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Plot the two given points on the following graph. Then, connect the two points to form the regression line.

Short Answer

Expert verified

The graph:

Step by step solution

01

Given Information

Points:

X Y
1985 2552
1990 34275
02

Explanation

The Regression Line is the line that best fits the data, with the smallest overall distance between it and the points drawn on a graph. In other terms, a regression line is a line that is used to reduce the squared deviations of forecasts.

To plot the graph for two points:

X Y
1985 2552
1990 34275

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Most popular questions from this chapter

The following table shows data on average per capita coffee consumption and heart disease rate in a random sample of \(10\) countries.

a. Enter the data into your calculator and make a scatter plot.

b. Use your calculatorโ€™s regression function to find the equation of the least-squares regression line. Add this to your scatter plot from part a.

c. Explain in words what the slope and y-intercept of the regression line tell us.

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Percent return:\(74; 66; 81; 52; 73; 62; 52; 45; 62; 46; 60; 46; 38\)

Percent new:\(5; 6; 8; 11; 12; 15; 16; 17; 18; 18; 19; 20; 20\)

a. Enter the data into your calculator and make a scatter plot.

b. Use your calculatorโ€™s regression function to find the equation of the least-squares regression line. Add this to your scatter plot from part a.

c. Explain in words what the slope and y-intercept of the regression line tell us.

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Find the equation that expresses the total fee in terms of the number of hours the equipment is rented.

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