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Essentials of Statistics for the B...

8th Edition
Frederick J Gravetter + 1 other
ISBN: 9781133956570

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BuyFindarrow_forward

Essentials of Statistics for the B...

8th Edition
Frederick J Gravetter + 1 other
ISBN: 9781133956570
Textbook Problem

A local gym charges a $25 monthly membership fee plus $2 per hour for aerobics classes. What is the linear equation that describes the relationship between the total monthly cost (Y) and the number of class hours each month (X)?

To determine
The linear equation between local gym changes and aerobics classes total monthly cost (Y) and the number of class hours each month (X).

Explanation

Given info:

A local gym, charges a $25 monthly membership fee plus $2 per hour for aerobics classes.

Calculation:

Simple linear regression:

The Simple linear regression is a statistical method that is used to the study relationships between two continuous (quantitative) variables: One variable x, is denoted as the predictor or explanatory or independent variable and the variable y is denoted as the dependent variable and response variable.

Linear equation form is Y=aX+b.

Where b is constant and the form aX varies with the value of X

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