Answer:
Step-by-step explanation:
Hello!
Given the variables
X: daily hotel room rate
Y: amount spent on the entertainment
See second attachment for scatter plot.
The population regression equation is E(Yi)= α + βXi
To estimate the y-intercept and the slope of the regression equation you have to apply the following formulas:

a= Y[bar]-bX[bar]
n= 9; ∑X= 945; ∑X²= 103325; ∑Y= 1134 ∑Y²= 148804; ∑XY= 123307
X[bar]= ∑X/n= 945/9= 105
Y[bar]= ∑Y/n= 1134/9= 126

a= 126 - 1.03*105= 17.49
^Y= 17.49 + 1.03Xi
Slope interpretation: The estimated average amount spent on entertainment increases 1.03 every time the daily hotel room rate increases one unit.
If the room rate for Chicago is $128 (X), to predict the mount spent in entertainment (Y) you have replace it in the estimated regression line:
^Y= 17.49 + 1.03Xi= 17.49 + 1.03*128= 149.33
The expected amount spent on entertainment for Chicago is $149.33
I hope this helps!
1 mile/hour = 5280 feet/(60 x 60) seconds = 1.467 feet/second
25 miles/hour = 1.467 x 25 = 36.67 feet/second.
1,000 words
10^4=10,000
10^3=1,000
Answer:
E) we will use t- distribution because is un-known,n<30
the confidence interval is (0.0338,0.0392)
Step-by-step explanation:
<u>Step:-1</u>
Given sample size is n = 23<30 mortgage institutions
The mean interest rate 'x' = 0.0365
The standard deviation 'S' = 0.0046
the degree of freedom = n-1 = 23-1=22
99% of confidence intervals
(from tabulated value).





using calculator

Confidence interval is


the mean value is lies between in this confidence interval
(0.0338,0.0392).
<u>Answer:-</u>
<u>using t- distribution because is unknown,n<30,and the interest rates are not normally distributed.</u>
1.)18 = 2(4 + x) ||
2.) 18 = 8 + 2x --- Distribute. ||
3.) 10 = 2x --- Isolate the variable by collecting like terms ||
4.) 5 = x
I'd say A. is a good choice.