The relationship between the cost of a taxi ride (y) and the length of ride (x) is analyzed and is determined to be linear. The mean length was 3.9 miles with a standard deviation of 0.8 mile(s). The mean cost was $9.49 with a standard deviation of $1.7. The equation of the regression model is: �'=2.53+ 1.79 x Explain in context what the number 1.79 in the regression model means. Explain in context what the number 2.53 in the regression model means. You take a cab ride for 6 miles. What is the predicted charge

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
icon
Related questions
Question

The relationship between the cost of a taxi ride (y) and the length of ride (x) is analyzed and is determined to be linear. The mean length was 3.9 miles with a standard deviation of 0.8 mile(s). The mean cost was $9.49 with a standard deviation of $1.7. The equation of the regression model is: �'=2.53+ 1.79 x

  • Explain in context what the number 1.79 in the regression model means.
  • Explain in context what the number 2.53 in the regression model means.
  • You take a cab ride for 6 miles. What is the predicted charge using the regression model?
  • Then the driver charges you $15. Did you over- or under- estimate the charge? If so, how much did you over- or under- estimate?
  • Given the standard deviation of your cost var
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax