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!
x = the number of miles
y = the total cost
Company A:
0.60x + 60 = y [Company A charges $60 plus $0.60 per mile(x)]
Company B:
0.90x + 30 = y [Company B charges $30 plus $0.90 per mile(x)]
To find the number of miles where the costs for both companies are the same, you can set the equations equal to each other as the costs(y) are the same:
y = y Substitute the equations into "y" (substitute (0.60x + 60) and (0.90x + 30) into "y" since y = 0.60x + 60 and y = 0.90x + 30)
0.60x + 60 = 0.90x + 30 To find x, isolate/get the variable "x" by itself. Subtract 30 on both sides
0.60x + 60 - 30 = 0.90x + 30 - 30
0.60x + 30 = 0.90x Subtract 0.60x on both sides to get "x" on one side of the equation
0.60x - 0.60x + 30 = 0.90x - 0.60x
30 = 0.30x Divide 0.30 on both sides to get "x" by itself
100 = x 100 miles
(if you need to find out the cost where both companies cost the same, you can substitute/plug in the value of x into one of the equations.)
0.60x + 60 = y Plug in 100 into "x" since x = 100
0.60(100) + 60 = y
120 = y At 100 miles, both companies cost $120
Answer:
3:05
I hope this helps
Step-by-step explanation:
Answer:
2.6 and 5.4 are both the same sign, he should add them and then take that negative sign from (-5.4), so the answer would be -8.0.
