Consider the Following Data Values of Variables X and Y

question 295

Essay

Consider the following data values of variables x and y. $$\begin{array} { | l | l c c c c c | } \hline \boldsymbol { x } & 2 & 4 & 6 & \text { g } & 10 & 13 \\\hline \boldsymbol { y } & 7 & 11 & 17 & 21 & 27 & 36 \\\hline\end{array}$$
a.Determine the least squares regression line.
b.Find the predicted value of y for x = 9.
c.What does the value of the slope of the regression line tell you?

---

Definitions:

List Price

The manufacturer’s or retailer’s suggested retail price for a product, often before any discounts are applied.

Dealer Cost

The actual cost to the dealer or retailer to acquire a product before any mark-up for profit.

Real Estate Fees

Charges or commissions paid to agents or companies for services related to buying, selling, or leasing properties.

Proceeds

The total amount of money received from a transaction or series of transactions.