The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Question

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Answer 1

Question

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

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Answer 2

Question

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

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Answer 3

Question

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

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Answer 4

Question

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

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Answer 5

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

Answer 6

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

Answer 7

Chapter 5, Problem 5.20CYS

To determine

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Answer 8

Expert Solution & Answer

Answer to Problem 5.20CYS

Option (a): $5.50.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Reason for the correct option:

In scatterplot, the ballpark charge of 0.60 dollar per ounce for beer in the x axis intersects the regression line which corresponds to 5.50 in the y axis. This is shown below:

The Basic Practice of Statistics, Chapter 5, Problem 5.20CYS

Therefore, the correct option is (b).

Reason for the incorrect answer:

Option (a) and option (c) are incorrect, because the corresponding predicted value of a hot dog cannot be determined from the given scatterplot.

Conclusion:

If another ballpark charges 0.60 dollar per ounce for beer, the predicted value of a hot dog will be close to $5.50.

Answer 12

Ch. 5.1 - Prob. 1AYK Ch. 5.1 - Prob. 2AYK Ch. 5.1 - Prob. 3AYK Ch. 5.3 - Prob. 4AYK Ch. 5.3 - Prob. 5AYK Ch. 5.4 - Prob. 6AYK Ch. 5.4 - Prob. 7AYK Ch. 5.5 - Prob. 8AYK Ch. 5.5 - Prob. 9AYK Ch. 5.6 - Prob. 11AYK

The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

To find: The price of a hot dog to be close to which value,if another ball park charges 0.60 dollar per ounce for beer.

Answer to Problem 5.20CYS

Explanation of Solution

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Chapter 5 Solutions