13)The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October 2004. Dozen Eggs Gallons of Milk 1,57 2.88 1.58 2.81 1.63 1.56 1.37 1.31 2.79 2.91 3.37 3.57 1.25 3.48 1.28 3.30 1.15 3.15 1.09 3.16 (a) Compute the least-squares regression line for predicting the price of milk from the price of eggs. (b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would you expect the price of milk to differ? िशिलक्य (c) Predict the price of milk in a month when the price of eggs is $1.93 Pentel Ha 0.7mm B 50 Blai Lad

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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13)The following table presents the average price in dollars for a dozen eggs and a gallon of milk
for each month from January through October 2004.
Dozen Eggs
Gallons of Milk
1,57
2.88
1.58
2.81
1.63
1.56
1.37
1.31
2.79
2.91
3.37
3.57
1.25
3.48
1.28
3.30
1.15
3.15
1.09
3.16
(a) Compute the least-squares regression line for predicting the price of milk from the price
of eggs.
(b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would
you expect the price of milk to differ?
िशिलक्य
(c) Predict the price of milk in a month when the price of eggs is $1.93
Pentel Ha
0.7mm B
50 Blai Lad
Transcribed Image Text:13)The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October 2004. Dozen Eggs Gallons of Milk 1,57 2.88 1.58 2.81 1.63 1.56 1.37 1.31 2.79 2.91 3.37 3.57 1.25 3.48 1.28 3.30 1.15 3.15 1.09 3.16 (a) Compute the least-squares regression line for predicting the price of milk from the price of eggs. (b) If the price of eggs differs by $ 0.15 from one month to the next, by how much would you expect the price of milk to differ? िशिलक्य (c) Predict the price of milk in a month when the price of eggs is $1.93 Pentel Ha 0.7mm B 50 Blai Lad
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