatter plot in attachment.
As you can see in the scatter plot, the price of the previously owned Camry decreases as their mileage increases this suggest that there is a negative linear regression between these two variables.
Hypothesis test for the y-intercept
H₀: β₀ = 0
H₁: β₀ ≠ 0
Level of significance α: 0.01
p-value < 0.0001
The decision is to reject the null hypothesis. You can conclude that the population mean of the cost of a previously owned Camry, when the mileage is zero, is different from zero.
H₀: β = 0
H₁: β ≠ 0
Level of significance α: 0.01
p-value: 0.0003
The decision is to reject the null hypothesis. You can conclude that the population mean of the cost of a previously owned Camry is modified when the mileage increases in one unit.
4x + 24x - 2 = 7(4x + 2)
Distributive property.
4x + 24x - 2 = 28x + 14
Combine like terms.
28x - 2 = 28x + 14
Like terms cancel
-2 = 14
0 = 16
<h3>The equation is false and has no solutions.</h3>
The correct answer is y = 11
because:
2y + 7 = 3y − 4
−y + 7 =−4
Subtract 7 from both sides.
−y + 7 − 7 = − 4 − 7
−y = −11
Divide both sides by -1.
y = 11
A)Plugging in our initial statement values of y = 16 when x = 10, we get:
16 = 10k
Divide each side by 10 to solve for k:
16/10=
k = 1.6
Solve the second part of the variation equation:
Because we have found our relationship constant k = 1.6, we form our new variation equation:
y = 1.6x
Since we were given that x, we have
y = 1.6()
y = 0
B)Plugging in our initial statement values of y = 1 when x = 15, we get:
1 = 15k
Divide each side by 15 to solve for k:
1/15
=15k
k = 0.066666666666667
The maximum profit is the highest point on the curve at (3, 45), and since the y-value is the profit in hundreds of dollars, the maximum profit is $4500.
The shop is making a profit as long as the curve is above the x-axis, so this is over the given interval (0, 10).
The maximum profit is earned at x = 3, and the x-value is the money spent on advertising in hundreds of dollars, so this means that $300 was spent of advertising.
