2) What is the equation of the line parallel to y=2x-2 passing through the
1 answer:
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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!
Answer:
11,880 different ways.
Step-by-step explanation:
We have been given that from a pool of 12 candidates, the offices of president, vice-president, secretary, and treasurer will be filled. We are asked to find the number of ways in which the offices can be filled.
We will use permutations for solve our given problem.
, where,
n = Number of total items,
r = Items being chosen at a time.
For our given scenario and
.
Therefore, offices can be filled in 11,880 different ways.