Math  /  Data & Statistics

QuestionPrice of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from February through November 2004. \begin{tabular}{cc} \hline Dozen Eggs & Gallon of Milk \\ \hline 1.01 & 2.81 \\ 1.13 & 2.85 \\ 1.50 & 2.91 \\ 1.03 & 3.14 \\ 1.00 & 2.99 \\ 1.63 & 3.09 \\ 1.24 & 3.30 \\ 1.05 & 2.89 \\ 0.92 & 3.06 \\ 1.04 & 3.22 \\ \hline \end{tabular} Send data to Excel
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Compute the least-squares regression line for predicting the price of milk from the price of eggs. Round the slope and yy-intercept to at least four decimal places.
Regression line equation: y^=\hat{y}= \square

Studdy Solution
Formulate the regression line equation.
y^=mx+b\hat{y} = mx + b
The regression line equation is:
y^=\hat{y} = \square

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