For a particular red wine, the foilowing data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016. Age (years) Price ($) 37 256 20 142 29 217 33 255 41 331 26 178 31 209 45 297 34 237 22 182

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section11.4: Two-ways Tables
Problem 12E
icon
Related questions
Question
For a particular red wine, the foilowing data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016.
Age (years) Price (s)
37
256
20
142
29
217
33
255
41
331
26
178
31
209
45
297
34
237
22
182
Transcribed Image Text:For a particular red wine, the foilowing data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016. Age (years) Price (s) 37 256 20 142 29 217 33 255 41 331 26 178 31 209 45 297 34 237 22 182
(e) Develop the least squares estimated regression equation. (Let x age (in years), and let y price (in $). Round your numerical values to three decimal places)
Transcribed Image Text:(e) Develop the least squares estimated regression equation. (Let x age (in years), and let y price (in $). Round your numerical values to three decimal places)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill